Bitcoin has set a new record high of $111,000, overcoming its December 2024 peak. This surge comes after a period of decline this winter, with the cryptocurrency market struggling through challenging months. Despite recent global geopolitical uncertainties and the impact of trade tariffs, Bitcoin has recently experienced a strong rebound, surpassing previous highs in the process. This new ATH is prompting traders to open record-breaking positions, reaching an Open Interest of $80 billion according to CoinGlass. However, this high-risk period also brings concerns about potential price volatility as short positions are liquidated rapidly. 5 consecutive weeks of increased price have led to a renewed bullish trend for Bitcoin, but the market remains cautious regarding potential future fluctuations.