Bitcoin (BTC) Price Has A New ATH: Where Is It Headed Next?
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The Bitcoin (BTC) price briefly surged above $111,970, marking a new BTC ATH and confirming a breakout that had been building for weeks. This move puts the Bitcoin price in discovery mode, with no past levels to act as resistance. While price has since cooled slightly, the overall trend remains intact. With institutional inflows continuing and on-chain structure holding firm, the question now is whether Bitcoin can carry this move toward its next leg, or if the breakout fades. Open Interest Reset Signals Strength Behind BTC Price Move Crypto Analyst DaanCrypto pointed out that Open Interest in BTC surged $1.1 billion just before a sharp $400 million flush took place, all thanks to the move towards $111,000. This liquidation event cleared many overleveraged long positions. What makes this significant is that the BTC price didn’t collapse after the flush. Instead, it held above $108,000, signaling that spot buyers were still present and willing to support the Bitcoin price at higher levels. Key triggers for the ATH move- Source: DaanCrypto These resets are common during ATH tests. They remove weak leverage, reset funding rates, and allow more stable growth. Plus, short liquidations even trigger auto buy mode for BTC, which is a bullish signal. The next massive liquidation or flush window sits at $120,000. Screenshot And yes, the Bitcoin OI continues to rise, and with the price rise in picture, it necessarily points towards bullish bias or Longs. BTC OI and price action- Source: Coinalyze Bitcoin Dominance Rises as Altcoins Lag As Bitcoin pushed into ATH territory, Bitcoin Dominance (BTC.D) climbed steadily to above 60%, currently at 63.8%, per CoinMarketCap data. According to DaanCrypto, this move reflects real capital rotation. While altcoins continue to face selling pressure and token unlocks, BTC is absorbing market liquidity through ETFs and institutional flows. A…
Filed under: News - @ July 10, 2025 2:27 pm