“On the night of July 14, Bitcoin updated the historic maximum, overcoming $ 120,000. Since the beginning of the month, the price increased by 13%. BTC/USD graph at Binance. Source: TradingView a key role in rally is played by institutional investors. The assets under the control of the Bitcoin-ETF IBIT from Blackrock exceeded $ 84 billion. This result reached the Fund in 200 trading days-at 5 […]”, – WRITE: Businessua.com.ua
On the night of July 14, Bitcoin updated the historic maximum, overcoming $ 120,000. Since the beginning of the month, the price increased by 13%.
BTC/USD graph at Binance. Source: TradingView
Institutional investors play a key role in rally. The assets under the control of the Bitcoin-ETF IBIT from Blackrock exceeded $ 84 billion. This result reached the Fund over 200 trading days-5 times faster than GLD.
At the time of Bitcoin publication, $ 122 110 (+3.6% per day) is traded, according to Coingcko.
Bloomberg Intelligence Analytist Eric Balchunas said IBIT became the “fastest” ETF that crossed the $ 80 billion mark:
$ IBIT BLEW THRUGH The $ 80b Mark Last Night, Fastest etf to get there in 374 days, About 5x Faster than the Previous Record, Held by $ Voo, Wich Did IT in 1.814. ALSO AT $ 83B IT’S NOW 21ST BIGGGEST ETF Overall .. Via @Jackiwang17 Pic.twitter.com/a0luvfesek
– Eric Balchunas (@ericBalchunas) July 11, 2025
Since April, the total rate of funds in Bitcoin-ETF in the United States amounted to $ 16.2 billion.
Data: Sosovalue
Macroeconomic and Macroeconomics factor The market responds positively to the expectation of cryptotic results in the United States. Clarity Act and Genius Act are discussed, which have to normalize digital assets and stablcoins.
Marcus Tilen with 10x Research stated that bitcoin has become a technological asset into macro -financial – protection against increasing US budget deficits and debt.
“Bitcoin became the main line of defense along with gold. It is no longer seen as a blockchain solution, ”he said.
Onchin metrics According to Glassnode, the NUPL rate for long -term holders is 0.69 – below “euphoria zone” (0.75). In the previous cycle, the market was above this mark of 228 days, now – only 30.
While $ BTC HAS MADE A NEW ATH ABOVE $ 118K, Long-Term Holder Net Unrealized Profit and Loss (Nupl) Remains Below The Euphoria Zone, Currently At 0.69. This Cycle Has Seen Just ~ 30 Days Above the 0.75 Threshold, Compared to 228 Days in the Previous Cycle. pic.twitter.com/qfeubmk7R3
– Glassnode (@glassnode) July 11, 2025
The average number of transactions per day has increased to 364,000, but remains lower than the peak values of 2023-2024.
Over The Past Two Days, The Daily AVERAGE NUMBER OF TRANSACTIONS IN THE NETWORK HAS INCREASED BY 24K The 340K Mark to 364k. The Current Level of 364k Transactions Still Significantly Lags Behind The 2023-2024 Peaks (530K-666k).
Essentally, Holders Are Reacting Calmly to… pic.twitter.com/v6rrrxgh9le
– Axel 💎🙌 Adler Jr (@axeladlerjr) July 11, 2025
Axel Adler analyst – the younger emphasized that the lack of mass sales enhances the technical picture.
According to Cryptoquant, the hole addresses have increased the volume of BTC storage to 250,000-from 2024.
Source: Cryptoquant
Analytics forecasts Rachel Lucas expects to grow up to $ 125,000-128,000 in the near future. COO BTSE Jeff May predicts $ 125,000 for 1–2 months.
OSL Juzhin Chung does not exclude lifting up to $ 150,000 by the end of the year. CEO LEDN John Glover considers the target $ 136,000 by December 2025.
“I expected this in 2026, but the current pace is indicating this year’s achievement this year,” Glover said.
Recall Bitcoin completed the second quarter by 30%growth, Ethereum – by 36%.
The gun
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