Bitcoin Smashes Records: $110K Becomes the Next Psychological Battleground

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CoindeskEN

Release Time:

2025-05-21 05:21:44

BTC just notched its highest daily close ever—bulls are already licking their chops at the six-figure horizon.

The FOMO is real

Traders who waited for a ’dip’ got left in the dust as Bitcoin’s relentless rally defies even Wall Street’s gloomiest predictions. The $110K mark now looms as the next liquidity magnet—and the suits will call it a bubble right until their pension funds start allocating.

Cue the institutional whiplash

Same banks that called crypto a scam in 2022 are now quietly accumulating through OTC desks. Meanwhile, retail traders pivot from ’wen lambo’ to ’how much collateral for a home equity loan?’

One thing’s certain: the volatility will be brutal, the tweets will be unhinged, and some hedge fund manager will still blame Bitcoin when their gold ETF tanks.

BTC dealer gamma exposure at various strikes. (Deribit/Amberdata)

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