The leading cryptocurrency, Bitcoin, surged to $110,260 late on Monday, June 9th, recovering from the preceding week’s selling pressure and climbing over 4% in the past 24 hours. This marks Bitcoin just 2% shy of its all-time high, bolstering a broader market recovery led by Ethereum. The total open positions in futures increased by approximately 6% to $154.8 billion, with leveraged positions worth over $445 million liquidated, $204 million of which came from Bitcoin positions. Analysts highlight three key dynamics driving this price surge: reduced regulatory uncertainty, sustained institutional demand, and increased liquidity.

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