Bitcoin has surpassed 111,000 USD, indicating a shift into new price discovery. Major altcoins such as Ethereum (ETH), Cardano (ADA), and Solana (SOL) are also benefiting from this market positivity.
More than 500 million USD in leveraged positions were liquidated in the last 24 hours, with a significant amount being short positions. This suggests initial bearish sentiment, which may now be shifting to bullish as the market rallies.
As Bitcoin reaches new heights, traders are encouraged to monitor capital rotation patterns. Ethereum and other large-cap altcoins may soon see inflows and start to outperform Bitcoin as the market dynamics evolve.
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