Bitcoin Blasts to New All-Time High of $118,400 as Massive Short Squeeze Liquidates Bears

Bitcoin (BTC) has achieved a new historic milestone, surging to an all-time high (ATH) of $118,400. This dramatic price ascent was primarily fueled by an immense short squeeze, which caught bearish traders off guard and triggered widespread liquidations across the cryptocurrency market, wiping out over $1 billion in short positions, with Bitcoin contributing a significant …

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