BTC is approaching a new all-time high, less than 5% away, with the futures and Spot markets showing strong support, despite the presence of

$170 million in leveraged positions were liquidated. The recent rebound appears sustainable due to healthy Spot buying, limited futures leverage, and weak demand for Chinese stablecoins. Despite global economic concerns such as soaring Japanese bond yields and downgrades of U.S. credit ratings putting pressure on sentiment, $BTC has maintained key support around $102,000. Additionally, negative news such as the class action lawsuit against Strategy executives has had little impact, highlighting Bitcoin's resilience and potential for further gains.