Bitcoin (BTC) surges in emerging optimism range of $100,000
Jun 12, 2025 pm 02:48 PMBitcoin (BTC) surged $100,000 on emerging optimism surrounding global trade and crypto whales’ positive positioning — rekindled bullish momentum
Bitcoin (BTC) price broke through the $110,000 mark, driven by improved Sino-US trade outlook and the inflow of "whale" funds in the crypto market, driving the entire digital asset market to heat up again.
According to the latest market data, as of 9:05 pm Eastern Time on Monday, Bitcoin once hit a daily high of $110,290 and is currently trading around about $109,500. The rise is of great significance, showing that bulls are trying to recover the all-time highs set at the beginning of the year.
What drives Bitcoin to continue to rise?
The rising risk appetite brought about by the improvement of Sino-US trade relations has boosted overall sentiment in the stock market and cryptocurrency market.
Recent news that China and the United States may have dialogues on trade issues have aroused market expectations for ease of trade frictions.
This optimism is particularly critical for the crypto market, as Bitcoin tends to fluctuate synchronously with risky assets in macroeconomic uncertainty.
At the same time, the capital trends of crypto whales have also become an important driving force for the rise of Bitcoin.
As Bitcoin approaches $100,000, large holders start to increase their positions and use leverage to amplify the market trend.
This behavior shows that the "whale" is full of confidence in Bitcoin's sustained upward momentum and hit new highs.
Short closings further strengthened the momentum of upside, forcing investors betting on falling prices to exit their positions.
These closings released a lot of buying pressure, pushing Bitcoin to continue to climb.
A list of key BTC indicators:
Bitcoin Price: $109,188
Bitcoin dominance: 63.8%
A key resistance level of the latest: $105,000
Next key resistance level: $115,000
Why is it worth paying attention?
Bitcoin’s synergistic breakthrough of $110,000 shows that this round of rise is not driven by retail investors, but the result of active participation of institutions and large trading platforms in the context of macro positive.
Bitcoin's dominance continues to rise, and now accounts for nearly 64% of the total market value of the crypto market, further consolidating its position as the "help-have-haven" in the digital asset field.
Bitcoin future market prospects
If the bulls can continue momentum and successfully break through the $115,000 resistance level, the next important target will be the $120,000 Fibonacci level.
Once you stand firm above $120,000, it will open up space to challenge the all-time high.
Summarize
Bitcoin has returned to breakthrough mode, and this time it's not just hype. The superposition of multiple factors - whales leverage, short squeeze and global macroeconomic improvement - is jointly pushing BTC to a potential historical high.
However, in the current high leverage environment, it is crucial to maintain discipline. Whether you are a long-term holder or a short-term trader, you need to be vigilant at all times.
Recommended Bitcoin related resources:
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