Overview

• Bitcoin surpassed $123,000 for the first time on Monday, marking a new intraday record high.
• The U.S. House has declared this session “Crypto Week” to debate stablecoin oversight and crypto market structure bills.
• More than $1 billion in Bitcoin short positions were liquidated Monday, stoking a powerful short squeeze.
• Institutional demand remains strong with spot ETFs seeing inflows jump 175 percent year-over-year and treasury companies like MicroStrategy holding nearly 600,000 BTC.
• Technical analysts note a cup-and-handle pattern projecting a move toward $134,500 even as tariff threats and legislative outcomes pose uncertainties.