🚀 Bitcoin Shatters Records: Hits $116K Today, $130K in Sight by September

Bitcoin just rewrote the rulebook—again. The king of crypto blasted past $116,000 today, leaving traditional assets eating dust. And the party might just be getting started.

### The Bull Case Nobody Saw Coming

Analysts are scrambling to update their models as BTC defies gravity. The $130K price target—once laughed at by Wall Street suits—now looks conservative. One hedge fund manager even muttered 'maybe we should’ve allocated more than 1%' between sips of his $28 oat milk latte.

### What’s Fueling the Frenzy?

Institutional FOMO meets supply shock. With the halving squeeze in full effect and BlackRock’s ETF sucking up coins like a financial Dyson, the math gets simple: more buyers + fewer coins = price go brrr. Meanwhile, gold bugs are quietly sobbing into their safe deposit boxes.

### The Cynic’s Corner

Sure, the rally’s impressive—until you remember banks still charge 2% for wire transfers that take three business days to fail. Crypto’s volatile? Try waiting 72 hours to discover your 'settled' fiat transaction got lost in some banker’s golf weekend.

Buckle up. The next leg could make this look like a warm-up.

Traders Rush to Reposition After Quiet Volatility Triggers Bullish Setup

In a note to clients, the firm said a short-term breakout signal had been triggered, historically followed by median gains of 20%. That WOULD imply a price target near $133,000 by September.

The crypto Fear & Greed Index is now in the "Greed" zone after $BTC hit a new ATH earlier today.

Where do you stand on the scale? pic.twitter.com/c4LkrLF1fH

“Our trading signals indicate that this short-term breakout carries a 60% probability of further upside over the next two months,” Markus Thielen, founder of 10X, told Cryptonews.

Behind the scenes, the landscape has been quietly shifting. Implied volatility recently hit its lowest levels in months, giving traders cheap access to upside bets.

At the same time, many had been underexposed following June’s options expiry, leading to a scramble to reposition.

Over $1B in Short Positions Liquidated as Bitcoin Blasts Higher

Adding fuel to the rally, over $1.14b in Leveraged positions were liquidated in the past 24 hours alone, according to data from CoinGlass. Of that, nearly $1.02b came from short traders.

BREAKING: OVER $1 BILLION WORTH OF SHORTS ON CRYPTO LIQUIDATED IN THE PAST 24 HOURS pic.twitter.com/jlLixbWanA

Bitcoin accounted for more than half of the total carnage, with $591m in liquidations. ethereum saw $241m wiped out, while smaller tokens like Hyperliquid, Solana and XRP also saw heavy losses.

Trump Policies, $15B in ETF Buys Add Fuel to Bitcoin’s Fire

This new wave of volatility comes as Trump’s crypto-friendly policies gain traction. In March, the president signed an executive order to establish a national crypto reserve. His administration has since appointed pro-crypto voices to key positions, including SEC’s Paul Atkins and AI policy lead David Sacks.

Meanwhile, Trump-linked businesses are deepening their involvement. Trump Media & Technology Group recently filed to launch a crypto ETF that would hold multiple tokens, including Bitcoin.

With steady ETF demand, easing macro conditions and regulatory tailwinds, many traders now see this breakout as the start of a broader uptrend.

“Bitcoin may be transitioning into a higher trading range,” said Thielen. “Since mid-April, Bitcoin ETFs have bought $15b worth of BTC and they are causing prices to rally.”

As crypto markets heat up once again, all eyes are on next week’s US CPI print and the start of “Crypto Week” in Washington, both of which could offer fresh catalysts, or risks, for the world’s most closely watched digital asset.