BTC is soaring! $118,000 is just the appetizer, $130,000 is within reach, is the bull run climax approaching?

On July 11, Beijing time, the crypto world was completely shaken! Bitcoin soared like a wild horse, with its price skyrocketing to $118,865, a daily increase of over 6%, setting a new historical record! This is not only the strongest surge since the Bitcoin halving in 2024 but also made the prediction of "$130,000" go from an unattainable fantasy to something within reach. In no time, global capital rushed into the crypto market, and three major positive factors are driving this bull run to an unprecedented epic climax!
1. Institutional Accumulation: BlackRock Leads the "Coin Hoarding Battle"
A staggering set of data: BlackRock's Bitcoin ETF (IBIT) has broken through a holding of 700,000 BTC, with a total value exceeding $75.5 billion! On July 10 alone, the U.S. spot Bitcoin ETF saw a net inflow of $1.176 billion, with crazy buying for six consecutive days! Even more astonishing is that the number of listed companies holding Bitcoin continues to grow, now reaching 125, with 46 new companies added this quarter, accumulating a total holding of 847,000 BTC, a month-on-month increase of 60%!
The logic behind it is clear: traditional capital is no longer hesitating; from pension funds to family offices, they all view Bitcoin as "digital gold." The annual management fee revenue of BlackRock's IBIT even surpasses that of the S&P 500 ETF, which directly ignited Wall Street's "fear of missing out (FOMO)" sentiment.
Morgan Stanley sends a key signal: if short positions continue to be closed (currently, the short ratio is still as high as 42%), the market is likely to trigger a "short squeeze" effect, and the price of Bitcoin will be pushed directly to $135,000!
2. Policy Easing: Global Regulations Are Starting to Show a "Green Light"
Hong Kong takes the lead, on August 1st, the "Stablecoin Regulation" officially came into effect, compliant stablecoins will be able to connect to the traditional financial system, thoroughly opening the channel between fiat currency and the crypto world!
The EU is also not idle; the "Crypto Assets Market Regulation Act" defines Bitcoin as a "commodity-type asset," clarifying its property rights attributes and clearing legal obstacles for institutional entry.
The United States is especially the main event. Next week, the three major bills "GENIUS Act", "CLARITY Act", and "Anti-Central Bank Digital Currency Surveillance Act" will be reviewed simultaneously! Once passed, the United States will become the first country to legislate for stablecoins and privacy coins, and the certainty of regulation will attract trillions of dollars into the market!
Analysts are speaking out, with Matrixport stating: "The policy bearishness has run its course, and funds are shifting from a wait-and-see approach to a major offensive!"
3. Technical breakout: Halving combined with short liquidation
On the supply side, after the Bitcoin halving in April 2024, the daily production will sharply decrease from 900 BTC to 450 BTC, while institutions are buying over 100,000 BTC each month, leading to an increasingly serious supply-demand imbalance!
The bears have suffered a brutal massacre, with 119,700 liquidations occurring within 24 hours, amounting to a liquidation value of up to $541 million, of which short positions accounted for 89%! A vicious cycle of "price increase - short covering - further price increase" has formed, and the technical aspect shows a "short squeeze breakout."
On-chain data also speaks volumes, with the number of non-zero addresses surging and the outflow from exchanges far exceeding the inflow, indicating that long-term holders are "locking up" their assets, further reducing the circulating supply in the market.
130,000 USD, is it a peak or a new starting point?
Standard Chartered boldly predicts that Bitcoin could surge to $135,000 in the third quarter and may reach $200,000 by the end of the year! Bitwise's CIO has even called out an aggressive target of "$200,000 by year-end." However, risks cannot be ignored—Trump's tariff policies, the Federal Reserve's rate cut pace, and on-chain security incidents (such as GMX exchange being hacked for $42 million) could all trigger short-term market volatility.
Finally, it must be reminded that today's surge of Bitcoin is no longer a simple "gamblers' game", but an "asset allocation revolution" led by institutions! When giants like BlackRock come into play, and global policies back crypto assets, $130,000 may just be a halftime break in this bull run. But please remember: leverage is a double-edged sword. The $541 million liquidation wave in 24 hours is enough to bring any overly greedy person back to square one overnight!
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