- Bitcoin surged past $100,000 to nearly $104,000 following Trump’s trade deal announcements and over $40 billion in ETF inflows, triggering $400 million in bearish position liquidations.
- Ethereum also rallied 16.5% after its Pectra upgrade, while upcoming U.S.–China talks could further influence market momentum.
Bitcoin has surged past the $100,000 threshold for the first time, reaching a three-month high of nearly $104,000. This historic price movement marks a pivotal moment in crypto markets, driven by bullish catalysts ranging from political trade developments to massive institutional investment flows.
Trump’s Trade Announcements Spark Market Optimism
The rally gained momentum after former President Donald Trump announced a new trade agreement with the UK. While the deal itself may not hold major economic weight, his suggestion of cutting tariffs on China helped stoke risk-on sentiment in global markets.
Adding to the bullish outlook, Commerce Secretary Howard Lutnick revealed that the U.S. is preparing to unveil dozens of additional trade deals over the coming month. Traders responded quickly, with optimism flowing into the crypto sector.
$400 Million in Bearish Bets Liquidated
The sudden jump in price triggered a wave of liquidations. Over $400 million in short positions were wiped out in 24 hours—the highest daily total in nearly six months. In contrast, just $22 million in long positions were affected, signaling that bearish traders were caught heavily offside.
This wave of liquidations helped fuel Bitcoin’s momentum, pushing the price up 4.1% to $102,762. At its peak, Bitcoin touched $103,885.4, positioning it for a third straight week of gains.
ETF Inflows Cross $40 Billion
Bitcoin’s surge also coincides with a significant milestone for spot Bitcoin ETFs, which have now attracted over $40 billion in inflows. These funds, introduced earlier this year, offer institutional investors regulated exposure to Bitcoin and have played a critical role in supporting its recent rally.
Ethereum also joined the party, climbing 16.5% to $2,209.41 after the long-awaited activation of its Pectra upgrade. The upgrade is Ethereum’s biggest since the Merge in 2022 and further fueled enthusiasm across altcoins.
Market Outlook: Eyes on China Talks
As Bitcoin now trades comfortably above the six-figure mark, attention turns to upcoming U.S.–China trade talks in Switzerland. Reports suggest Trump could slash tariffs on Chinese goods by more than half, a move that could further lift market sentiment.
With the crypto market cap (excluding Bitcoin) jumping 10% to $1.14 trillion, bullish momentum is spreading fast—and many now wonder how long it will last.
Bitcoin breaks past $100K after Trump’s trade comments, ETF inflows hit $40B, and bearish traders face massive losses.
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