Bitcoin (BTC) traded above 4% on Thursday after soaring to a new all-time high above $116,800. The rally, which appears to be leverage-driven, triggered over a $1 billion short-squeeze across the entire crypto market. Bitcoin traded above $116,000 for the first time after surging 4% in the past 24 hours. BTC's surge has largely been dominated by futures activity, following a consistent uptrend in the Futures Cumulative Volume Delta (CVD). This indicator represents the aggregate difference between buying and selling volumes. The Futures CVD showed signs of heavy buying activity despite low funding rates, according to ... (full story)