In the past 24 hours, according to analysis by Wu Blockchain, data from QCP and Binance shows that Bitcoin surged past $118,000, reaching intraday highs of $119,376. This comes during its seventh consecutive day of net inflows into Bitcoin ETFs, totaling over $1.03 billion on July 11 alone.
Analysts suggest the rally is driven by fiscal optimism in the U.S. and strong Wall Street positioning. At the same time, massive BTC outflows from exchanges — totaling $10 billion — indicate a shift toward long-term custody, tightening supply and reinforcing bullish momentum.
Coinbase and Binance have seen increased institutional activity. Coinbase, now the top Ethereum validator, is at the center of corporate interest, while Binance reports record volumes and growing ETF participation. Together, institutional flows, ETF demand, shrinking exchange reserves, and macro-optimism are pushing Bitcoin toward new all-time highs.
Current price according to Coinmarketplace (13/07/2025 03:30 -5GMT):
