Bitcoin Reaches New All-Time High
On July 11, 2025, Bitcoin achieved a new all-time high of over $118,000, marking an impressive rally for the world’s largest cryptocurrency. Within 24 hours, Bitcoin surged approximately 6.5% to this value after lingering below the previous record price of just under $112,000 for weeks.
Institutional Demand Drives Rally
A key driver of this rally is the massive institutional demand. Alone on the Thursday before the record day, around $1.18 billion flowed into US Bitcoin ETFs. This marked the second-highest daily inflow since their inception in January. This movement is understood as a structural change, with more and more companies, like MicroStrategy, viewing Bitcoin as a strategic asset. Additionally, access to regulated ETFs makes it easier for institutional investors to enter the market.
Ethereum on the Rise
Alongside Bitcoin, Ethereum is also benefitting from this upswing. The second-largest cryptocurrency surpassed the $3,000 mark for the first time in a long time and gained about 8.5% in a single day.
Short Positions Under Pressure
The strong price movement of Bitcoin and Ethereum is also putting many short sellers under pressure. Over $636 million in short positions were liquidated, further amplifying the momentum.
These developments are significant not only for investors as they reflect the confidence of large investors in cryptocurrencies but could also send potentially positive signals for other digital assets and the traditional financial market.
With the expectation of possible interest rate cuts in the US, the crypto market could also gain attractiveness and experience further capital inflows. All signs suggest that Bitcoin will continue its record chase and may soon even reach the psychologically important threshold of $120,000.