Important collection restaurants
- BTC has printed consecutive new highlights for the past 48 hours, with the latest $ 118.4k. A crypto VC has projected that this could be the start of a springboard up to $ 150k $ 180k range.
Bitcoin [BTC] Did $ 11k added this week, a 10% run that pushed it to a record high on 11 July on the Binance Exchange.
Source: BTC/USDT, TradingView
Market data showed that the revival was fed by a huge short squeeze and was stimulated by record intake of US Spot BTC ETFs (Exchange Trade Fund). And analysts still expected more growth.
Make a note of Bitcoin -Liquidatie
The Middle Week rally started with a short squeeze after a huge wipeout of lever solution short positions that stacked above $ 111k and extended to $ 115k In recent days.
These speculators gambled on muted price promotion and potential BTC racement. But they were wrong and were burned.
Such liquidity pools on the derivatives always cause a liquidity hunt and act as a price magnet.
Coinglass facts showed that positions of more than $ 1.2 billion in the last 24 hours were liquidated over the markets.
And BTC was good for $ 655 million, with bears with a loss of $ 635 million.
In fact, on an aggregated base, BTC Trader Byzantine General noted That this was a record liquidation in recent years.
In other words, this was a strong bullish cue for BTC on the Derivatenmarkt.
Source: X
ETF -Inflow, low -selling pressure
Although the spot market had shown a small demand contraction lately, a renewed institutional appetite BTC has stimulated further.
On July 10, ETFs saw $ 1.18 billion in the daily intake, the second largest since their debut.
Source: SOSO value
Ported together, the lift-off of the short squeeze and extra fuel from ETFs extend the revival to $ 118k.
Cryptuquant too marked Another catalyst for the bull run – a muted sales pressure on the spot markets.
Unlike the Q2 bouncing from $ 75k to $ 100k, which attracted an elevated sales pressure, this mid -week saw no remarkable peak from sellers.
Source: Cryptuquant
The exchange rate of the exchange follows the total incoming BTC delivery of custodiale portfolios with the intention of loading at centralized fairs.
In fact, compared to the Q4 2024 BTC price punch that attracted 81k BTC in the sale, the current pump saw the pressure further to 18k BTC.
As expected, the outbreak has seen new BTC prize calls in the medium term. Charles Edwards, founder of Crypto VC Capriole Investments, projected That BTC could extend the rally to $ 150k $ 180k in H2 2025.
“I tend to a large new price extension trend that starts here, with a profit of 50-70% compared to the next 6 months as a reasonable basic case for me based on the data I am looking at. That would take us to $ 150-180k.”
He added that his projection would be weakened if BTC drops below $ 110k and is invalid if it drops below $ 105k.