Bitcoin News Digest July 11, 2025
We Have Liftoff!
The past 24 hours have marked a pivotal moment for Bitcoin, with catalysts launching the asset into a new phase of price discovery. The market's explosive price action has moved beyond simple appreciation, driven by overwhelming spot demand, the unwinding of speculative leverage, and high-conviction trading volume.
Price Analysis: Shattering Records and Entering Uncharted Territory
Bitcoin has decisively shattered its previous all-time highs, embarking on a powerful rally that pushed its price above the $118,000 mark for the first time. Surging from around $111,000, Bitcoin established a new record high of $118,295 before a minor retracement, representing a significant gain of over 6% within a single day. This move began when Bitcoin broke through its previous peak of approximately $112,000 in May, signaling a new wave of momentum-focused investors.
Entering "price discovery" mode means Bitcoin is now trading in uncharted territory, where historical resistance levels are no longer valid. This technical condition often creates a self-reinforcing cycle, as the absence of overhead supply allows for more fluid upward movement, attracting further capital from trend-following strategies. While some profit-taking occurred, the price has shown resilience, consolidating at elevated levels, confirming a fundamental shift in market sentiment and structure.
The Fuel: A Massive $1 Billion Short Squeeze
A primary accelerator for this dramatic price ascent was a massive short squeeze that cascaded across cryptocurrency exchanges. An estimated $1.01 billion in short-seller positions were liquidated within a 24-hour period, affecting approximately 237,000 individual traders who were positioned for a price decline. This immense unwinding of bearish bets, including a single $88 million loss on HTX, served as rocket fuel for the rally. As persistent spot buying pushed the price through critical resistance, it triggered margin calls and automated stop-losses, forcing short sellers to buy Bitcoin at escalating prices to close their positions, creating a frantic wave of demand. This forced buying pushed the price even higher, liquidating more shorts in a classic feedback loop. While fundamental institutional demand was the underlying driver, the short squeeze was the explosive catalyst explaining the velocity and magnitude of the breakout.
Market Conviction: Trading Volume and Technical Indicators
The breakout was supported by a dramatic surge in trading volume, confirming strong market participation and conviction. Bitcoin's trading volume soared by 71% in the past day, significantly outpacing the 50% increase across the broader cryptocurrency market. This high-volume breakout is a classic bullish technical signal, indicating genuine, broad-based buying pressure. Bitcoin's market dominance has also remained firm at 66%, showcasing its continued leadership within the digital asset ecosystem.
Entering the "Banana Zone": A Parabolic Outlook
With Bitcoin now in price discovery, some market commentators suggest the asset is approaching the "Banana Zone". Coined by macro investor Raoul Pal, this term describes the parabolic phase of a Bitcoin bull run where prices rise so aggressively that the chart curves upward like a banana. This explosive part of the market cycle is typically fueled by FOMO, massive liquidity, and strong institutional buying pressure. Characteristics include almost vertical price action, a surge in altcoin prices, and intensified mainstream media attention.
The Institutional Mandate: Capital Flows Reach Fever Pitch
The current rally is fundamentally distinguished from previous cycles by the unprecedented scale and velocity of institutional capital entering the market. Regulated spot Bitcoin ETFs have unlocked a torrent of demand from traditional finance, confirming Bitcoin's transition to a mainstream, macro-financial instrument.
A Historic Influx: ETFs See Second-Highest Inflow Day
The spot Bitcoin ETF market witnessed a landmark event on July 10th, recording a staggering $1.18 billion in net inflows. This represents the second-highest single-day total since the products launched, signaling a dramatic acceleration in institutional allocation and acting as a key technical driver behind the price breaking out to new all-time highs. Major funds like BlackRock's IBIT ($448.5 million) and Fidelity's FBTC ($324.3 million) led the charge. This single-day event is part of a larger, sustained trend, with cumulative net inflows into U.S.-listed spot Bitcoin ETFs for 2025 officially surpassing the $51 billion mark. This $50 billion milestone is a profound achievement, cementing the U.S. ETF launch as the most successful in history and validating the thesis that these regulated products would open the floodgates for institutional capital, driven by strategic allocations from corporate treasuries, wealth managers, and institutional investors.
