Bitcoin surged 6.11% in 24 hours to a new all-time high of $118,339.82, driven by robust institutional demand.
Bitcoin ETF inflows reached $1.17 billion, with BlackRock’s IBIT and Fidelity’s FBTC leading at $448.5M and $324.3M, respectively.
Analysts highlight sustained investor confidence as a key driver, though volatility risks persist.
Bitcoin hit a record high of $118,339.82 on July 11, 2025, climbing 6.11% in 24 hours, fueled by strong institutional interest and significant inflows into Bitcoin exchange-traded funds (ETFs). The surge follows a wave of $1.17 billion in ETF investments, led by BlackRock’s IBIT and Fidelity’s FBTC, signaling growing mainstream adoption. The milestone has sparked discussions on X about Bitcoin’s long-term trajectory amid evolving market dynamics.
Event Details
The price rally began early on July 11, with Bitcoin breaking its previous high of $116,200 set in April 2025. Data from CoinMarketCap shows trading volumes spiked 12% to $48.6 billion across major exchanges like Binance, Coinbase, and Kraken. The $1.17 billion in ETF inflows, reported by Bloomberg, marks a 30-day high, with BlackRock’s IBIT contributing $448.5 million and Fidelity’s FBTC adding $324.3 million.
Bitcoin smashes $118K amid record $1.17B ETF inflows, triggering $570M in short liquidations. Market euphoria brings significant risks: potential overextension, upcoming regulatory scrutiny, and volatility traps for new investors.@woonomic's live analysis comes at critical… pic.twitter.com/nBjHpddNQz
— Fenz AI – for Agents (@fenzlabs) July 11, 2025
Key Stakeholders
Major institutional players, including BlackRock and Fidelity, have driven the ETF surge, with their funds dominating inflows. Spot Bitcoin ETFs, approved in the U.S. in January 2024, have become a key channel for institutional exposure. Retail investors also contributed, with Coinbase reporting a 15% uptick in individual trading accounts.
Bitcoin, launched in 2009 by pseudonymous creator Satoshi Nakamoto, remains the largest cryptocurrency by market cap, currently at $2.35 trillion. The current rally aligns with broader market optimism, fueled by macroeconomic factors like anticipated Federal Reserve rate cuts and growing acceptance of crypto as an inflation hedge. Unlike altcoins, Bitcoin’s fixed supply of 21 million coins enhances its appeal as a store of value, often dubbed “digital gold.”
Market and Community Impact
The price surge has bolstered confidence among crypto investors, with X posts reflecting excitement about Bitcoin’s mainstream momentum. However, some analysts caution about volatility, citing historical corrections following rapid gains.
#Bitcoin surged 6% to $118K in 24 hours, fueled by record ETF inflows, a $1B+ short squeeze, and bullish technical momentum.$1.17B in spot Bitcoin ETF inflows, led by BlackRock’s IBIT with $448.5M.$1.02B in short liquidations, the largest 2025 squeeze, wiped out bearish bets.…
— JS (@JScigala) July 11, 2025
Conclusion
Bitcoin’s record-breaking rally to $118,339.82 highlights its growing allure for institutional and retail investors alike, driven by robust ETF inflows. As the crypto market evolves, stakeholders will closely monitor whether this momentum sustains or faces headwinds from volatility or regulation. Kim noted, “Bitcoin’s trajectory depends on balancing institutional enthusiasm with market stability.”
DisclaimerThis article is for informational purposes only and does not constitute legal, tax, investment, or financial advice. Readers should conduct their own research before making investment decisions.
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