$BTC Record price: BTC surpassed 118,000 USD for the first time on July 11, unstoppable due to buying pressure in ETFs and positive regulatory signals.

Mass liquidations: Over 1 billion USD in short positions were liquidated in less than 24 hours.

Optimistic analysts: Katie Stockton anticipates new upward potential, projecting a target of ≈134,500 USD, based on cup & handle patterns and MACD.

Favorable macro environment: Factors driving the rally include expectations of rate cuts by the Fed, continuous flows into ETFs, and regulatory proposals like the GENIUS Act.