In light of drastic price fluctuations last month, Bitcoin has once again made headlines. On July 10, 2025, it reached a new historical high of $113,000.
New Historical High
On July 10, Bitcoin broke through its last historical high from May and continued to rise into July 11. This event triggered the biggest wave of short liquidations since winter, potentially signaling changes in the market.
Factors Influencing the Price
On July 10, Bitcoin was trading around $113,000, indicating increased trader confidence in its stability. One contributing factor to the price rise is the growing interest in Bitcoin ETFs, with spot ETFs recording net inflows of $218 million on July 9, boosting the total to over $50 billion.
Predictions and Risks
Experts believe Bitcoin may reach $117,000–$121,000 by August, but historically, sharp liquidations have led to volatility. Given the current situation, growth expectations remain positive, but risks persist.
With current trends and significant interest in Bitcoin, its growth seems likely, although traders should be mindful of potential market volatility and risks.
