Bitcoin has surged above $109,000 amid increasing global money supply, which surpassed $55 trillion. The BTC open interest rose by 10%, indicating renewed market momentum backed by long positions and substantial capital influx. Despite the uptick, stable funding rates across perpetual futures markets suggest the rally is sustainable and not driven by excessive leverage. A significant short squeeze saw over $196 million in liquidations, further pushing Bitcoin past key resistance levels. Analysts are optimistic, with expectations of reaching new all-time highs if Bitcoin maintains a close above $109,300 this Sunday. The recent price movements coincide with Bitcoin's lowest volatility levels since 2023, typically preceding major price shifts. Technical indicators support a bullish outlook, with potential targets around $137,000. However, caution is advised as any investment comes with risks, and thorough research is essential before making decisions.

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