On July 11, 2025, the price of Bitcoin (BTC) broke through $118,000, setting a new historical high. According to real-time data from CoinMarketCap, Bitcoin rose 6.56% in the past 24 hours, 7.5% over the past week, and has accumulated a staggering 152% increase year-to-date. Market sentiment is exceptionally hot, with investors on social media cheering: "BTC breaks $118,000, and the Asian market is still soaring; those waiting for a pullback have been left behind!" However, this rapid surge caught investors waiting for a pullback off guard, as the market showed no significant correction, and FOMO sentiment quickly spread.

Institutional Capital Frenzy: ETF Ignites Price Rocket

The main short-term driver for Bitcoin breaking $118,000 is the continuous inflow of institutional capital. In particular, the spot Bitcoin ETF has become the "rocket fuel" for this round of increases. According to Bloomberg, as of July 11, global Bitcoin ETF net inflows reached a new high this week, with BlackRock's iShares Bitcoin Trust (IBIT) seeing a single-day inflow of $448 million on July 10. A market participant lamented on social media: "Institutional buying is unstoppable; IBIT's purchases directly pushed BTC to historical highs, and retail investors simply can't keep up."

Institutions are buying Bitcoin in large quantities through ETFs, significantly reducing the circulating supply on exchanges. According to Glassnode data, on July 11, the Bitcoin stock on major global cryptocurrency exchanges dropped to 1.8 million coins, a three-year low. This supply-demand imbalance directly drove prices higher. At the same time, the market heat generated by ETFs also fueled retail investors' FOMO (fear of missing out) sentiment, leading many observers to stop waiting and chase prices higher, further boosting upward momentum. Social media buzzed with discussions: "ETF inflows are like a flood; BTC simply can't stop!"—the resonance between institutions and retail investors is the core reason for BTC breaking $118,000.

Market Momentum and Trading Frenzy: Asian Market Becomes the Upward Engine

This Bitcoin surge is built on a strong foundation of market momentum. On the evening of July 10, Bitcoin broke through the key resistance level of $114,000 and further surged past $118,000 during the Asian trading session on July 11. Glassnode data shows that on-chain trading volume surged by 35% during the breakout, reaching the highest level of the month, with unprecedented market participation. An investor analyzed on social media: "When BTC broke $114,000, the trading volume exploded; this is a signal of bulls fully controlling the market, and it's almost impossible to see a pullback."

The Asian trading hours provided strong momentum for this surge. The overnight trading volume on cryptocurrency platforms in Hong Kong and Singapore hit a monthly high, with Bitcoin trading volume on platforms like Binance and OKX surging by 45% in the early hours of July 11. Especially between 2 AM and 4 AM Hong Kong time, market trading was extremely active, and the leverage trading ratio increased significantly. Investors commented: "The buying in the Asian market is insane; BTC directly broke through $118,000!" Such robust trading enthusiasm not only solidified the upward foundation but also further compressed the pullback space.

Social media has become a barometer of market sentiment, accurately reflecting the frenzied atmosphere among investors. After Bitcoin broke $118,000, hashtags like #Bitcoin and #BTCnewhigh quickly trended, with related discussions exceeding 60 million views. One investor posted: "BTC surged to $118,000, and retail investors are still waiting for a $110,000 pullback? The bull market doesn't wait for anyone; hurry up and get on board!" Similar statements resonated strongly, prompting more investors to abandon their wait-and-see approach and join the chase for higher prices.

Why Did Those "Waiting for a Pullback" Miss Out Collectively?

Pullback Window Too Short: Institutional Buying Makes Bottom Fishing a Luxury

In this bull market, the pullback window for Bitcoin is extremely short, almost nonexistent. For example, at the end of June, Bitcoin pulled back from $110,000 to $105,000 but quickly rebounded within 48 hours. The recent breakout on July 11 saw no significant retracement, with prices rising directly from $116,000 to $118,000, completely missing those waiting for a lower entry. An investor complained on social media: "Every time I wait for a pullback, the market just shoots up; it feels like I'm being mocked by the market."

There are several key reasons behind this: First, the strong intervention of institutional buying has compressed the downside space. ETFs and large holders continue to accumulate, causing any slight pullback to be quickly absorbed by buying pressure. For instance, on July 10, the price briefly dropped to $115,000 but rebounded to $116,500 in less than two hours. Second, global market liquidity has increased, and order book depth has improved, making it difficult for retail selling pressure to impact prices. An investor commented: "Institutions were already positioned at $115,000; retail investors waiting for $110,000? Dream on!" The result is that those waiting for a 10%-20% deep pullback have repeatedly been left behind by the market.

Unlike the bull markets of 2017 or 2021, the Bitcoin market in 2025 has undergone structural changes. In the past, retail investors dominated, leading to significant volatility with common corrections of 20%-30%, but now institutions are in control, and the game has changed. Companies like MicroStrategy continue to buy, holding over 250,000 BTC as of July 11, while the circulating supply of BTC on exchanges has dropped to a historical low of 1.8 million coins. In such a tight supply environment, the buying pressure is stronger, while selling pressure has less impact.

One investor bluntly stated: "Institutions are already guarding $110,000; retail investors are still waiting for $100,000? It's impossible to drop back!" Institutional participation not only raises the price floor but also shortens the pullback time. For example, after BTC broke $112,000 on July 9, the market initially expected a correction, but institutional funds quickly pushed the price to $118,000, causing those waiting to miss another opportunity. In this new structure, "waiting for a pullback" almost guarantees missing out.

Lessons from Missing Out: Strategy Restructuring in a Bull Market

Let Go of the Obsession with "Perfect Low Points"

Bitcoin's past bull markets have repeatedly proven that stubbornly waiting for the "perfect low point" often means missing the entire rally. Instead of trying to bottom fish, it is better to adopt a staggered buying strategy. For example, buying in batches in the $105,000 range can control risk while participating in the upward trend. Compared to blindly waiting, disciplined entry is more likely to enjoy the benefits of a bull market.

Emotional Management and Trading Discipline

The heated discussions online reveal the common psychological state of those who missed out: "Every time I wait for a pullback, the price just keeps flying, and my mindset collapses." Many investors regret chasing prices due to FOMO or missing out, lacking a clear trading plan. The real lesson is to establish a clear strategy and strictly execute it, such as setting target price ranges or using dollar-cost averaging (DCA) strategies to smooth out entry costs.

Emotional management is also crucial. On July 11, the discussion volume for the #Bitcoin tag surged, and FOMO sentiment spread, with many investors being led by market emotions. Staying calm and focusing on on-chain data and market fundamentals is essential for making rational decisions in a frenzied market. A market observer suggested: "Don't let the noise of social media cloud your judgment; set a trading plan, and that's how you can truly make money in a bull market."

Conclusion

On July 11, 2025, Bitcoin broke through $118,000, showcasing the immense power of the bull market driven by institutional capital, market momentum, tight supply, and FOMO sentiment. Those waiting for a pullback collectively missed out due to the short window, changes in market structure, and emotional trading. The heated discussions on social platforms accurately record this reality: "BTC won't wait for you; you either get on board or get left behind."

The lessons from missing out are clear: in a bull market, pursuing the "perfect low point" often leads to losses. Investors should adjust their strategies, accept staggered buying, strengthen discipline, and effectively use derivative tools to truly seize opportunities in the bull market.

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