On a morning that felt as thick and slow as molasses left in a San Joaquin shed, old Bitcoin up and decided to break free from its own shadow. The price—now sitting proud at a hair above $113,700, higher than old man Jenkins’ stories after three whiskies—left folks scratching their heads and grinning the type of grin you wear when you just found a five-dollar bill and a wad of chewing gum in the same pocket.
This here coin doesn’t just behave; it stampedes. The daily trading volume barreled up more than 50 percent, a staggering $66 billion swirling around like dust in a dry windstorm. And as always, the markets picked their bones clean—over $325 million in leveraged BTC bodies hauled off to the rookery in the last 24 hours. Cheers to volatility! 🍻
Why’d Bitcoin Bust Out the Fancy Boots Today?
Ask any weathered trader leaning on his digital fence and he’ll tell you: it’s the big boys. Institutional investors stomping through, led by shiny ETFs and sharp-suited corporations—Strategy and Metaplanet among them—herding billions like cattle on spring drive.
BlackRock’s IBIT tossed a cool $125 million into the pot, just another Wednesday for them, while the blockchain poets scrawled numbers on the walls. Meanwhile, global money supply’s puffed up so big you’d think Congress was stuffing it with cornbread and hubris. The “One Big Beautiful Bill Act”—which sounds more like something you’d put in a pie-eating contest than national legislation—stands to swell that deficit by $3.3 trillion. Looks like the only thing growing faster than debt is Bitcoin’s ego. 💸🍰
Not to be outdone, futures and Open Interest charged after like pups on the scent—market data (care of Coinglass, and who names these things, anyway?) saw OI up 10 percent, sniffing at $80 billion like it might actually be worth something someday.
What Now, Pardner?
As the sun set on Bitcoin’s rodeo, the rest of the wild bunch—the altcoins—got riled up too. Ethereum wagged its tail past 2 percent, hitting $2,830 like a border collie rounding up lost sheep.
Bitcoin’s share of the ranch? Down to 64.7 percent. Could mean folks are just bored, or maybe they’re sniffing out this elusive “altseason” everyone keeps muttering about behind the barn.
#total_2 update: breakout, send it
— CryptoBoss (@CryptoBoss1984) July 10, 2025
And if you listen to CryptoBoss—because every barn dance’s got to have one loudmouth—he’s hollering that we’ve just saddled up for a parabolic ride through Altcoin Gulch, with no brakes and nothing but rattlesnakes for company. Might want to hang onto your hats—or at least your passwords. 🤠🚀
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2025-07-10 21:37