$BTC Bitcoin (BTC) continues strong in its bull trajectory in July 2025, reaching new records for two consecutive dates—breaking $113,800 and hitting peaks of up to $116,483 (). The main driver of this rally is institutional flows: spot ETFs recorded record inflows, with over $7.1 billion in a week and increasing participation from major players like BlackRock and Fidelity . The scarcity of BTC available on exchanges and the activation of large dormant wallets ("satoshi-era" wallets) reinforce the supply scarcity (). Analysts project that if the technical structure remains solid, BTC could rise to $140,000–200,000 by the end of 2025 .