On July 11, 2025, the price of the first cryptocurrency first exceeded $ 118,000. Experts from the Cryptoquant and Santiment platforms commented on the achievement of the new historical maximum by bitcoin.
Cryptoquant said that the key factor of sharp growth was the appearance of a major buyer on the Binance cryptocurrency exchange. Up to this point, the main role in the price movement was played by traders from the USA on Coinbase. Analysts emphasized that the purchase took place synchronously with a breakthrough of the historical maximum, which may indicate the intention of institutional investors to continue accumulation.
Santiment experts commented on the situation on July 10, when Bitcoin exceeded $ 113,000. According to them, even after growth by more than 13% of the local minimum on June 22, traders are in no hurry to withdraw the asset on the exchange.
They added that the number of bitcoins on centralized platforms continues to decline: in the last four months, more than 315,000 BTC have been withdrawn. Compared to July 2020, the indicator decreased by 1.88 million BTC – that is, by 61%.
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Source: Cryptocurrency
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