🚀 Bitcoin first breaks $120,000! Is the sixth largest asset in the world aiming for $200,000?
—— Real-time market situation and in-depth analysis on July 14 —
💥 Latest market dynamics
Historical high: As of today (July 14), Bitcoin has first surpassed $120,000, with Bitstamp quoting at $121,448 (24-hour increase of 1.94%).
Shorts face a major defeat: In the past week, Bitcoin surged nearly 10%, triggering the largest scale liquidation this year — over $1 billion in short positions liquidated within 24 hours, affecting over 237,000 traders, with the largest single liquidation reaching $88.5 million.
Market cap peaks: Bitcoin's total market cap skyrocketed to $2.34 trillion, surpassing silver to become the sixth largest asset in the world, only behind giants like gold, Nvidia, and Apple.
🔥 Core drivers of the surge
Institutions are buying heavily:
Daily inflow into US Bitcoin ETFs sets a record ($1.18 billion on July 10), with a net inflow exceeding $3.7 billion over seven consecutive days.
Companies like Tesla and MicroStrategy continue to increase their holdings, with the cumulative management scale of ETFs exceeding $50 billion.
Frequent policy benefits:
The US Congress has designated this week as “Cryptocurrency Week,” planning to review key legislation such as the “Genius Act” and the “Clarity Act” to establish a regulatory framework for stablecoins and digital assets.
The Trump administration accelerates the promotion of a “crypto strategic reserve,” appointing several pro-cryptocurrency officials.
Macro environment assists:
The US dollar index falls below 100, expectations for Federal Reserve interest rate cuts rise, and gold simultaneously hits a historical high ($3,370/ounce).
The Trump family business enters the scene, planning to launch a cryptocurrency ETF.
⚠️ Risk warning
Short-term volatility: After reaching new highs, there may be profit-taking, and one should be wary of policy changes before the trade agreement deadline on August 1.
Black swan events: Geopolitical conflicts (Middle East situation), US debt default risks, and inflation rebound could reverse the upward trend.
Retail participation cools: From late June to early July, global search volume only increased by 8%, with retail enthusiasm lagging, which may affect sustained momentum.
📌 Interactive area
What do you think about the year-end target price? Is $200,000 conservative? Or is it a bubble warning?
Stay in or exit? Feel free to share your trading strategy!
