Bitcoin has just broken the 114,000 USD mark, with many traders betting that the price will reach 120,000 USD before the end of the month.
This growth is driven by capital inflows from institutions and political expectations, extending a strong bullish trend since the beginning of the year. Long-term options are also leaning towards higher milestones this year.
MAIN CONTENT
The price of Bitcoin reached a new record thanks to institutional capital inflows and positive political expectations.
The liquidation of the largest short positions since the beginning of the year has helped reinforce the upward trend.
Mr. Trump and large corporations contribute to boosting confidence in the Bitcoin market.
What is driving the strong price increase of Bitcoin?
CEO Chris Newhouse of Ergonia, a DeFi trading company, stated that this price surge occurred after the largest short liquidation event since May 7, with approximately 447 million USD liquidated.
The price surge to a new peak occurred after the largest short liquidation event since May 7, when approximately 447 million USD in positions were forced to close. The market 'punished' overly aggressive short sellers.
Chris Newhouse, Head of Research at Ergonia, July 2025
Short liquidations slowed down as Bitcoin surpassed 112,000 USD, with only an additional 76.5 million USD liquidated in the next 12 hours. Data from Coinglass shows that long position investors still dominate. The positive funding rate in the futures market proves that capital is still flowing into long positions.
What is the role of politics and business in the rise of Bitcoin?
Positive comments from former President Donald Trump on the social network Truth Social have increased expectations for the government to ease regulatory pressure on cryptocurrencies, contributing to a surge in optimistic sentiment.
“Bitcoin reached new heights thanks to continuous demand from individual investors and companies hoarding cryptocurrency on their balance sheets.”
Mauricio Di Bartolomeo, CSO and co-founder of Ledn, 2025
Many companies are issuing stocks or bonds to hoard Bitcoin, making this cryptocurrency a representative asset for the public market. CEO Roshan Roberts of OKX US emphasized that Bitcoin is being viewed as a risk hedge amid escalating global trade tensions.
What are the forecasts for Bitcoin's outlook in the near future?
The market predicts that Bitcoin has a 76% chance of reaching 115,000 USD before the end of July, according to Polymarket. While the S&P 500 index has also increased by 30% since April, Bitcoin has emerged as the leader driving money into risk assets.
Factors Impacting Bitcoin Data/Key Figures Short Liquidation Help Push Prices Up Rapidly 447 million USD in positions liquidated, reduced to 76.5 million USD in 12 hours Political Expectations Increase Investor Confidence Statements by Donald Trump on Truth Social Corporations Hoarding Increased Market Demand Investments from crypto treasury companies
Frequently asked questions
How much has Bitcoin increased in price since the beginning of 2025?
Bitcoin has increased by about 20% in 2025 so far, according to market statistics.
How do major short liquidations impact Bitcoin's price?
The largest short liquidation since May 7 has wiped out over-leveraged short positions, creating a strong price rally for Bitcoin.
How does politics influence the cryptocurrency market?
Positive remarks from political figures can enhance confidence and boost investments in cryptocurrency.
How are businesses hoarding Bitcoin understood?
These companies issue stocks or bonds to buy and hold Bitcoin on their balance sheets as a strategic asset.
Is Bitcoin capable of reaching 120,000 USD in July?
According to Polymarket's predictions, the probability of Bitcoin hitting 115,000 USD in July is 76%, indicating that the potential to reach 120,000 USD is highly feasible.
Source: https://tintucbitcoin.com/bitcoin-vuot-114-000-usd-cuoc-120-000/
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