BTC Passes $110k, Again

Bitcoin Breaks Back Above $110,000, Signaling Renewed Crypto Confidence

June 9, 2025 — OwnMeta NewsBitcoin has once again surged past the $110,000 mark, reigniting enthusiasm across the cryptocurrency market. The climb marks a powerful rebound following last week’s minor selloff and reinforces the growing confidence among both retail and institutional investors.

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What’s Fueling the Surge?

• Steady Climb Without Frenzy
  Unlike previous volatile spikes, this rise has been marked by a more controlled and gradual increase. Investors appear to be buying the dips, creating solid support levels and driving upward momentum.
• Short Sellers Caught Off Guard
  Nearly $200 million worth of short positions in Bitcoin were liquidated over the past 24 hours. That’s part of over $330 million in total crypto liquidations, adding fuel to the upward push as bearish bets were forcefully closed out.
• Improved Global Sentiment
  Market optimism around renewed U.S.–China cooperation and anticipation ahead of the U.S. inflation report (due later this week) are encouraging broader risk-taking across financial markets, including crypto.
• Widespread Accumulation
  On-chain data shows that large investors (“whales”) and everyday holders alike have been actively adding to their Bitcoin positions. Options markets are also leaning bullish, with traders betting on further gains in the coming weeks.

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Bitcoin by the Numbers

• Current Price: ~$110,100
• Resistance Ahead: Around $111,000–$112,000
• Support Level: ~$105,000
• Recent Liquidations: Over $330M across crypto markets
• Next Key Event: U.S. CPI inflation data this week

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What It Means

Bitcoin’s return to the $110K range underscores growing trust in the asset amid macroeconomic uncertainty. Institutional inflows remain strong, and Bitcoin’s appeal as a hedge against inflation and global instability is keeping it firmly in the spotlight.

Analysts warn, however, that while momentum is strong, Bitcoin must hold above $105,000 to avoid a deeper correction. If it can break through resistance around $112,000, it may pave the way for a move toward the $120K–$150K range in the near term.

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The Takeaway

Bitcoin’s latest rally shows strength, stability, and increased investor confidence. With major economic data on the horizon and positive signals across the board, crypto markets may be setting up for an even bigger breakout—if current momentum holds.