Bitcoin Nears New High as Supply Drains Rapidly, Suggesting Limited Availability: Samson Mow
2025-07-11 08:41:13

Main Idea
Bitcoin reaches a new all-time high of $118,403 amid strong market momentum and accelerating institutional demand, which is rapidly depleting supply and reinforcing scarcity.
Key Points
1. Bitcoin's price surged to $118,403, climbing over 6.6% in 24 hours, with an 'Omega candle' signaling strong buying pressure and market conviction.
2. Institutional investors, including Bitcoin treasury companies and ETFs, are aggressively acquiring BTC, tightening supply and driving appreciation.
3. Market influencers like Samson Mow and Michael Saylor highlight the unexpected magnitude of Bitcoin's price jump, expressing optimism for further milestones.
4. Bitcoin currently trades just below its peak at ~$117,850, with a projected $1,000,000 valuation as institutional inflows sustain upward momentum.
5. The rapid depletion of Bitcoin supply and institutional demand are key drivers of scarcity, intensifying competition and supporting bullish market trends.
Description
Bitcoin has surged to an unprecedented all-time high of $118,403, marking a significant milestone in the cryptocurrency market. The rapid depletion of Bitcoin supply, driven by institutional demand and ETF
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