Bitcoin’s Price Surges Towards $137K: Short Liquidations and Institutional Buying Point to Potential Breakout

Recent data indicates that Bitcoin (BTC) is breaking through a key resistance level, potentially pushing it towards its all-time high of $137,000. The price surge is being driven by a confluence of factors including the global M2 money supply trend and a rising number of institutional investors buying into Bitcoin. 70-day lag analysis from analysts suggests that Bitcoin’s price movement mirrors those of the global M2 money supply, previously leading to major rallies. Short liquidations above $104,700 are also being observed, acting as potential catalysts for further price volatility.