$BTC Bitcoin has surged to a new all‑time high, hovering around $118,800 as of July 11–12, 2025. Institutional demand is fueling this rally: spot Bitcoin ETFs posted over $1 billion in inflows on two consecutive days, with cumulative 2025 inflows estimated at $50+ billion. This momentum triggered a major short squeeze, liquidating more than $1 billion in short positions. Supportive U.S. policy, including crypto-friendly legislation and Trump’s executive order to establish a Strategic Bitcoin Reserve, has boosted confidence. Investors and analysts now anticipate further gains, with price targets up to $140,000 later in the year. 

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