Wall Street Normalization: From Niche Asset to Portfolio Staple
Bitcoin's institutional embrace has reached the final stage of acceptance: normalization within the research departments of influential financial institutions. Global systemically important banks (G-SIBs) like Citigroup are now regularly including detailed, bullish analysis of Bitcoin in their flagship macro strategy notes, signaling to clients that the asset is not just investable but strategically vital. Citi's report highlights Bitcoin's unique properties, noting it "trades more like a physical commodity" and excels during periods of economic overheating when yields are rising. This nuanced, positive research helps educate and validate Bitcoin for institutional investors previously hesitant to engage.
The Next Wave: Financial Advisors Propose Radical Portfolio Shifts
A potentially larger, transformative wave of capital is building within the financial advisory channel. Influential financial advisors are advocating for a radical rethinking of traditional portfolio construction to include significant allocations to cryptocurrency. Ric Edelman, a widely respected financial advisor, has released research advocating for allocations ranging from 10% to 40% of a client's portfolio in digital assets, with Bitcoin as the foundational holding. His thesis posits that the traditional 60/40 stock-and-bond portfolio is obsolete in an era of higher inflation and longer life expectancies, and that crypto is essential for achieving returns for a secure retirement. Should this new model gain traction, it would unlock multi-trillion-dollar flows from millions of individual retirement and brokerage accounts, dwarfing current institutional ETF inflows. This underpins the most bullish long-term price predictions, with targets ranging from $500,000 to over $1 million per BTC by 2030.
The Corporate Treasury Revolution: A Global Phenomenon
Beyond financial markets, a deeper, more structural adoption trend is taking hold as public companies strategically shift treasury reserves into Bitcoin. This "Corporate Treasury Revolution" is expanding globally, becoming a sophisticated corporate finance strategy. An estimated 135 publicly traded companies now hold Bitcoin as a reserve asset. In the U.S., well-known names like GameStop (GME), Semler Scientific (SMLR), and Rumble (RUM) have begun adding Bitcoin to their balance sheets. The latter half of 2025 is expected to be a pivotal moment for this trend, with even large tech giants potentially establishing Bitcoin positions.
In a highly significant development, the French renewable energy technology company BOOSTHEAT (Euronext Growth: ALBOO) has formally announced a pivot to a Bitcoin treasury strategy, creating a dedicated subsidiary "Bitcoin Hold France" and securing initial funding to acquire Bitcoin. BOOSTHEAT explicitly referred to Bitcoin as the "new monetary reference asset" and a "store of value recognised by a growing number of financial institutions and companies". This signals the potential beginning of a much broader trend across Europe, further increasing the geographic diversity of corporate demand. Corporate adoption creates a powerful supply sink, as these holdings are typically long-term and effectively removed from tradable supply, amplifying the price impact of new demand.
Aggressive accumulators like Japan's Metaplanet continue to add to their holdings, recently accumulating another 2,205 BTC and targeting 210,000 BTC by 2027 (roughly 1% of total supply). Furthermore, new infrastructure is emerging to facilitate this trend, such as Jack Mallers' "Twenty One," a new capital markets firm backed by Tether and SoftBank, designed to help other companies seamlessly add Bitcoin to their balance sheets.
Foundational Strength: Network and Mining Sector Analysis
Underpinning these bullish market dynamics is the unwavering and growing fundamental strength of the Bitcoin network itself.
Network Security at All-Time Highs
The Bitcoin network's hashrate, a primary indicator of its health and security, stands at near-record levels, hitting 994.20 million Terahashes per second (TH/s) on July 10, 2025. This represents a staggering 85% increase in network security compared to the same period a year prior. This continuous rise signifies substantial, long-term capital investments by miners, reinforcing Bitcoin's core value proposition as a secure, immutable ledger for institutional investors. The mining difficulty has also hit all-time highs in recent months, reflecting this intense growth in dedicated hash power.
