Bitcoin Reaches New Highs, $30 Million in Shorts Liquidated in Minutes

Bitcoin has surged past $122,000, nearing its previous all-time high ($123,000) and liquidating over $30 million worth of short bets within just 60 minutes. Market analysts attribute this price rally to growing demand for Bitcoin and a return to bullish sentiment in the crypto market. The recent surge marks a significant move for both Bitcoin and Ethereum, with investors seeking new record highs after previous swings. 122,000 USD is currently the price of Bitcoin which has seen a dramatic rise in just a few days after several large liquidations of short bets.