Bitcoin Price Surpasses $118,000 for First Time Amid Accumulation Surge

On the morning of July 11, the price of Bitcoin reached a new all-time high (ATH). At one point, BTC price exceeded $118,000, driven by significant demand from accumulation addresses.

During the past 24 hours, Bitcoin’s price updated its ATH several times. According to CoinGecko, as of 11:00 (GMT+3) on July 11, 2025, the asset’s highest value reached $118,254, with a momentary 24-hour gain exceeding 6%.

There was a notable increase in demand from accumulation addresses, contributing to the strengthening of Bitcoin’s price. CryptoQuant data shows that demand from accumulation addresses rose by 71% over the past thirty days, with the total volume held on these addresses surpassing 248,000 BTC, a new yearly peak in accumulation activity.

Growing interest in digital assets from institutional investors also plays a role, as evidenced by data from SoSoValue.

Experts agree that Bitcoin’s price growth is further supported by the complex situation in the global financial system. CryptoQuant analysts noted that a favorable factor for Bitcoin is the decline of the U.S. Dollar Index (DXY) to its lowest level in more than two decades.

The previous peak for Bitcoin’s price was recorded on April 22, 2025, at $111,500. Key growth drivers at that time included increased institutional investor interest and positive regulatory developments in the U.S.