- Bitcoin gains by 24% YTD in 2025, rising from $93,300 to $118,340 amid record-breaking institutional inflows and reduced exchange supply.
- Over $584M in short liquidations and a 28% open interest surge followed Bitcoin’s breakout above $117,000.
- RSI at 73.80 and strong MACD crossover confirm bullish momentum, with trading volume peaking at $106.71B.
Bitcoin has reached a new all-time high of $118,340, recording a 24% year-to-date gain. According to data shared by Charlie Bilello on X, Bitcoin’s performance since 2010 shows massive long-term returns, with the digital asset climbing from $0.003 to today’s valuation.
Each year has seen major swings, with 2024 closing at $93,300 after a 121% rise and 2023 closing at $42,280 following a 156% recovery. The 2025 rally builds on this momentum, driven largely by institutional flows and reduced exchange supply.
Historical Gains Set the Foundation for 2025 Surge
Notably, Bitcoin’s yearly gains since 2010 have delivered eye-catching results, with several explosive years followed by sharp corrections. In 2013, Bitcoin jumped from $13.50 to $758, gaining over 5,500%.
The 2017 bull run saw prices rise from $968 to $13,860, a 1,331% surge. However, steep declines occurred in 2014, 2018, and 2022, each registering losses above 50%. These fluctuations have formed a pattern of long-term appreciation, supported by high volatility.
In 2024, Bitcoin rallied again, gaining by 121% and ending the year at $93,300. With this foundation, the 2025 uptrend began with stronger institutional interest, pushing the asset up another 24% by early July to $118,340.
Institutional Inflows and Exchange Activity
The rally accelerated after a confirmed breakout above $112,000, supported by over $4.4 billion in new capital inflows, according to on-chain data. Realized Cap, a metric tracking actual capital deployment, rose significantly, showing clear signs of serious investor participation.
Meanwhile, Binance’s institutional volume rose sharply, holding over 49% market share just before the surge. Daily trading volume spiked by 76.81% to $106.71 billion, the highest volume since April. At the same time, retail inflows dropped to quarterly lows, indicating the current institutional-led market dynamic.
Short Liquidations and Technical Breakout Fuel Rally
The breakout above $117,000 led to liquidations worth $584 million in short positions, including a whale loss of $27,000. Open interest rose by 28% to $1.08 trillion, indicating aggressive market activity.
Funding rates remained stable at +0.0076%, suggesting controlled leverage. From a technical view, Bitcoin displayed strong bullish signals. The MACD showed a clear crossover since early July, supporting the rally.
RSI is at 73.80, above the 70 level, indicating elevated buying pressure. Volume supported the move, with 235 BTC traded during the breakout session.
Final Take: Price, Volume, and Institutional Demand
Bitcoin is now trading at $118,340, with a $2.35 trillion market cap and daily volume exceeding $106 billion. Total supply is at 19.89 million BTC, nearing the 21 million limit.
Spot ETF inflows of $1.2 billion and a $1 billion BTC acquisition plan by K Wave Media underline growing institutional confidence.
With exchange reserves at 2015 lows, market conditions point to strong holding sentiment. The current uptrend shows a combination of capital inflow, reduced retail activity, and rising technical strength.
