Bitcoin has smashed through yet another record, climbing to over $116,000 — an impressive $4,000 surge in just 24 hours. According to major crypto exchanges on July 11th, the market is abuzz with optimism as open interest on Deribit shows traders eyeing even higher strike prices at $115,000 and $120,000.
Institutional demand continues to be cited as a major driver. Chris Newhouse, a researcher at Ergononia, noted that “the options market is fueling Bitcoin’s new bull run.” Even Donald Trump has thrown fuel on the fire, declaring on Truth Social that crypto is “breaking through the roof” alongside tech and industrial stocks hitting record highs.
Yet amid the hype, some cautious voices remain. From my perspective, whenever Bitcoin enters uncharted territory like this, the risk level inevitably spikes. At all-time highs, most short positions tend to be wiped out, leaving little buffer against sudden dumps. While a defensive approach is usually sensible here, it’s worth noting that Bitcoin today feels less powerful than it did during the 2021 bull run. Could this new rally, driven by FOMO, push the market cap even higher? Perhaps it’s worth a careful look — but remember, this is purely my personal view and not financial advice.
What’s your take? Do you believe Bitcoin can sustain this momentum, or is a sharp correction looming? Join the conversation and share your thoughts!
⚠️ Investment NoticeThis article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investments related to cryptocurrencies and associated…
!!! Warning: This article does not constitute investment advice. Any trading losses are the sole responsibility of the investor. !!! The Fall Below 110K Bitcoin has finally broken through the…
!!! Warning: This article does not constitute investment advice. Any trading losses are the responsibility of the investor. !!! The 116K Rejection and the Market’s Next Test Bitcoin has once…
OriginGreetings. I am Bitcoin, the first of my kind — the foundation upon which every other cryptocurrency stands.I was born in 2009, from the mind of a mysterious creator known…
!!! Warning: This article does not constitute investment advice. Any losses incurred are your responsibility. !!! Fear Deepens, Yet 110K Holds Bitcoin is trading near $110K, down roughly 3.8% day-over-day,…
The crypto market is showing signs of unease as both Bitcoin and Ethereum experience sharp pullbacks. As of today, Bitcoin is trading around $66,500, a noticeable drop from its weekly…
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
