📉 Driven by the growing adoption by businesses, pro-crypto policies, and massive institutional inflows, the $BTC has surpassed $118K to reach a new ATH

Let's examine the key drivers and implications of this growth 🧵 👇

The rise is mainly fueled by record inflows into spot Bitcoin ETFs.

This includes a massive amount of $1.18 billion on Thursday, the largest single-day inflow since November

2024.

Total net inflows now exceed $51 billion, with 83% of all crypto product inflows going to the #Bitcoin

While the $ETH and most major tokens followed the rise, this breakout triggered the largest short squeeze of 2025 so far.

Over the last 24 hours, more than $1.13 billion in short positions have been liquidated, affecting over 237,000 traders who were betting against the rise.

Now, all eyes are on the "crypto week" at the U.S. House of Representatives, where two major bills will be examined:

- CLARITY Act (Establishes clear rules for digital assets)

- GENIUS Act (Regulates the issuance of

stablecoins)

Major regulatory moves like these could sustain the momentum.