Bitcoin Sets New All-Time High Above $116.5K, Fueled by Institutional Demand
2025-07-11 04:03:26
Main Idea
Bitcoin has reached a new all-time high above $116.5K, driven by institutional demand, a historic supply squeeze, and strong market momentum.
Key Points
1. Bitcoin's price is consolidating around $116,500, with inflows to exchanges at their lowest since 2015, indicating reduced selling pressure.
2. Institutional demand, including strong ETF inflows and whale accumulation, has fueled the price surge.
3. Derivatives market activity has surged, with trading volume up 85% and open interest rising significantly.
4. Exchange inflows have dropped to 18,000 BTC per day, the lowest since 2015, creating conditions for sustained price growth.
5. Technical indicators, including an inverse head and shoulders breakout and a golden cross formation, suggest further upside potential.
Description
Bitcoin has smashed a new all-time high and is now consolidating its gains at the $116,500 level The rally is fueled by deep institutional conviction, including a massive $340 million leveraged long bet This is backed by a historic supply squeeze, with BTC inflows to exchanges at their lowest since 2015 Bitcoin is establishing a new foothold at a record all-time high, trading in a tight range around $116,500 on Friday morning. This period of consolidation comes after a powerful rally that set a ...
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