$BTC **Bitcoin Hits New High, Surpassing $117,000**

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