Crypto Daybook Americas: Bitcoin Sets Sights on New Record High Amid MetaPlanet Frenzy

By James Van Straten (All times ET unless indicated otherwise) The bitcoin bulls remain firmly in the driver's seat. The largest cryptocurrency achieved a record daily close on Tuesday at $106,830, extending its robust upward trajectory with minimal setbacks. This puts the previous all-time high of just over $109,000, reached on Jan. 20, within striking distance. The significant price movement has substantially boosted bitcoin-leveraged equities, with Japan's MetaPlanet (3350) being a notable standout. Its stock has skyrocketed by 160% in 2025 alone, while Strategy (MSTR), a prominent bitcoin buyer, has seen a 44% increase. MetaPlanet has consistently hit Japan's daily limit-up threshold within minutes of the market opening, effectively halting upward trading for the day. This has fueled what appears to be a slow-motion short squeeze. Speculation surrounding MetaPlanet's aggressive bitcoin accumulation, as indicated by metrics like Days to Cover mNAV, is driving investor fervor. However, CEO Simon Gerovich recently posted on X that MetaPlanet is now the most shorted stock in Japan, with 25% of outstanding shares held short. Meanwhile, macroeconomic conditions are adding to the complexity. Japanese bond yields are surging, with the 30-year yield climbing above 3.1% and the 10-year yield surpassing 1.5% – the highest since 2008. In the U.K., inflation has unexpectedly risen to a 15-month high, pushing the 10-year gilt yield toward the critical 5% level. As bitcoin approaches new heights amid rising global yields and persistent inflationary pressures, markets are entering a phase of heightened volatility that demands close attention. Remain vigilant! Key Events to Watch Upcoming Token Events Conferences Token Talk By Shaurya Malwa and Oliver Knight Derivatives Positioning Market Trends Bitcoin Statistics Technical Analysis Crypto Equities Performance ETF Flow Updates Spot BTC ETFs: Spot ETH ETFs Source: Farside Investors Overnight Flow Updates Chart of the Day While You Were Sleeping In the Ether