On July 11, 2025, Bitcoin reached a record-breaking $118,000, officially surpassing its previous all-time high of $111,970 set in May 2025. This milestone confirms what many in the crypto world have suspected for months—Bitcoin’s bull run is far from over.
Fuelled by a combination of institutional demand, favourable U.S. policy changes, ETF inflows, and macroeconomic alignment, Bitcoin’s price rally has caught global attention.
What’s Driving Bitcoin’s Massive Surge?
1. Record-Setting ETF Inflows
Spot Bitcoin ETFs have seen a tidal wave of investment activity in recent weeks. On July 10 alone, more than $1.18 billion flowed into U.S.-listed Bitcoin ETFs, marking the second-largest daily inflow ever.
Top contributors include:
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BlackRock’s IBIT, which now holds over 700,000 BTC (~$76B AUM).
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Fidelity’s FBTC also posted massive gains.
Cumulative 2025 ETF inflows now exceed $50 billion, giving institutional investors direct exposure to Bitcoin and boosting market credibility.
2. U.S. Regulatory Support and Adoption
Major U.S. policy developments have further strengthened market sentiment:
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The GENIUS Act created a clear framework for stablecoins, opening doors for crypto innovation and compliance.
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A U.S. Strategic Bitcoin Reserve was established by executive order in March 2025, signaling long-term faith in Bitcoin as a store of value.
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Trump Media’s ETF filings and pro-Bitcoin rhetoric from U.S. political leaders are pushing adoption into the mainstream.
3. Short Squeeze Triggers Further Acceleration
Over $1 billion in short positions were liquidated in the last 48 hours, driving rapid price spikes and panic exits from bearish traders. The largest single liquidation was an $88 million loss on HTX, underscoring the volatility of shorting BTC during a parabolic rise.
4. Macro and Tech Market Correlation
Bitcoin’s rise is aligning with broader tech market movements. As Nvidia hit a $4 trillion market cap and U.S. indices like Nasdaq and S&P 500 reach new highs, investors are rotating back into high-growth, high-risk assets—including crypto.
Bitcoin Price History: Milestones Leading to $118K
| Date | Milestone | Price |
|---|---|---|
| Dec 2024 | Breaks $100K for first time | ~$100,320 |
| May 2025 | Hits new ATH | ~$111,970 |
| July 2025 | Breaks $118K barrier | ~$118,403.89 |
What’s Next for Bitcoin?
Experts forecast more room for growth in Q3 2025:
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$120,000 is the next technical resistance level.
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Long-term predictions suggest a path to $135,000–$150,000, assuming consistent ETF inflows and supportive Fed policy.
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September’s potential rate cuts by the Federal Reserve could further devalue the dollar, making Bitcoin more attractive.
Key risks to watch include:
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Sudden regulatory shifts
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Profit-taking by large holders
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Macroeconomic surprises (inflation spikes, geopolitical issues)
Final Thoughts
Bitcoin’s breakout above $118,000 in July 2025 is more than just a price milestone—it’s a validation of crypto’s maturity, institutional trust, and long-term viability. With favorable regulation, deep liquidity, and expanding adoption, the world’s first cryptocurrency is entering a new era of relevance and growth.
Whether you’re a trader, investor, or observer, this moment marks a historic chapter in Bitcoin’s journey.
and then