Bitcoin's market is currently in a strong bullish phase, having just smashed through new all-time highs above $116,000 on July 10-11, 2025. This surge is primarily driven by relentless institutional demand, particularly through Bitcoin ETFs, which continue to absorb significant supply. Regulatory clarity in the US and a general pro-crypto sentiment are also providing tailwinds. Short sellers are facing massive liquidations, further fueling the upward momentum. While some minor profit-taking is observed, the overall sentiment remains overwhelmingly positive, with analysts eyeing $140,000-$150,000 as potential next targets. This indicates a maturing asset class gaining wider acceptance.
