#套利交易策略 **Bitcoin Hits New High, Surpassing $117,000**

On July 11, 2025, the price of Bitcoin continued to rise, with a daily increase of over 5%, reaching a peak of **$117,000**, setting a new historical record. This surge was mainly driven by **institutional capital inflow, expectations of Federal Reserve interest rate cuts**, and **short covering**, with the liquidation amount within 24 hours reaching **$318 million**. Market sentiment is optimistic, and analysts expect that if the macro environment is favorable, Bitcoin may challenge the **$120,000-$130,000** range. However, short-term technical indicators show overbought risks, and investors should be wary of increased volatility.