Bitcoin is buying and selling above $116,000 (+4.3%) after breaking previous $113,800 on Thursday, setting a brand new all-time excessive for the second day in a row. It’s now gained greater than 108% over the previous yr, up from round $56,000 this time in 2024.
Institutional involvement stays the principle driver. July has already seen internet Bitcoin ETF inflows cross the $50 billion mark—a file tempo. Companies proceed so as to add BTC to their steadiness sheets, and acquainted names are nonetheless shopping for extra.
Two issues stand out: worth motion is breaking resistance, and massive gamers are nonetheless shopping for, which has merchants asking a well-recognized query: what occurs subsequent?
Over $1 Billion Liquidated in 24 Hours, Principally From Brief Sellers
Greater than $1 billion in leveraged positions, and over 200,000 orders have been liquidated over the previous 24 hours, based on CoinGlass.
As Bitcoin surged larger, overleveraged shorts started to unwind shortly, boosting the momentum of the worth transfer. Within the final 24 hours alone, over $950 million in leveraged quick positions throughout all belongings bought worn out, the most important each day quick liquidation this yr.
Supply: CoinGlass
For extra: Why Is The Crypto Market Up Right now?
Company Bitcoin holdings continue to grow
Institutional shopping for hasn’t slowed down. It’s been selecting up. The whole quantity of BTC held by public firms has now topped 847,000 BTC, value round $91 billion at present costs.
In Q2 2025 alone, firms added over 159,000 BTC to their holdings, equal to roughly $17 billion.
That’s a staggering quantity by any measure and displays how company conviction in Bitcoin isn’t simply sticking round — it’s rising.
Supply: BitcoinTreasuries.Internet
Crypto Week Is Coming
Past the sturdy capital flows, subsequent week is shaping as much as be an enormous one for crypto on the coverage entrance. The Home Monetary Providers Committee has formally dubbed July 14–18 as “Crypto Week,” following President Trump’s push to make the U.S. the worldwide capital of crypto.
A number of main payments are scheduled for evaluate, together with – The CLARITY Act, geared toward crypto infrastructure – The Anti-CBDC Surveillance Act, pushing again in opposition to state-controlled digital currencies – The GENIUS Act, targeted on regulating stablecoins
It’s uncommon to see this a lot legislative deal with crypto in such a brief window, so all eyes shall be on Washington subsequent week.
Subsequent week, the Home will ship on @POTUS‘ name to make the USA the crypto capital of the world. pic.twitter.com/T7lRm2Ux05
— Monetary Providers GOP (@FinancialCmte) July 10, 2025
What’s Subsequent for Bitcoin?
A mixture of technical breakouts, regular inflows from establishments, and supportive macro components has put Bitcoin ready the place additional upside appears potential, particularly because it retains testing and breaking previous earlier highs.
Supply: Polymarket
On Polymarket, the main prediction market platform in crypto, merchants are displaying clear optimism: 46% imagine Bitcoin will attain $120,000 someday in July, and 10% are even betting on a transfer to $130,000 inside the identical month.
Supply: Kalshi
On Kalshi, bettors are predicting that Bitcoin may hit $145,000 by the top of the yr. In response to Kalshi, this forecast is predicated on costs from latest trades posted on the platform’s order board. Listed here are a few of the high publicly listed firms holding Bitcoin of their treasuries, based on BitcoinTreasuries.internet.
For extra: Bitcoin Value Prediction: Can BTC Hit $190K within the Coming Months?
