Categories: MarketsMenafn

Bitcoin Hits New Highs Above $118,000, Triggers Massive Short Liquidations

Bitcoin reached over $118,000 in early July 2025. This quick rise led to $1.1 billion in short position liquidations across crypto markets.

Short sellers faced heavy losses. They had bet on a price drop. The event points to a strong market turnaround. It fits patterns seen in earlier bull phases. Liquidations like this increase price swings.

Investor Funds Flow into Bitcoin ETFs

The rise links to new inflow from big players. Bitcoin ETFs saw large inflows. One report noted $294 million net inflow in late October 2024. This came during a streak of positive days. It shows an uptick in Bitcoin trust from institutions. BlackRock’s ETF alone got about $15 billion since January 2024. Other funds added billions too.

Why the interest? Bitcoin acts as a hedge against rising prices. Its limited supply appeals when money supply grows. ETFs simplify entry. No need to hold coins directly. This changes views on crypto. It moves from edge bets to standard assets. More inflows could steady the market long-term.

Signals from Market Charts

Charts support the upbeat mood. MACD points to firm upward force. It compares price averages. A cross above the signal line favors buyers. RSI stands at around 72 to 73. This level means overbought status. Prices rose too fast. A pullback might follow. Yet, the setup recalls old cycles. Bitcoin overheats then corrects before new peaks.

In past runs, such signs led to big gains. Now, they suggest strength with caution.

Outlook for Bitcoin Prices

Experts forecast higher levels. One analysis sees Bitcoin at $220,000 to $330,000 by end of 2025. It uses a 365-day SMA to extrapolate. This model follows a power law path. Bitcoin grows in set ways over time.

Not all agree. Factors like rules or economy shifts matter. Still, current trends back growth. The liquidation, inflows, and charts align for more ups.

Broader Market Effects

This surge affects the whole crypto space. Ethereum and others rose too. Liquidations hit $635 million for Bitcoin alone. Total crossed $1.1 billion. Bears suffered most. Bulls gained ground.

It challenges old ideas. Crypto once seemed just for speculation. Now, with Wall Street in, it gains respect. ETFs bring steady funds. This could reduce wild swings over time.

Yet, risks remain. Overbought signals warn of drops. Past cycles had corrections after highs. Traders must stay alert.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

Blockchain is booming again, and ETH and XRP holders are using InvroMining to increase their income

London, UK, 31st July 2025, ZEX PR WIRE, As a global leader in blockchain financial…

1 day ago

XRP Hot News: Sunny Mining Launches Cloud Mining Rewards Contract, Earning XRP Passive Income Daily

New York City, NY, 31st July 2025, ZEX PR WIRE, On-chain data shows that a single…

1 day ago

Don’t miss it! Find Mining, which is being targeted by Wall Street giants, is quietly changing the wealth landscape.

Making Crypto Mining Simple, Compliant, and Profitable for Everyone Los Angeles, California, 31st July 2025,…

1 day ago

From Institutions to Individuals: Cloud Mining Is the New Standard — BAY Miner Leads the Revolution

A New Era of Passive Crypto Income Has Arrived Florida, USA, 31st July 2025, ZEX…

1 day ago

Unlock Ripplecoin mining with XRP and earn daily income from major cryptocurrencies.

No hardware investment or specialized knowledge required. Simply activate Ripplecoin Mining with XRP and participate…

1 day ago

$1 Memecoin Hits 66.5% Diamond Hands Milestone – Second Only to SPX6900

London, United Kingdom, 31st July 2025, ZEX PR WIRE, The $1 memecoin has hit a…

1 day ago