Bitcoin (BTC) reached a brand new all-time excessive of $112,787.30 on July 10 on Binance spot markets, in response to TradingView.
The transfer accomplished a two-day climb from roughly $108,950 late July 8 and eclipsed the earlier July 9 peak of $112,000.
Notably, the latest worth peak prompted over $50 million in liquidations within the final hour, in response to Coinglass knowledge.
ETF demand tightens provide
Spot Bitcoin exchange-traded funds (ETFs) registered $218 million in web creations on July 9, the fifth straight optimistic session and sufficient to push cumulative inflows above $50 billion.
BlackRock’s IBIT led allocations, whereas secondary buying and selling quantity broadened throughout smaller issuers, in response to SoSoValue and Farside Traders knowledge.
Moreover, macro circumstances added to the bid. The greenback index slipped for a 3rd consecutive session after Federal Reserve minutes signaled assist for price cuts “later this 12 months,” and markets assessed the potential inflationary results of recent US tariff threats.
Jag Kooner, head of derivatives at Bitfinex, argued that tariff-driven worth pressures “may in the end profit bitcoin in the event that they weaken the greenback and elevate real-asset hedges,” whereas the structural ETF bid cushions risk-off shocks.
Leverage reset unlocks upside
Bitcoin futures on CME and Binance traded at annualized premiums of 9% to 11%, contained in the impartial zone for this cycle and much under the 35% extremes seen throughout March’s run-up, suggesting subdued directional bets.
Technical markers now place first assist close to $107,000, the 50-day shifting common, and the previous June vary prime.
On the identical time, the overhead resistance is round $112,800 to $113,000, the place promote orders clustered in the course of the in a single day excessive.
Transaction knowledge point out that short-term holders realized modest positive aspects in the course of the rally. Bitcoin’s July 10 excessive and a July 9 closing print above $111,000 left the MVRV Z-Rating close to 2.4.
This stage is nicely under the euphoria threshold of seven utilized in previous cycles.
Bitcoin Market Knowledge
On the time of press 6:26 pm UTC on Jul. 10, 2025, Bitcoin is ranked #1 by market cap and the value is up 3.84% over the previous 24 hours. Bitcoin has a market capitalization of $2.26 trillion with a 24-hour buying and selling quantity of $65.76 billion. Study extra about Bitcoin ›
Crypto Market Abstract
On the time of press 6:26 pm UTC on Jul. 10, 2025, the full crypto market is valued at at $3.52 trillion with a 24-hour quantity of $153.39 billion. Bitcoin dominance is at present at 63.99%. Study extra concerning the crypto market ›
