Bitcoin’s $118K Breakout: Key Level for Potential All-Time High Amid Strong Demand and Market Dynamics
Main Idea
Bitcoin is testing the critical $118K level, which could determine its next move towards a new all-time high, driven by strong institutional demand and market dynamics.
Key Points
1. $118K is the decisive breakout level for Bitcoin’s next potential all-time high.
2. Institutional buying has surpassed new BTC supply, with 545,579 BTC purchased compared to 97,082 BTC in new supply.
3. Short liquidations above $125K could fuel significant price gains.
4. Market leverage influences Bitcoin’s price by amplifying movements, with cooling leverage potentially reducing volatility.
5. Retail investors are also accumulating Bitcoin, contributing to demand and price momentum.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Bitcoin is currently
Latest News
- Bitcoin’s Institutional Growth Influences Crypto Venture Capital Trends and Emerging Technologies2025-08-08 15:48:48
- Potential Risks for Overleveraged Buyers as Bitcoin Faces Key Support Levels2025-08-08 15:36:29
- Tornado Cash Developer Roman Storm’s Conviction Raises Concerns Over Privacy and Developer Liability in Crypto Industry2025-08-08 15:30:01
- Stellar (XLM) Shows Potential for Continued Growth Amid XRP’s Regulatory Clarity and Increased Institutional Interest2025-08-08 15:19:14
- Web3 AI: Exploring the Impact of Blockchain Integration on Decentralized Innovation Potential2025-08-08 15:18:54