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U.S. President Donald Trump has launched a new round of tariff attacks, causing turbulence in the American stock market, while Bitcoin long positions are preparing for a new round of pump. Bitcoin has gotten rid of the sluggish trend of the past two months, breaking through $118,000 for the first time on Friday, with some options traders even targeting $150,000. The rise of Crypto Assets is quite broad, with many tokens ranging from Ether to Cardano seeing significant increases.
From the reflow of ETF funds to the announcement by the U.S. Congressional Committee that next week will be "Crypto Assets Week", various signs indicate that the crypto market is moving in a positive direction. This momentum has put immense pressure on the short positions, with over a billion dollars' worth of Bitcoin short positions being liquidated in just 24 hours.