🚀 Bitcoin Breaks $118K as ETFs See Record Inflows

Plus: Congress gears up for "Crypto Week" next week 👇

Author

Macro Point Daily
July 11, 2025

👋 Welcome Back to Macro Point Daily, The smartest crypto take of the day — macro trends, market moves, daily charts, and a side of memes.

Every day we provide the 5 stories which matter most in crypto, and one just for the degens.

In Today’s Edition

  • 🚀 BTC smashes ATH at $118K on institutional tsunami

  •  📈 ETF inflows hit $1.17B in single day

  • 📊 Chart shows ascending triangle breakout pattern

  • 🏛️ Congress prepares crypto regulatory discussions July 14

  •  🐳 Ethereum whales accumulate $358M in 24 hours

  •  🐸 XRP pumps 6.5% on SEC settlement optimism

Let’s dive in.👇

Today’s Edition

📌 Bitcoin Rockets to $118K as Institutions Pour In

Bitcoin shattered all previous records today, hitting a new all-time high of $118,339 as institutional money flooded the market.

The crypto market has staged a powerful rally today, with the total market cap climbing over 5.24% in the past 24 hours to $3.65 trillion. Trading volumes exploded by 47.14%, reaching a staggering $208.23 billion, signaling massive participation behind the move. The surge was driven by a perfect storm of factors: Bitcoin ETFs pulled in $1.17 billion in net inflows on July 10 alone, while aggressive short liquidations worth $570 million created a cascade effect pushing prices higher. This breakout effectively tightened available supply on exchanges, creating additional upward pressure.

  • 🚀 New ATH at $118K triggers massive short squeeze 💰 Record $1.17B single-day ETF inflows drive momentum

  • ⚡ $570M in shorts liquidated creates cascade effect

📉 Institutional Appetite Reaches Fever Pitch

The second-highest daily ETF inflow since launch signals institutional FOMO is officially here.

The crypto market appears to see strong institutional demand, with spot bitcoin exchange-traded funds recording $1.18 billion in inflows on Thursday — the second-highest daily inflow since their launch. This massive influx represents a fundamental shift in how institutions view Bitcoin, moving from experimental allocation to core treasury strategy. The timing coincides with growing corporate treasury adoption and increasing regulatory clarity expectations. With this level of institutional participation, Bitcoin's price dynamics are entering uncharted territory where traditional retail-driven volatility patterns may no longer apply.

  • 🏦 Second-highest ETF inflows since product launch

  • 🏢 Corporate treasury adoption accelerating rapidly

  •  📊 Institutional demand reshaping market dynamics entirely

📉 Chart of the Day: Ascending Triangle Breakout

Bitcoin's daily chart reveals a textbook ascending triangle breakout with strong volume confirmation.

Technically, the daily chart reveals an ascending triangle breakout with strong volume confirmation. If this trend continues, Bitcoin could test the $121,000 to $122,500 range in the next 24 hours. The pattern shows consistent higher lows meeting resistance at $117,000 before finally breaking through. Volume spikes during the breakout validate the move's authenticity, distinguishing it from false breakouts that often trap retail traders. Support has now flipped to $114,800, creating a solid foundation for the next leg up.

  • 📈 Ascending triangle pattern confirms bullish momentum

  • 📊 Volume spike validates breakout authenticity completely

  •  🎯 Next target zone: $121K-$122.5K range

📈 Ethereum Whales Go On A Shopping Spree

Ethereum surged 8.76% to $3,024 as whales accumulated $358 million worth of ETH in 24 hours.

Additionally, on-chain data reveals that whales accumulated $358 million worth of ETH in the past 24 hours, a strong sign of growing institutional confidence. This represents one of the largest single-day whale accumulation events in months, suggesting smart money is positioning for Ethereum's next major move. The buying pressure helped ETH break out of a cup-and-handle pattern on the 4-hour chart, with momentum indicators still showing room to run. ETH saw a 32.7% jump in daily volume, hitting $37.26 billion.

  • 🐳 Whales accumulate $358M ETH in single day

  • 📊 Cup-and-handle breakout pattern activated successfully

  • 📈 Volume surge: +32.7% to $37.26B

🛠 Congress Prepares "Crypto Week" Discussion

U.S. lawmakers are gearing up for crucial crypto regulatory discussions set for July 14th.

Meanwhile, marketers are closely watching the upcoming "Crypto Week" in the U.S. Congress on July 14, which could shape long-term regulatory clarity. This timing couldn't be more perfect as Bitcoin hits new highs and institutional adoption accelerates. The discussions are expected to cover everything from stablecoin regulations to digital asset custody standards, potentially providing the regulatory framework the industry has been waiting for. Market participants are positioning ahead of what could be landmark legislation that defines crypto's future in America.

  • 🏛️ Congressional crypto discussions scheduled for July 14

  • 📜 Regulatory clarity could reshape industry landscape

  • ⚖️ Stablecoin and custody standards on agenda

Degen Domain

🐸 XRP Pumps on SEC Settlement Buzz

XRP jumped 6.55% to $2.58 as settlement rumors with the SEC fuel speculation.

The main catalyst appears to be growing optimism around a final resolution in the long-running Ripple vs. SEC case. Reports hint at the final terms of the settlement being reached, boosting investor confidence. Trading volume exploded to $6.83 billion as traders bet on an imminent resolution to the years-long legal battle. Technically speaking, XRP price broke above the key resistance level of $2.50 with increasing volume, triggering a bullish flag breakout. If settlement news drops, XRP could see another explosive move higher.

💬 Quote of the Day

"The market can stay irrational longer than you can stay solvent, but institutional money makes it rational faster." 

— Modified from Keynes, with a crypto twist

See you tomorrow. Forward to a friend who still thinks ETFs are boring.

📉📈🧠🫡
— Macro Point Daily