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

On July 11, Beijing time, the crypto world went absolutely crazy! Bitcoin surged like a runaway wild horse, with its price skyrocketing to $118,865, a single-day increase of over 6%, breaking historical records! This is not only the strongest rally since the Bitcoin halving in 2024 but has also made the prophecy of "130,000 dollars" go from an unattainable fantasy to something within reach. In an instant, global capital rushed into the crypto market, and three significant positive factors are pushing this bull run toward an unprecedented epic climax!
1. Institutional Buying: BlackRock Leads the "Coin Hoarding Battle"
A jaw-dropping set of data: The Bitcoin ETF (IBIT) under BlackRock has seen its holdings surpass 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 six consecutive days of frenzied buying! Even more astonishing is the growing number of listed companies holding Bitcoin, which has now increased to 125, with 46 new additions this quarter, bringing the total accumulated holdings to 847,000 BTC, a staggering 60% increase compared to the previous quarter!
The logic behind it is clear: traditional capital is no longer hesitant, as pension funds and family offices view Bitcoin as "digital gold." The annual management fee income of BlackRock's IBIT even surpasses that of the S&P 500 ETF, which has directly ignited Wall Street's "fear of missing out (FOMO)" sentiment.
Morgan Stanley issues a key signal: if short positions continue to close (currently shorts account for as much as 42%), the market is likely to trigger a "short squeeze" effect, and the price of Bitcoin will be directly pushed up to $135,000!
2. Policy Easing: Global Regulations Are Lighting Up the "Green Light"
Hong Kong takes the lead. On August 1, the "Stablecoin Regulation" officially came into effect, allowing compliant stablecoins to connect with the traditional financial system, completely opening up the channel between fiat currency and the crypto world!
The EU has not been idle either; the "Regulation on Markets in Crypto-Assets" defines Bitcoin as a "commodity-type asset", clarifying its property rights attributes and removing legal barriers for institutional entry.
The United States is the main event. Next week, the three major bills, the "GENIUS Act," the "CLARITY Act," and the "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 have spoken up, with Matrixport stating: "The negative impact of policies has been exhausted, 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 drop sharply from 900 BTC to 450 BTC, while institutional monthly purchases exceed 100,000 BTC, leading to an increasingly severe supply-demand imbalance!
The bears have suffered a brutal massacre, with 119,700 liquidations within 24 hours, totaling as much as $541 million, of which short positions account for 89%! A vicious cycle of "price increase - bears closing positions - price rising again" has formed, and the technical aspect shows a "short squeeze breakout".
On-chain data also speaks volumes, with a surge in the number of non-zero addresses 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 Bank boldly predicts that Bitcoin could surge to $135,000 in the third quarter, with a year-end potential of reaching $200,000! Bitwise's CIO has even shouted out an aggressive target of "$200,000 by year-end." However, risks cannot be overlooked—Trump's tariff policies, the Federal Reserve's interest rate cuts, and on-chain security incidents (such as the GMX exchange being hacked for $42 million) could all trigger short-term market fluctuations.
Finally, it must be reminded that the recent surge of Bitcoin is no longer just a simple "gamblers' game," but rather an "asset allocation revolution" led by institutions! As giants like BlackRock enter the scene and global policies support crypto assets, $130,000 may just be a halftime break in this bull run. But please remember: leverage is a double-edged sword, and a $541 million liquidation wave in 24 hours is enough to bring any overly greedy person back to square one overnight!
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