Bitcoin Surges 1.82% to $112,000 Triggering Retail Liquidations

Bitcoin's recent surge to a new record above $112,000 has triggered widespread liquidations among retail traders, highlighting the market's volatility and the significant impact of institutional and high-profile investments. The cryptocurrency's price has been bolstered by a wave of bullish sentiment, with a 1.82% 24-hour gain and substantial trading volume indicating deepening confidence in digital assets. This momentum has drawn attention from both institutional and retail players, with Bitcoin's recent breakout from a symmetrical triangle pattern confirming a bullish trend.

Technical analysis suggests that Bitcoin's price structure is intact, with the Relative Strength Index (RSI) at 64.3, indicating room for further gains before reaching overbought levels. The cryptocurrency is currently consolidating just below the $112,012 resistance level, printing small-bodied candles—a classic bullish continuation pattern. If the price retests the $110,638 level and forms a hammer or a bullish engulfing candle, it could present a lower-risk re-entry point for traders.

The Trump family's renewed interest in cryptocurrencies has added to the bullish narrative. Donald Trump Jr.'s $4 million investment in Thumzup Media, a corporate Bitcoin holder, demonstrates the family's commitment to expanding its crypto exposure. Thumzup, which started accumulating BTC in January 2025, is now diversifying into altcoins, including Ethereum, Solana, Dogecoin, and XRP. This move reinforces the narrative that digital assets are becoming part of both political and corporate strategies.

Corporate Bitcoin holdings have surged 23% in the second quarter of 2025, with 159,107 BTC added, valued at $17.6 billion. This brings total institutional holdings to 847,000 BTC, or 4% of Bitcoin's supply. The number of public companies holding BTC has also increased significantly, with 46 new firms added to the list, bringing the total to 125. Notable names include MicroStrategy, MARA Holdings, Twenty One, and Metaplanet. GameStop and Trump Media are looking to raise $2.5 billion for BTC buys, indicating a strategic and aggressive long-term accumulation by institutions.

If $112,000 becomes a support level, the rally could extend toward $116,000–$120,000, according to analysts' forecasts. Supporting confluences include a clean break of the all-time high and institutions continuing their accumulation. The bullish breakout above $111,000 has confirmed a strong narrative and technical tailwind for Bitcoin, with a push to $113,772 looking likely if $112,000 is broken with volume.