Bitcoin Breaks $108K Barrier: 20x Long Trade Sparks Surge Amidst Optimism

A newly formed cryptocurrency wallet, dubbed ‘0x1f25,’ has taken a bold stance by initiating a $54.5 million leveraged position in Bitcoin (BTC), exceeding the $106,538 mark and fueling the digital asset’s surge to near $108,000. Analysts attribute this move to growing DeFi applications and increased institutional investment. 0x1f25’s audacious action comes as traders anticipate a market breakout in the coming weeks, mirroring gold and the S&P 500’s recent successes.