Bitcoin (BTC) price has closed above a crucial psychological barrier around $109k, which had held since December 2024 to date. The flagship coin surged over 3.8 percent in the past 24 hours to reach a new all-time high (ATH) of about $118,885, which was set during the mid-London session on Friday, July 11.
Following the sustained bullish sentiment, heavy crypto liquidations, amounting to over $1.2 billion, were recorded in the past 24 hours. Out of the entire crypto liquidations today, short trades amounted to over $1 billion, whereby BTC’s share…

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