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Bitcoin (BTC) 
$103,831 set a new record by exceeding $106,000 during the Asian trading session. In the last 12 hours, a total of $151 million in short positions were liquidated, contributing to the upward price movement. The low liquidity over the weekend and negatively trending funding rates on Deribit triggered a bullish breakout in the market, placing short positions under pressure.
BTC to Gold Ratio Hits New High
The BTC to Gold ratio, indicating Bitcoin’s value against the precious metal, reached an all-time high during this movement. This development strengthens Bitcoin’s status as “digital gold,” further solidifying its position as a preferred store of value over traditional gold. According to QCP Capital analysts, this unique increase is a testament to the market’s long-term confidence in Bitcoin.
QCP Capital Bitcoin AltınMoreo…
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