Bitcoin has soared to brand‑new all-time highs, recently touching $123,000 on July 14 before settling around $122,000 . This record rally is driven by:
Massive spot ETF inflows, including over $2.7 billion in a single week and $1.2 billion in just one day .
A wave of short‑squeeze liquidations (~$570 million), triggering a supply shortage and fueling further gains .
Heightened optimism surrounding U.S. "Crypto Week" (July 14–18), with Congress debating regulatory clarity bills like the Genius, Clarity, and Anti‑CBDC Surveillance State Acts .$BTC