Bitcoin hits a new all-time high near $112K, with 100% of holders now in profit.

Michael Saylor reaffirms faith in BTC, claiming no one has ever lost money buying it. Derivatives market sees a surge in volume, with $179M in shorts liquidated in 24 hours.

Bitcoin hit a new all-time high of nearly $112,000 on Thursday, as Treasury yields rose following a weak 20-year U.S. bond auction, putting the world’s leading cryptocurrency back in the spotlight and heating up the derivatives market.

Bitcoin (BTC) price is again trading in the green. In the past 24 hours, BTC price rose by 2.4%. At press time, BTC was trading at $111,545.59, with a 24-hour low of $108,000.00 and a 24-hour high of $111,818.00.

The world’s leading cryptocurrency edged past the $111,800 mark, setting a new peak. This surge followed a brief decline to $106,000, which saw Bitcoin rebound strongly, breaking its previous high of $109,200 on Wednesday.

Sharp rally brings bullish commentary

The cryptocurrency is now trading at nearly $112,000, a level not seen since March 2022, when Bitcoin reached highs of over $120,000.

As Bitcoin continues its relentless march higher, all-time highs are being discussed. On X, Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), brought attention to the fact that no one has ever lost money buying Bitcoin.

“No one has ever lost money buying Bitcoin. Buy it, hold it, and use it to change the world. It is the best asset in history. It is the greatest invention since the printing press. It is the money of the future. #Bitcoin,” Saylor wrote.

Crypto influencer Altcoin Daily further elaborated on this point, highlighting that throughout Bitcoin’s 16-year existence, every holder who sold their coins would have pocketed a profit.

100% of Bitcoin holders (in it's 16 year history) are in profit. https://t.co/4ROYGryVfD

This claim is supported by on-chain data from IntoTheBlock, which shows that all 19.89 million BTC in tracked wallets are “in the money,” indicating profitable holdings. These profitable positions are valued at a staggering $2.21 trillion.

Derivatives market sees huge volumes, liquidations

The sharp rally in Bitcoin has also brought huge volumes and volatility into the derivatives market. In the past 24 hours, about $179 million worth of shorts were liquidated on major cryptocurrency exchanges.

The cryptocurrency derivatives market has seen a huge volume of activity in recent days, as Bitcoin price broke through key resistance levels and set a new all-time high.

According to data from DeFi analytics firm Glassnode, about $179 million in shorts were liquidated in the past 24 hours.

At the same time, about $688 million in longs were liquidated, as Bitcoin price pulled back slightly from its highs.

Overall, the cryptocurrency derivatives market saw a volume of over $3 billion in the past 24 hours, with over $850 million in shorts and longs liquidated.

This activity is a reflection of the market's volatility and the leveraged positions that traders are taking in the hopes of amplifying their gains or minimizing their losses.

As Bitcoin price continues to fluctuate, we can expect to see more liquidations and market activity in the days and weeks to come.

The post Bitcoin hits new ATH, 100% of holders in profit as derivatives market heats up appeared first on Chain Teller.

The post Bitcoin hits new ATH, 100% of holders in profit as derivatives market heats up first appeared on Benzinga.com.

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