tldr; Bitcoin surged to $116,000, leading to the liquidation of $687.22 million in shorts within an hour, according to CoinGlass. Starting the day at $111,000, BTC rose 4.7% in 24 hours, surpassing Google in market value and nearing M2 global liquidity levels. Analyst Martin Folb suggests Bitcoin has exited the Wyckoff Accumulation phase and predicts a rise to $125,000 and $160,000, aligning with global liquidity trends.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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