According to glassnode, Bitcoin has surpassed its all-time high after 121 days, reaching a new peak price of $109,486, with its market capitalization soaring to $2.17 trillion and realized cap hitting $911.5 billion. These record-breaking levels, verified by on-chain analytics, signal strong institutional and retail demand, creating new momentum for crypto traders and increasing liquidity across spot and derivatives markets. The rapid growth in realized cap further highlights robust capital inflows, providing technical confirmation for bullish market sentiment and indicating potential for continued volatility and trading opportunities. (Source: glassnode, May 21, 2025)