Bitcoin broke its all-time high, reaching $116,664, fueled by institutional buying and record ETF inflows.
Over $1.14 billion in leveraged positions were liquidated in 24 hours, with Bitcoin leading the losses at $591 million.
The Crypto Fear & Greed Index moved into the 'Greed' zone, reflecting increasing market optimism following Bitcoin's surge.
The Trump administration's support and significant ETF inflows have contributed to Bitcoin's rally, with analysts eyeing $130,000 as the next major resistance.