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🚀 Bitcoin Smashes $122K Barrier—New ATH in Sight as Ether Lurks Just 3% Below 2021 Peak

🚀 Bitcoin Smashes $122K Barrier—New ATH in Sight as Ether Lurks Just 3% Below 2021 Peak

Author:
Coindesk
Published:
2025-08-13 20:11:12
15
3

Bitcoin Tops $122K, Eyes Fresh Record, With Ether Just 3% From 2021 ATH

Crypto bulls are back with a vengeance. Bitcoin just bulldozed past $122K—flirting with uncharted territory—while Ethereum lurks dangerously close to its 2021 all-time high. The FOMO is real, and so are the leveraged longs piling in.

### The Numbers Don’t Lie (Until They Do)

No cherry-picking here: Bitcoin’s rally isn’t some meme-fueled blip. ETH’s 3% gap from its 2021 peak? That’s a whisper away from triggering algorithmic buy walls. Meanwhile, Wall Street’s latecomers are scrambling to explain how ‘digital gold’ just outran their inflation hedges.

### Liquidity or Lunacy?

Spot volumes are screaming, but derivatives open interest is the real tell. Traders are betting the house on this breakout—ignoring the fact that crypto markets have a PhD in rug-pulls. (Remember when ‘institutional adoption’ was supposed to kill volatility? Cute.)

### The Closing Paradox

This isn’t 2021’s retail frenzy. It’s a high-stakes game where whales and algos dance around ETF flows and macro pivots. One thing’s certain: when the music stops, someone’s left holding a bag—probably the guy who just YOLO’d his savings at resistance.

|Square

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