Bitcoin just made history, blasting past $123,000 to set a new all-time high—and the excitement is just getting started. The rally liquidated $1.3 billion in short positions in under a minute, proving once again that betting against BTC is a dangerous game.

Bitcoin’s Stunning Milestones
✅ New ATH: $123,091
✅ Market cap: $2.39 trillion (now 5th largest asset globally)
✅ Short squeeze: $1.3B wiped out in seconds
✅ Institutional demand: BlackRock’s IBIT ETF hit $76B AUM in under a year (vs. gold’s 15+ years)
Former Binance CEO CZ put it best:
He should know—after buying BTC in 2014, he watched it climb from $300 to $69,000 in previous cycles.
Why This Rally Is Different
🔹 Smaller corrections – Only 23.48% max drawdown this cycle (vs. 80%+ in past bears)
🔹 Institutional tsunami – Family offices, hedge funds allocating 1%+ to BTC
🔹 Political tailwinds – Trump’s pro-crypto policies fueling momentum
Technical Outlook: Is $200K Next?
- Broken 7-year resistance on monthly charts
- Logarithmic growth curve points to $200K+ by December 2025
- No upper wicks on recent candles = unstoppable buying pressure

CZ’s Wisdom: “No Wrong Time to Buy Bitcoin”
While dips will happen (likely <30% corrections), history shows:
- Every cycle reaches exponentially higher peaks
- Long-term holders always win
- Today’s prices will look cheap in hindsight
What’s Next?
- $130K = Next psychological hurdle
- $150K-$200K = Realistic 2025 target range
- Any pullback = Buying opportunity before next leg up
As the Kobeissi Letter noted:
Final Thought
Whether you’re a trader, investor, or skeptic, one thing’s clear: Bitcoin isn’t stopping here. The question isn’t if we’ll see $200K—but when.
Will you be along for the ride?