US EditionBitcoin Hits Another Record as Options Traders Eye US$120,000
CRYPTOCURRENCY EXCHANGES SUCH AS KRAKEN AND DERIBIT, JUL 10 – Options traders focus on strike prices at $120,000 and beyond amid Bitcoin's rally, with $543 million in liquidations over one hour, signaling strong bullish momentum.
- Bitcoin reached a new all-time high at $116,800 on July 11, 2025, consolidating gains above $113,500 amid rising market momentum.
- The surge followed increased institutional demand and a bullish sentiment fueled by Donald Trump's 2024 presidential campaign and anticipated regulatory favorability.
- Traders intensified short position liquidations totaling $543 million in one hour and $762 million over 12 hours, while many focused on call options targeting $115,000 to $140,000 strike prices.
- Market indicators show bullish signals with the RSI above 50 and MACD picking up positively, alongside $1.52 billion inflows into crypto funds and a 101% yearly Bitcoin gain.
- If Bitcoin clears $116,800 decisively, it could test the $120,000 mark, suggesting continued growth but with volatility and downside corrections as possible risks.
17 Articles
17 Articles
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Why is Bitcoin up today? $120,000 milestone in reach as cryptocurrency enjoys summer rally
Investors in reigning cryptocurrency champ Bitcoin (BTC) are having a pretty good week. As of the time of this writing, the crypto coin is up more than 8% this week and more than 6% in the last day alone. The token is now within reach of the psychologically important $120,000 threshold, which would be an all-time high. Here is a possible reason for Bitcoin’s recent all-time highs. Bitcoin’s rise to $120,000 As of the time of this writing, BTC is…
The price of Bitcoin is approaching the $120,000 mark and breaking one all-time high after another. Since the beginning of the year, the plus has been around 25 percent. Analysts believe that further price gains are likely. One reason for this is the hope of a relaxation in the customs dispute between the US and its trading partners.
South China Morning Post
Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin hits another record as options traders eye US$120,000
Bitcoin’s breakout is fuelled in part by institutional demand and bullish comments made by Trump on social media.
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