{"id":22007,"date":"2025-07-11T07:51:55","date_gmt":"2025-07-11T07:51:55","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2025\/07\/11\/46-of-traders-believe-bitcoin-will-reach-120k-in-july-polymarket-shows\/"},"modified":"2025-07-11T07:51:55","modified_gmt":"2025-07-11T07:51:55","slug":"46-of-traders-believe-bitcoin-will-reach-120k-in-july-polymarket-shows","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2025\/07\/11\/46-of-traders-believe-bitcoin-will-reach-120k-in-july-polymarket-shows\/","title":{"rendered":"46% of traders believe Bitcoin will reach $120K in July, Polymarket Shows"},"content":{"rendered":"

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Bitcoin is trading above $116,000 (+4.3%) after breaking past $113,800 on Thursday, setting a new all-time high for the second day in a row. It\u2019s now gained more than 108% over the past year, up from around $56,000 this time in 2024.<\/span><\/p>\n

Institutional involvement remains the main driver. July has already seen net <\/span>Bitcoin ETF<\/span><\/a> inflows cross the $50 billion mark\u2014a record pace. Corporations continue to add BTC to their balance sheets, and familiar names are still buying more.<\/span><\/p>\n

Two things stand out: price action is breaking resistance, and big players are still buying, which has traders asking a familiar question: what happens next?<\/span><\/p>\n

Over $1 Billion Liquidated in 24 Hours, Mostly From Short Sellers<\/b><\/h2>\n

More than $1 billion in leveraged positions, and over 200,000 orders were liquidated over the past 24 hours, according to <\/span>CoinGlass<\/span><\/a>.<\/span><\/p>\n

As Bitcoin surged higher, overleveraged shorts began to unwind quickly, boosting the momentum of the price move. In the last 24 hours alone, over $950 million in leveraged short positions across all assets got wiped out, the largest daily short liquidation this year.<\/span><\/p>\n