Bitcoin hits new ATH of $118K – Can 2025 take BTC’s price to $150K?
2025-07-11 08:05:43
Main Idea
Bitcoin (BTC) reached a new all-time high of $118K, driven by a short squeeze and record inflows from U.S. spot BTC ETFs, with analysts projecting further growth to $150K-$180K by H2 2025.
Key Points
1. Bitcoin added $11K this week, a 10% increase, fueled by a massive short squeeze and record inflows from U.S. spot BTC ETFs.
2. Over $1.2 billion in positions were liquidated in 24 hours, with BTC accounting for $655 million, mostly from bearish traders.
3. ETF inflows on July 10th reached $1.18 billion, the second-highest daily inflow, contributing to BTC's price surge.
4. Spot market sell pressure remained low during the rally, with only 18K BTC sold compared to 81K BTC during Q4 2024's price surge.
5. Analyst Charles Edwards projected BTC could reach $150K-$180K in H2 2025, contingent on maintaining support above $105K-$110K.
Description
The latest ATH saw a strong demand from institutions as bears got sidelined after a massive liquidation.
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