🚀 #BTCBreaksATH – What’s Going On? 🚀

On July 9, 2025, Bitcoin surged to a record high of $112,022, before pulling back to around $111,200 .

What’s fueling the surge?

1. Massive institutional ETF inflows: U.S. spot BTC ETFs crossed a cumulative $50 billion in inflows, with net inflows of $218 million on July 9. BlackRock’s IBIT led the charge.

2. Corporate treasury investments: Companies like Trump Media & Technology Group and GameStop have publicly announced Bitcoin treasury purchases.

3. Macroeconomic and geopolitical catalysts: A weakening U.S. dollar, upbeat tech market, and Fed hints towards rate cuts created positive risk-on sentiment. Trump’s tariff news triggered a short squeeze (~$200M–$209M liquidated), further lifting BTC

Result: Institutional capital, corporate demand, and technical triggers combined to drive this breakout.

If momentum persists, analysts are eyeing new targets around $120K–130K+ 💥