Bitcoin [BTC] has punched through its previous highs, clocking a new all-time high of $118,000. In tandem, Net Taker Volume surged past $200 million, a level not seen since February 2025.
This metric reflects aggressive market participation as buyers lift offers to chase price gains.
Historically, such spikes in taker volume often signal the start of breakout rallies. However, this behavior has also preceded local tops, prompting caution.
As excitement builds, traders should examine supporting on-chain and derivatives indicators to assess whether the uptrend can hold or if a cooldown is imminent.
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