Bitcoin Climbs $110K Mark Amid Global Optimism

While financial markets are moving cautiously in an uncertain geopolitical climate, bitcoin has just once again crossed a key threshold: $110,000. This level, abandoned for two weeks, marks a technical break that goes beyond a mere rebound. Indeed, such a move fits into a reconfiguration of the forces at work in the crypto market, where price dynamics, speculative positions, and institutional arbitrage seem to be entering a new phase.

A bitcoin surge fueled by the geopolitical context

Bitcoin surpassed $110,000 on Monday, a first since its all-time high at the end of May, confirming a marked return of optimism in the markets.

Joe DiPasquale, CEO of crypto asset manager BitBull Capital, stated :

Bitcoin crossing the $110,000 mark for the first time in two weeks signals a new bullish momentum after a consolidation period.

This progression comes amid a global market relief as the United States and China have reopened discussions around their trade disputes.

These talks, which had fueled instability in recent weeks, seem to be initiating a phase of détente, immediately reflected in risk assets, where BTC remains the main indicator.

Such a bullish surge is accompanied by a series of technical signals and revealing market data :

• Crossing the $110,000 threshold triggered a liquidation wave : nearly $323 million in short positions were closed over 24 hours, including $196 million on bitcoin alone, according to CoinGlass data ;

• Negative funding on multiple platforms suggests that short sellers dominated the market before this reversal, which exacerbated the bullish move once technical levels were breached ;

• This renewed momentum could pave the way for a new attempt toward $120,000 ;

• The current threshold is less than 2 % away from the previous all-time high of $111,814 set in May, reinforcing interest around this new technical test.

Thus, beyond the simple number, it is a series of cyclical and structural triggers fueling this move : a calmer geopolitical environment, favorable market data, and a mechanical activation of liquidations.

Altcoins, ETFs, and memecoins : diverging dynamics in bitcoin’s wake

While bitcoin’s rise naturally drew attention, it did not remain isolated. Other assets also experienced a bullish move, though their specific dynamics differ.

Ethereum crossed $2,640, a 4.5 % increase, while Solana rose over 3 %, nearly $160. Memecoins, often more sensitive to movements, also benefited from the momentum.

Dogecoin advanced 4.5 %, followed by Shiba Inu at +2.5 %. These performances fit within a context of technical rebound but do not all rest on the same fundamentals as BTC.

On the structured financial instruments side, trends are more contrasted. Spot Bitcoin ETFs experienced five days of net outflows over the last seven, showing some short-term institutional interest fatigue.

Conversely, Ethereum ETFs show a continuous fifteen-day streak of net inflows, signaling stronger appetite for the asset, likely driven by prospects for new uses linked to asset tokenization and decentralized finance.

This asymmetry between flows on bitcoin and Ethereum could announce a gradual rebalancing within the crypto market. While BTC retains its role as a general barometer and sector safe haven, Ethereum seems to be progressively regaining institutional interest thanks to a differentiated technological proposition.

The recent enthusiasm of savvy investors around memecoins, although less structural, also shows that speculation remains very much alive, which could amplify short-term volatility. In any case, the resilience displayed by altcoins and current technical signals open the way to a potentially decisive crypto summer.