Bitcoin ETF Surge Shocks Bears: Record Highs Ignite Crypto Revolution!

Bitcoin Surges Past Previous Highs, Defying Skeptics

Bitcoin has broken through it’s previous record, reaching new heights despite bearish predictions.On July 9, BTC soared over 2% to surpass its May peak. this move defies the $35 billion in short positions and bearish technical signals. The surge is fueled by ETF investments, corporate adoption, and favorable macroeconomic conditions.

Traditionally, Bitcoin’s price action has entered a new phase, breaking past its May high and defying bearish indicators.

On July 9, Bitcoin (BTC) climbed over 2%, trading above its previous all-time high of $111,970. This surge challenges the $35 billion in short positions and bearish technical signals. The rally is driven by ETF investments,corporate adoption,and favorable macroeconomic conditions.

Bitcoin’s rise suggests that institutional capital flows, not retail leverage, now dictate crypto’s inflection points. ETF inflows and corporate buying created a supply squeeze that forced bears to cover positions.

Data shows spot bitcoin ETFs absorbed 245,000 BTC in Q2 alone, equivalent to nearly 1% of the total supply, while public companies beyond Strategy aggressively added billions in Bitcoin to their balance sheets.Standard Chartered analysts call this a “new flow regime,” where institutional absorption outpaces new supply from miners by a 3:1 margin.

Simultaneously occurring, broader risk markets have firmed around a surprisingly resilient U.S. economy. The June nonfarm payrolls report came in well above expectations, with 147,000 jobs added and the unemployment rate falling to 4.1%. That data prompted a sharp repricing in interest rate expectations. CME FedWatch now shows just a 5% chance of a July cut, down from 24% earlier in the week.

Geopolitics added unexpected tailwinds. On July 9,the Trump management fired warning shots at six nations,slapping Algeria and Iraq with 30% tariffs,while Brunei,Libya,and Moldova face 25% duties,and the Philippines braces for 20%. This marks the latest escalation in a broader tariff offensive,following threats against Japan and South Korea earlier in the week. Historically, such measures trigger inflation, supply chain disruptions, and equity sell-offs.But Bitcoin’s eerie calm suggests traders aren’t panicking, at least not yet. According to CoinShares’ James Butterfill, that might potentially be a temporary illusion. “In the short term, tariffs slow growth and spook risk assets, including Bitcoin,” he noted in a report earlier this year.