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CryptoQuant explained the update of Bitcoin's historical maximum by the activity of a whale on Binance

CryptoQuant explained the update of Bitcoin's historical maximum by the activity of a whale on Binance

July 11, 2025

3 min

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CryptoQuant explained the update of Bitcoin's historical maximum by the activity of a whale on Binance. Main collage of the news.

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Nazar Pyrih

Author of the article

On July 11, Bitcoin updated its historical maximum, rising above $118,000.

CryptoQuant analysts recorded a sharp buying activity on Binance.

Santiment noted a decrease in the supply of the first cryptocurrency on exchanges.

On July 11, 2025, the price of the first cryptocurrency exceeded the mark of $118,000 for the first time. Experts from the platforms CryptoQuant and Santiment commented on Bitcoin reaching a new historical maximum.

CryptoQuant stated that the key factor for the sharp rise was the emergence of a large buyer on the cryptocurrency exchange Binance. Until this moment, traders from the USA on Coinbase played the main role in the price movement. Analysts emphasized that the purchase occurred synchronously with the breakthrough of the historical maximum, which may indicate the intention of institutional investors. Since the minimum on June 22, traders are in no hurry.