Bitcoin Surges to All-Time High of $112K, Experts Predict $150K Next

Bitcoin reached a new all-time high of $112,000, with predictions of hitting $150,000 soon. Market sentiment is increasing, with the Fear & Greed Index at a “Greed” score of 71. Analysts suggest a shift towards institutional buying, with $1.04 billion inflows into US-based spot Bitcoin ETFs in July alone.

Despite some traders’ caution, Bitcoin’s record high caught many off guard. $217.55 million in short positions were liquidated in the past 24 hours, with $1.6 billion at risk of liquidation if Bitcoin hits $115,000. Santiment data shows a spike in trader optimism, similar to past price drops in June and July.

Read more at Cointelegraph: Bitcoin Bull Eyes $150K After BTC Reaches New All-Time High