Bitcoin Smashes Records at $111,600—$115K Looms as Traders Salivate

Digital gold just got gilded. Bitcoin’s relentless rally punches through another ceiling, hitting an eye-watering $111,600 ATH. Wall Street analysts—suddenly crypto experts—now whisper about the $115K resistance like it’s a foregone conclusion.

Meanwhile, traditional finance bros clutch their spreadsheets and mutter about ’irrational exuberance.’ Spoiler: they missed the boat—again.

This new peak comes as US stock markets struggle. The S&P 500, Nasdaq and Dow Jones all fell sharply on May 21 when a weak 20-year bond auction made treasury yields go up.

Caroline Bowler, CEO of BTC Markets, believes the rally highlights the maturity of the crypto market. “Today’s demand is driven by institutional-grade infrastructure and stronger regulatory clarity,” she said. “It’s no longer a speculative craze.”

Interestingly, retail interest remains low. Google Trends shows Bitcoin searches have dropped to levels typical of bear markets. Yet, the Crypto Fear & Greed Index still reads “greed” with a score of 72.

Edward Carroll from MHC Digital believes the current momentum could push bitcoin to $160,000 by Q4 and potentially $1 million by 2030. Meanwhile, Arthur Hayes, former CEO of BitMEX, predicts Bitcoin could reach $1 million by 2028, not due to Federal Reserve policies, but other macroeconomic factors.

Meanwhile, trader James Wynn placed a record-breaking $1.1 billion Bitcoin long on Hyperliquidity. The 40x Leveraged bet is sitting on a $20 million unrealized profit and will be liquidated if BTC drops to $103,800.

Also Read: Strike and Tether Aim to Buy 5% of Bitcoin: Jack Mallers