Core Insights - Bitcoin has surpassed the $123,000 mark for the first time, driven by favorable policies from the Trump administration and significant capital inflows [1] - The launch of a Bitcoin spot ETF by BlackRock is approaching a scale of $100 billion, indicating strong institutional interest [1][5] - The recent surge in Bitcoin's price is attributed to a short squeeze, with over $5.74 billion liquidated in short positions within 24 hours [5][9] Market Dynamics - The influx of funds into Bitcoin ETFs reached over $2.7 billion last week, marking the fifth-largest weekly inflow since the ETF's launch in January 2024 [6][8] - Bitcoin futures open interest has reached a record $86.3 billion, reflecting heightened market activity [8] - Major financial firms, including SoftBank's Twenty One Capital and Tron Inc., are actively purchasing cryptocurrencies through equity and convertible bonds [8] Investor Sentiment - Institutional participation in the current bull market is significantly higher compared to previous cycles, with new mainstream investors entering the market [9] - Bitcoin supporters view the cryptocurrency as a viable alternative transaction method, a hedge against inflation, and a store of value [9] - The demand for long positions in perpetual contracts indicates a sustained bullish sentiment in the market [9][10]
加密狂欢开启！比特币冲破12.3万美元，贝莱德ETF剑指千亿规模
Zhi Tong Cai Jing·2025-07-15 00:05