Bitcoin (BTC) price hits new all-time high of $111,782 as institutional buyers push capital into the crypto market

Data from CryptoSlate shows Bitcoin reached a peak of $111,782 before pulling back slightly to $109992 as of press time.

Bitcoin (BTC) price surged to a new all-time high of over $111,000 on Wednesday, continuing its relentless rally as institutional buyers poured capital into the crypto market.

Bitcoin price hits new ATH

Data from CryptoSlate showed Bitcoin reached a peak of $111,782 before pulling back slightly to $110,992 as of press time.

According to blockchain analytics provider Sentora, the rally places every Bitcoin holder in profit. This development reflects the strength of the current uptrend and the increasing demand for digital assets among larger market participants.

Kraken’s Global Economist, Thomas Perfumo, told CryptoSlate that multiple factors are driving Bitcoin’s current price performance.

He pointed to the recovery in equity markets, robust ETF inflows, and growing interest from public companies. These elements, he said, have created a self-reinforcing cycle of demand and upward price pressure.

Perfumo added:

“With equities healing, ETF inflows running back at a record pace, and a growing roster of public corporations scooping up supply, the feedback loop that carried BTC past $100k remains intact. Unless that trifecta of tailwinds falters, dip-buyers are likely to set the tone and today’s record print is evidence of that.”

However, he cautioned that if the pessimistic narrative persists and pessimism deepens, it could dampen the market mood and potentially stall the Bitcoin bull run.

Over $500 million liquidated

Meanwhile, Bitcoin’s rapid climb has triggered a wave of liquidations across the crypto derivatives market.

Over the past 24 hours, more than 120,000 traders lost their positions, totaling nearly $500 million in liquidated assets. The single largest loss was a $6.36 million BTCUSD position on Bybit.

CoinGlass data showed that traders who bet against Bitcoin’s rise took the biggest hit, with short positions accounting for almost $300 million in losses. Long positions saw approximately $193 million wiped out.

Bitcoin trades comprised most of the liquidations, with $227 million lost. Of this amount, $173 million was from short traders and $53 million from long traders.

Ethereum followed with over $122 million in liquidations, while Solana and Dogecoin recorded $14.5 million and $13.9 million, respectively.

This liquidation wave highlights the risks leveraged traders face during rapid market movements, especially in a bullish environment driven by strong fundamentals and institutional demand.