Bitcoin’s price surged above $106,800 in its latest close, marking a new record high just 2.3% shy of its all-time peak of $109,356. This milestone comes on the heels of surging institutional interest and robust futures activity. Market analysis suggests that a new all-time high could be within reach soon. Bitcoin’s surge was fueled by record-breaking futures open interest exceeding $75 billion. The largest futures exchanges are CME ($17.4 Billion), Binance ($16.7 Billion), and Bybit ($6.9 Billion). Liquidations in the market may follow as Bitcoin breaks above a key resistance level of $108,000. Reports indicate substantial liquidity bands exist near $110K which could trigger heightened volatility if price momentum continues to rise.