<ul data-eligibleForWebStory="false"><li>Bitcoin reached a new all-time high, briefly crossing $112,000 on July 9, 2025, driven by institutional interest and market optimism.</li><li>The surge was fueled by a significant liquidation of leveraged short positions, resulting in over $226 million in Bitcoin trades being wiped out in a single day.</li><li>Key drivers behind the rally included a short squeeze acceleration, strong ETF inflows, supportive macroeconomic conditions, geopolitical updates, and positive on-chain signals.</li><li>The rally signals growing trust, increased mainstream adoption, and Bitcoin's evolution as a serious asset class, supported by institutional confidence and market participation.</li></ul>

Bitcoin Hits Fresh ATH: What Drove the $112K Breakout?

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