Overview

• Bitcoin breached $116,000 for the first time, trading near $116,700 after setting back-to-back record highs on July 10.
• Spot Bitcoin ETFs recorded $1.2 billion in inflows today, reflecting surging institutional demand.
• More than $560 million in short positions were liquidated in under an hour as bullish momentum forced traders to cover.
• President Trump’s public appeals for Federal Reserve rate cuts and his strategic crypto reserve orders have strengthened the regulatory backdrop.
• Analysts project further upside toward $140,000 based on technical breakouts and a sustained risk-on equity environment.