Bitcoin’s Wild Ride: Bulls Charge Toward All-Time High as $27M in Bearish Bets Vanish

Bitcoin scaled an intraday peak of $105,680, climbing 2.5% versus the U.S. dollar, as traders reveled in its buoyant momentum. The digital asset now orbits near $105,385 per unit, weathering a modest 3.87% dip from its historic zenith of $109,356 achieved on Jan. 20, 2025. Current trading vigor reflects roughly $19 billion in BTC trade volume, with Binance dominating as today’s most active exchange. Analyzing recent volatility, Coinglass data reveals that over $27 million in bearish BTC short bets evaporated within a four-hour window, illuminating fleeting market dynamics. A standout casualty emerged on Binance: a single BTC/USDT position worth $3.37 million was swiftly liquidated, marking the day’s most dramatic exit.