Bitcoin demonstrates sustained strength above the $111,000 price threshold as trading volume surges 35.51% to nearly $60 billion. With no significant technical resistance observed, this consolidation period hints at potential early bull market conditions.
Market capitalization holds steady at $2.19 trillion, complemented by a fully diluted valuation of $2.33 trillion that reinforces Bitcoin’s commanding position in the cryptocurrency landscape. On-chain data highlights Bitcoin’s inherent scarcity, showing 100% holder participation as circulating supply nears the 21-million coin cap with 19.89 million BTC currently in circulation.
Derivatives markets reflect strong bullish sentiment, recording $211.46 million in short liquidations while open interest climbs to $78.75 billion. Options activity shows parallel momentum, with trading volumes jumping 69.50% to $5.06 billion. These converging metrics suggest growing trader conviction in Bitcoin’s upward trajectory.