币界网报道：Bitcoin approaches the $110,000 threshold as market sentiment shifts amid heightened concerns over bearish liquidations. Analysts highlight increasing volatility as large sell orders trigger rapid price fluctuations, with derivatives markets showing elevated open interest. Traders report intensified pressure on short positions, while institutional investors monitor key support levels. The rally follows renewed institutional interest and macroeconomic uncertainty driving demand for crypto as an inflation hedge. Market observers caution that sustained upward momentum depends on breaking resistance at $112,000, where significant sell walls reportedly exist. Meanwhile, exchange data reveals shrinking BTC reserves, suggesting accumulation by long-term holders despite price turbulence.