Bitcoin has officially shattered its previous all-time high, trading as high as $119,292 on July 13, 2025, driven by powerful institutional inflows, supply constraints, and favorable U.S. crypto policy developments Binance+1Binance+1Barron's+3Cointelegraph+3Binance+3.


šŸ“ˆ Market Highlights

Reached ATH above $119K, up ~5ā€“6% in the past 24 hours on strong ETF momentum .

Massive liquidation of short positions triggered by a squeeze, as traders unexpectedly covered billions in bets MarketWatch.

On-chain data shows long-term holders accumulating, while Binance inflows hit multi-cycle lowsā€”signaling declining sell pressure The Australian+8BeInCrypto+8The Currency analytics+8.

šŸ› Drivers Behind the Surge

ETF Growth & Institutional Demand: ETFs continue to pour billions into Bitcoin, fueling demand and lifting trust in crypto as an institutional asset class The Economic Times+3Moneyweek+3Binance+3.

Pro-Crypto U.S. Policy: The Trump administrationā€™s executive order establishing a Strategic Bitcoin Reserve and crypto-friendly leadership appointments have boosted confidence and long-term narrative Wikipedia+2Wikipedia+2The Australian+2.

Onā€‘Chain Supply Shock: A growing gap between holder accumulation and new issuance is tightening supply, arguably paving the way for further upside toward $120K and beyond CoinDesk+15BeInCrypto+15The Currency analytics+15.

šŸ”® Whatā€™s Next?

Analysts anticipate potential for Bitcoin to breach $120K by end of July or early August, citing ETF volume, legislative momentum, and Fed rate cut expectations .

If $BTC clears the $119Kā€“$120K zone, the path toward $130Kā€“$140K opens; otherwise, the price may consolidate or retest support around $114Kā€“$115K Cointelegraph.



āœļø Suggested Square ā€œWrite to Earnā€ Post

šŸš€ #BTCBreaksATH on @Binance

Bitcoin just crossed a jaw-dropping $119K ATH on Julyā€Æ13, 2025! Institutional ETF flows are skyrocketing, long-term holders are stacking, and U.S. government policyā€”the Strategic Bitcoin Reserveā€”is strengthening the institutional narrative. Shorts are getting squeezed, exchange supplies are drying up, and on-chain metrics show investors betting on higher highs.

Will $BTC hit $120K next? Analysts say itā€™s likely. If so, targets like $130Kā€“140K come into view. But with volatility ahead, a retest of $114Kā€“115K remains possible.

Whatā€™s your take ā€” šŸš€ breakout to $130K+, or pulling back into consolidation? Share your forecast! #Bitcoin #Crypto #Investing

#BTCBreaksATH :Bitcoin Smashes New Record Above $119K