Public Miners Report Massive Expansion and Efficiency Gains
The publicly traded Bitcoin mining sector shows rapid expansion and consolidation:
CleanSpark (CLSK) achieved 50 EH/s of operational hashrate with entirely self-operated infrastructure, holding 12,608 BTC.
Riot Platforms (RIOT) reported 35.5 EH/s and holds one of the largest Bitcoin treasuries among public miners, with 19,273 BTC.
HIVE Digital Technologies (HIVE) doubled its hashrate to 12 EH/s in six months and plans to reach 25 EH/s by end of 2025.
Marathon Digital Holdings (MARA) remains the largest publicly traded miner by hashrate, with over 58 EH/s.
This hyper-growth is coupled with a focus on operational efficiency, as miners upgrade to next-generation machines for better profit margins. A notable strategic evolution is the pivot towards servicing the booming Artificial Intelligence (AI) industry. Bitcoin miners are leveraging their expertise in acquiring low-cost power and operating large-scale data centers to provide High-Performance Computing (HPC) services for AI applications. This synergistic move generates revenue from AI data centers, which often command higher earnings multiples (20-30x) compared to Bitcoin mining (3-5x), helping to fund further mining expansion and de-risk the business model.
Synthesis and Forward Outlook
The events of the past 24 hours are not an anomaly but an acceleration of deep, structural trends. Bitcoin is rapidly completing its journey from a speculative digital curiosity to a globally recognized, institutionally-held, and corporately-adopted macroeconomic asset. The market's decisive breakout into price discovery is the logical outcome of a powerful confluence of catalysts, each feeding into and reinforcing the others, creating a reflexive bull market fundamentally different from previous cycles.
This fundamentally altered landscape is reflected in increasingly bullish long-term price predictions:
Near-Term (2025): Analysts forecast consolidation before pushing towards $120,000 to $130,000, with more bullish scenarios extending to $200,000 by year-end.
Mid-Term (Cycle Peak): The stock-to-flow model suggests an average price target of $500,000 for the current cycle. Veteran investor Dan Tapiero projects a move to $180,000 within the next 12 months.
Long-Term (2030): Ric Edelman's models point to a $500,000 price by 2030. Cathie Wood of Ark Invest forecasts an even bolder $3.8 million per BTC by 2030, contingent on institutions allocating just over 5% of their portfolios.
As the market navigates this new phase, investors should closely monitor several key signposts that will determine the trajectory and velocity of the next market leg up:
ETF Flow Sustainability: Daily monitoring of spot Bitcoin ETF flows is crucial to see if recent billion-dollar-day momentum can be sustained.
Corporate Earnings Season: Upcoming quarterly earnings reports from public companies will be a critical venue for new Bitcoin treasury announcements.
The Macroeconomic Environment: Continued attention to signals from the Federal Reserve regarding potential interest rate cuts is warranted, as dovish monetary policy typically reduces the opportunity cost of holding non-yielding assets like Bitcoin.
In conclusion, the current market is defined by a convergence of fundamental strength, institutional validation, and corporate adoption. The powerful breakout to new all-time highs is not the end of a move, but rather the signal that a new, more mature phase of this bull market has begun. The unlocking of deep institutional capital pools suggests that the current price discovery phase may be in its early stages.
