Bitcoin reached an intraday high above $116,000 on October 27, 2025, settling near $115,587 as Ethereum approached $4,200 and Solana crossed $200. The rally followed easing selling pressure and favorable macroeconomic developments, with on-chain data showing spot and futures cumulative volume delta flattening for the first time since the October 10 sell-off. The advance triggered approximately $365 million in short liquidations across derivatives markets, affecting over 100,000 traders.