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🚀 Bitcoin breaks through $118,869! Continuing to set new historical highs
According to CoinGecko data, on July 11, Bitcoin reached an intraday high of $118,869, and as of 15:15, it was reported at $117,592, with a 24-hour increase of 5.6%.
Market Dynamics:
1. Broad-based increase: Ethereum (+6.2%), Dogecoin (+16.5%), and other mainstream cryptocurrencies surged simultaneously, bringing the total market capitalization of cryptocurrencies close to $3.7 trillion.
2. Short squeeze: Over $318 million in short positions were forced to close within 24 hours, creating a cycle of "rise → close positions → rise again."
3. Institutional support: The U.S. spot Bitcoin ETF saw a net inflow of $1.176 billion in a single day, increasing holdings for six consecutive days; publicly traded companies increased their holdings by 159,000 Bitcoins in Q2, setting a historical record.
Risk Warning: The market greed index reached 71 (0-100), with $1.25 billion liquidated across the entire network in 24 hours, and short positions accounted for 89%, indicating increased volatility to be cautious about.
#BTC再创新高
According to CoinGecko data, on July 11, Bitcoin reached an intraday high of $118,869, and as of 15:15, it was reported at $117,592, with a 24-hour increase of 5.6%.
Market Dynamics:
1. Broad-based increase: Ethereum (+6.2%), Dogecoin (+16.5%), and other mainstream cryptocurrencies surged simultaneously, bringing the total market capitalization of cryptocurrencies close to $3.7 trillion.
2. Short squeeze: Over $318 million in short positions were forced to close within 24 hours, creating a cycle of "rise → close positions → rise again."
3. Institutional support: The U.S. spot Bitcoin ETF saw a net inflow of $1.176 billion in a single day, increasing holdings for six consecutive days; publicly traded companies increased their holdings by 159,000 Bitcoins in Q2, setting a historical record.
Risk Warning: The market greed index reached 71 (0-100), with $1.25 billion liquidated across the entire network in 24 hours, and short positions accounted for 89%, indicating increased volatility to be cautious about.
#BTC再创新高
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