Key Citations
Bitcoin hits new all-time high above $117,000, spot BTC ETFs see nearly $1.2 billion in daily inflows amid 'increased institutional appetite' | The Block, accessed July 11, 2025, https://www.theblock.co/post/362134/bitcoin-sets-new-record-above-117000
Bitcoin breaks $117000 mark, reaches all-time high - India Today, accessed July 11, 2025, https://www.indiatoday.in/business/story/bitcoin-breaks-117000-mark-reaches-all-time-high-crypto-prices-ethereum-altcoins-rise-dogecoin-gain-2754173-2025-07-11
Bitcoin keeps soaring to new record highs, surpassing $118,000 - Anadolu Ajansı, accessed July 11, 2025, https://www.aa.com.tr/en/economy/bitcoin-keeps-soaring-to-new-record-highs-surpassing-118-000/3627784
Is Bitcoin Going to Surge in July? | The Motley Fool, accessed July 11, 2025, https://www.fool.com/investing/2025/07/11/is-bitcoin-going-to-surge-in-july/
This Financial Advisor Who Called Bitcoin's Rise Just Made Another Bold $500K Price Prediction - TradingView, accessed July 11, 2025, https://www.tradingview.com/news/financemagnates:830e08df0094b:0-this-financial-advisor-who-called-bitcoin-s-rise-just-made-another-bold-500k-price-prediction/
Bitcoin news today, Bitcoin price, Bitcoin share price | The Economic Times, accessed July 11, 2025, https://economictimes.indiatimes.com/news/bitcoin
Bitcoin Price Levels to Watch After Cryptocurrency Hits First Record High Since May, accessed July 11, 2025, https://www.investopedia.com/bitcoin-price-levels-to-watch-after-cryptocurrency-hits-first-record-high-since-may-11769503
Short liquidations hit $1 billion as Bitcoin trades at $118k - Mitrade, accessed July 11, 2025, https://www.mitrade.com/au/insights/news/live-news/article-3-951378-20250711
CoinDesk Bitcoin Price Index Gained 1.50% to $113416.55, All-Time Closing High — Data Talk | Morningstar, accessed July 11, 2025, https://www.morningstar.com/news/dow-jones/202507108538/coindesk-bitcoin-price-index-gained-150-to-11341655-all-time-closing-high-data-talk
What Is Bitcoin's “Banana Zone”? Will BTC Reach New ATH? - WazirX Blog, accessed July 11, 2025, https://wazirx.com/blog/what-is-bitcoins-banana-zone-will-btc-reach-new-ath/
This Bitcoin Pullback Mirrors 2017's Path To Parabolic Highs, Says Analyst - Mitrade, accessed July 11, 2025, https://www.mitrade.com/insights/news/live-news/article-3-761505-20250415
What Is Bitcoin Banana Zone: A Quick Guide - Tiger Brokers, accessed July 11, 2025, https://www.itiger.com/news/2514094092
Raoul Pal's Bitcoin Prediction: 'Banana Zone' for Potential High Returns | Bitget News, accessed July 11, 2025, https://www.bitget.com/news/detail/12560604384435
Banana Zone to Singularity: Analyzing Crypto's Upward Surge - OSL, accessed July 11, 2025, https://www.osl.com/hk-en/academy/article/banana-zone-to-singularity-analyzing-cryptos-upward-surge
BITCOIN TO $850,000? | Raoul Pal on the Banana Zone - YouTube, accessed July 11, 2025,
Altcoin “Banana Zone” Fizzles as Bitcoin Dominance and High Yields Stifle Rally, accessed July 11, 2025, https://cryptonews.com.au/news/altcoin-banana-zone-fizzles-as-bitcoin-dominance-and-high-yields-stifle-rally-129319/
Bitcoin ETFs Top $50 Billion in Inflows, Marking Institutional Breakthrough, accessed July 11, 2025, https://cryptodnes.bg/en/bitcoin-etfs-top-50-billion-in-inflows-marking-institutional-breakthrough/
What to Expect From Bitcoin and Crypto Markets in the 2nd Half of 2025 - Investopedia, accessed July 11, 2025, https://www.investopedia.com/what-to-expect-bitcoin-crypto-markets-second-half-2025-11762236
Bitcoin hits $116K: Do on-chain metrics signal more upside? - The Economic Times, accessed July 11, 2025, https://m.economictimes.com/markets/cryptocurrency/bitcoin-hits-116k-do-on-chain-metrics-signal-more-upside/amp_articleshow/122382540.cms
Top 10 Crypto Mining Companies in 2025, accessed July 11, 2025, https://www.ptinews.com/story/business/top-10-crypto-mining-companies-in-2025/2715342
Is Mining Still Profitable in July 2025? Crypto Miner Earnings Breakdown | by Viperatech | Jul, 2025, accessed July 11, 2025, https://medium.com/@viperatechuae/is-mining-still-profitable-in-july-2025-crypto-miner-earnings-breakdown-7475912a6064