CoinEx Daily: Bitcoin Rockets Past $116.9K Historic Peak Amid Intensifying Bets on Fed Rate Cuts

Daily View

BTC price touched an all-time high of $116,900, accompanied by a surge in leveraged long positions, signaling renewed bullish sentiment. Macro news suggests that traders are increasingly betting on a September interest rate cut following the Federal Reserve's June meeting minutes, adding further momentum to risk assets such as Bitcoin. Overall, optimism is rising as both individual and institutional investors expand their positions amid expectations of looser monetary policy in the coming months.