Technique CEO Michael Saylor has reiterated that Bitcoin is “going up ceaselessly” after the main cryptocurrency surpassed the $121,000 degree for the primary time earlier this Monday.
The highest cryptocurrency is seemingly going parabolic, at the moment approaching the $123,000 degree amid a relentless rally.
With a year-to-date achieve of 31%, Bitcoin has already caught up with gold. For comparability, the yellow metallic has thus far gained 29% in 2025.
Saylor believes that Bitcoin is a “shopping for alternative” even at present costs since he’s satisfied that the token has loads of upside potential.
The full holdings of Technique are at the moment valued at roughly $73.06 billion.
“Brief Bitcoin in case you hate cash”
On Sunday, Saylor additionally inspired merchants to brief Bitcoin (however provided that they hate cash).
In line with information supplied by analytics agency CoinGlass, roughly $172 million value of brief positions had been liquidated over the previous hour alone. Whole 24-hour brief liquidations have now approached a whopping $600 million.
The biggest liquidation order occurred on Binance, with somebody dropping as a lot as $98.10 million.
Total, 120,637 merchants have been liquidated in a single day, CoinGlass information exhibits.