Bitcoin touches new all-time highs, topping $118,000 as institutions pile into ETFs

Market Trends & Investment Opportunities - Bitcoin hits a new record, potentially signaling the start of a longer bull run, driven by institutional demand and regulatory tailwinds [1] - Historically, July and the fourth quarter are strong periods for Bitcoin [1] - Bitcoin ETFs experienced their biggest day of inflows this year, exceeding $1 billion, marking the second-largest inflow day on record for ETH ETFs [3] - Circle IPO provided reasons for investors to be interested in crypto beyond Bitcoin's price, reducing perceived risk [5][6] - Tokenization, including stablecoins, has helped revive ETH, which is outperforming Bitcoin ahead of its 10-year anniversary [4] Financial Performance & Liquidation - Over $655 million in Bitcoin and short Bitcoin positions were liquidated in the past 24 hours [2] Macroeconomic Factors - The Fed meeting at the end of the month should be monitored as a potential macro catalyst [3] Regulatory Landscape - Congress is making headway on legislation, and the White House is supportive of crypto [5][6]