Bitcoin – How $1.18B in ETF inflows could push BTC’s price higher
2025-07-11 15:03:23
Main Idea
Bitcoin reached a new all-time high of $118K, driven by significant ETF inflows and institutional demand, with potential for further price increases if inflows continue.
Key Points
1. Bitcoin hit a new all-time high (ATH) of $118K, supported by strong ETF inflows and demand from treasury firms.
2. U.S. spot ETFs attracted $1.18 billion in daily inflows on July 10, contributing to a monthly demand of $2.3 billion.
3. BlackRock’s IBIT led the ETF demand with $448.5 million in inflows, followed by Fidelity’s FBTC at $324.34 million.
4. Analysts project that continued ETF inflows could push Bitcoin’s price to $120K or higher, with bullish options bets targeting $130K.
5. CryptoQuant noted a slight increase in miner selling pressure, with a potential for heightened sell-off if the Miner Position Index (MPI) rises further.
Description
Selling pressure from miners increased slightly as BTC hit a new ATH.
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