Carlosmartinhs
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#BTCBreaksATH Today, Friday, July 11, 2025, Bitcoin reached new all-time highs, surpassing $118,000, with an intraday peak of $118,856 before stabilizing around $117,300 USD. This bullish momentum is being driven by massive inflows into spot Bitcoin ETFs — including a record $1.18 billion in a single day — and a favorable U.S. policy, led by the approval of the GENIUS Act and regulatory momentum under the Trump administration.
A strong 'short squeeze' also stands out, eliminating over a billion in short positions. Institutional appetite continues to grow: year-to-date, ETFs have received around $51 billion in net inflow. Additionally, the overall cryptocurrency market has grown more than 4% on the day, nearing $3.7 trillion, with Ethereum rising approximately 6% and XRP over 12%.
In summary, the day shows great optimism: record price, multimillion-dollar flows, positive regulatory environment, and increasing dominance in the overall crypto market.
A strong 'short squeeze' also stands out, eliminating over a billion in short positions. Institutional appetite continues to grow: year-to-date, ETFs have received around $51 billion in net inflow. Additionally, the overall cryptocurrency market has grown more than 4% on the day, nearing $3.7 trillion, with Ethereum rising approximately 6% and XRP over 12%.
In summary, the day shows great optimism: record price, multimillion-dollar flows, positive regulatory environment, and increasing dominance in the overall crypto market.
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