Bitcoin Smashes Records: Tops $111K as Wall Street Finally Wakes Up
Institutional FOMO hits overdrive as Bitcoin punches through its all-time high—turns out even suits can’t ignore a 12-year-old asset when it starts outrunning their legacy portfolios.
The $111,000 barrier didn’t just break—it evaporated. Trading floors that dismissed crypto as ’rat poison’ now scramble to explain why their gold positions got steamrolled by a decentralized protocol.
Funny how six-figure price tags make skeptics suddenly discover ’blockchain potential.’ Next up: hedge funds pitching Bitcoin ETFs as ’risk management tools’ while quietly liquidating their commercial paper holdings.
Bitcoin Traders’ Profitability (Source: Sentora)
Kraken’s Global Economist, Thomas Perfumo, told CryptoSlate that multiple factors are driving Bitcoin’s current price performance.
He pointed to the recovery in equity markets, robust ETF inflows, and growing interest from public companies. These elements, he said, have created a self-reinforcing cycle of demand and upward price pressure.
Perfumo added:
“With equities healing, ETF inflows running back at a record pace, and a growing roster of public corporations hovering up supply, the feedback loop that carried BTC past $100k remains intact. Unless that trifecta of tailwinds falters, dip-buyers are likely to set the tone and today’s record print is evidence of that.”
Over $500 million liquidated
Bitcoin’s rapid climb has triggered a wave of liquidations across the crypto derivatives market.
Over the past 24 hours, more than 120,000 traders lost their positions, totaling nearly $500 million in liquidated assets. The single largest loss was a $6.36 million BTCUSD position on Bybit.
CoinGlass data showed that traders who bet against Bitcoin’s rise took the biggest hit, with short positions accounting for almost $300 million in losses. Long positions saw approximately $193 million wiped out.
Bitcoin trades comprised most of the liquidations, with $227 million lost. Of this amount, $173 million was from short traders and $53 million from long traders.
Ethereum followed with over $122 million in liquidations, while Solana and Dogecoin recorded $14.5 million and $13.9 million, respectively.
This liquidation wave illustrates the risks Leveraged traders face during rapid market moves, particularly in a bullish environment driven by strong fundamentals and institutional demand.
