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Bitcoin surged past $118,000, causing over $425 million in short liquidations within an hour. Analysts now predict a potential rally to $150,000–$180,000, fueled by strong institutional demand and bullish market sentiment.
- Bitcoin surged to $118,403, causing $425M in short liquidations within an hour.
- Institutional demand, including GameStop's $513M Bitcoin purchase, is fueling bullish forecasts.
- Altcoins like Ethereum and Dogecoin followed Bitcoin's rally, with $912M in total crypto liquidations.
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Other Tags: Altcoins, Anthony Scaramucci, Markus Thielen, Miles Deutscher, GameStop, SkyBridge Capital