🚀 Bitcoin Shatters Records: Hits $118K Today, $130K Target Looms by September

Bitcoin just bulldozed through another ceiling—trading at a blistering $118,000 as institutional FOMO goes into overdrive. Analysts now whisper about a $130K price tag by autumn, leaving traditional finance clutching its pearls.

### The Bull Case: Why This Rally Isn’t Stopping

No pullbacks, no apologies. Bitcoin’s ascent mirrors the 2017 frenzy—but with Wall Street’s fingerprints all over it this time. ETFs? Check. Macro hedge demand? Double-check. Even gold bugs are sneaking glances at the charts.

### The Skeptic’s Corner: ‘But This Time Is Different’

Sure, and Lehman Brothers was ‘too big to fail.’ Crypto markets don’t do ‘rational valuations’—just ask the guys still holding Terra Luna bags. Yet here we are: another all-time high while bankers recalculate their bonus pools.

### What’s Next: Buckle Up or Bail Out?

Volatility’s the price of admission. Either you’re long or you’re wrong—until the next -20% ‘healthy correction’ sends Twitter into meltdown. One thing’s clear: Bitcoin’s writing the rules now. Traditional finance? Still trying to find the ‘off’ switch on the printer.

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.

Bitcoin accounted for more than half of the total carnage, with $599m in liquidations. ethereum saw $243m 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.