07/11 Afternoon Briefing
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Did you miss the Bitcoin rally? Binance founder CZ says "There is still an opportunity"
2025-07-11T11:38:06.000Z
The article discusses insights from Binance founder CZ on Bitcoin's current market conditions, despite reaching an all-time high. He suggests that Bitcoin is still in an adjustment phase, offering future buying opportunities for those who missed earlier dips. CZ highlights Bitcoin's limited supply as a key factor against the backdrop of unlimited fiat currency printing, potentially supporting future price increases. He previously predicted a long-term price surge to $500k-$1m, aided by institutional adoption. The analysis considers global fiat currency expansion as a significant driver of Bitcoin's value. CZ’s views provide a strategic viewpoint on investing in Bitcoin amid broader macroeconomic factors.
The article featuring Binance’s founder CZ reveals his insights on Bitcoin's current trajectory and the broader macroeconomic influences impacting its value. CZ emphasizes that Bitcoin, despite its recent peak, remains in an adjustment phase, suggesting potential buying opportunities for investors who missed prior dips. His view is grounded in the fundamental constraint of Bitcoin's capped supply against the backdrop of seemingly unlimited fiat currency printing. This outlook is crucial in understanding the potential for Bitcoin's value increase amidst global economic dynamics, especially involving fiat currencies. The article also highlights CZ's previous prediction of Bitcoin's price potentially soaring to $500k-$1m, contingent on institutional adoption and global economic policies. CZ's perspective suggests that Bitcoin’s long-term growth is inexorable due to its intrinsic scarcity. Furthermore, it draws attention to the speculative activities and investor enthusiasm in Bitcoin futures, reflecting positive market sentiment. The article essentially guides readers through a strategic perspective on Bitcoin investment, aligning it with global monetary policies.
[Block Media Reporter Eunseo Lee] Binance founder Changpeng Zhao (CZ) has recently offered advice for investors who missed out on the latest Bitcoin (BTC) rally, which reached an all-time high (ATH). He emphasized that “Bitcoin is still in a correction phase.” According to Crypto Times on July 11 (local time), CZ stated through X (formerly known as Twitter) on July 11 that “for those who couldn’t buy Bitcoin during past downturns, there will be a chance to buy the dip again.” He added, “Price charts never rise in a straight line, and all assets go through corrections before reaching new highs.” If you “missed” the previous dips, there will be dips in the future too. And we are still in one now. There are no limits to mathematical numbers or fiat printing, only a limited number of bitcoins. https://t.co/P13m3r4GoG — CZ ???? BNB (@cz_binance) July 11, 2025 He reiterated that Bitcoin prices are still in a “dip.” CZ previously predicted that, in this rally cycle, Bitcoin could rise to between $500,000 to $1,000,000 due to exploding demand with the introduction by Wall Street, hedge funds, Bitcoin ETFs, and various governments. “Infinite fiat currency, limited Bitcoin” CZ pointed out the expansion of the global M2 money supply as the reason for the rising Bitcoin prices, as Bitcoin has a capped issuance while fiat currency can be issued infinitely. Bitcoin is making up for lost time, exploding to $116,700 in 3 minutes. Looks like BTC wants to reclaim its directional relationship with global M2 money supply. To $135k with haste ???? pic.twitter.com/sM2PpcyjIT — Joe Consorti ⚡️ (@JoeConsorti) July 10, 2025 One investor analyzed on X that “BTC surged to $116,700 in just 3 minutes” and that “Bitcoin is trying to reclaim its directional relationship with the global M2 money supply.” He added, “The target is $135,000.” At the time of writing this article, CoinMarketCap shows Bitcoin trading at $118,180, up more than 6% from 24 hours ago. BTC Derivatives Clearly Betting on Bullishness Expectations for a strong rise are also reflected in the derivatives market. According to Coinglass, BTC futures open interest (OI) increased by 6% in the last 24 hours, reaching an all-time high of $82.85 billion (approximately 113.9187 trillion won). Especially on CME (Chicago Mercantile Exchange) and Binance, BTC futures OI surged by 9% and more than 6%, respectively. This is interpreted as a signal that institutional and professional traders anticipate further rises in Bitcoin.
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Bitcoin reaches an all-time high rally... Open interest up 6%, derivatives trading up 50%, 'signs of greed' are on.
2025-07-11T11:36:24.000Z
The article outlines Bitcoin's latest peak alongside a surge in derivatives market activity, signaling robust investor enthusiasm but a potentially overbought market. Rising open interest and trading volumes in derivatives indicate strong speculative behavior, which could lead to volatile corrections. The surge in the Fear & Greed Index to 'Greed' territory suggests heightened risk of a market pullback. The RSI's move into 'overbought' territory further underscores imminent market adjustments. Investors are advised to approach the current market with caution due to potential volatility fueled by speculative over-leveraging. While bullish sentiments prevail, caution is advised against potential sharp corrections.
This article focuses on the surge in Bitcoin's price reaching an all-time high and parallels this with increased activity in the derivatives market. The rise in open interest and trading volumes indicates heightened investor enthusiasm but also signals a possibly overbought market condition. The increase in derivatives trading suggests speculative eagerness, which could precede a correction due to over-leveraged positions. The article highlights how the speculative nature of derivatives might create temporary price instability, fueled by short-term greed. This greed is captured in sentiment metrics such as the Fear & Greed Index moving into 'Greed' territory. Furthermore, the relative strength index (RSI) also enters the 'overbought' zone, indicating potential upcoming price adjustments. While the current sentiment is strongly bullish, market dynamics suggest prudence owing to potential volatility. Therefore, investors should be wary of over-leveraging, as forced liquidations could amplify corrections. Overall, the article implies that while investor confidence is robust, signals of market overheating necessitate careful market monitoring.
[Reporter Myung Jung-seon from Block Media] As Bitcoin reaches an all-time high, trading volumes and open interests have surged in the derivatives market, indicating that investor sentiment is entering an overheated phase. According to virtual asset data information company Coinglass on the 11th, Bitcoin rose by 6.11% from 24 hours ago to $117,877 (about 160.98 million KRW) at 4 PM that day, setting a new all-time high. At the same time, Ethereum rose 7.81% to $3,003.31 (about 4.1 million KRW), Solana increased by 4.83% to $164.48, Ripple rose 6.76% to $2.5778, and Dogecoin surged by 9.41% to $0.19751. Along with the price rise, the derivatives market is rapidly expanding. The total open interest in derivatives increased by 6.37% from the previous day to $176.9 billion (about 241.64 trillion KRW). During the same period, the 24-hour trading volume of derivatives also surged by 50.07% to $429.2 billion (about 586.63 trillion KRW). The liquidation scale increased by 141.12% to $1.25 billion (about 1.706 trillion KRW), with forced liquidations of short positions accelerating the upward trend. The investment frenzy is also strong in the options market. Option open interest surged by 127.13% to $57.8 billion (about 79.031 trillion KRW), and CME Bitcoin futures open interest also increased by 7.07% to $18.37 billion (about 25.076 trillion KRW). Bitcoin dominance rose by 0.09 percentage points from the previous day to 63.88%. The proportion of long positions also increased significantly. The long ratio of top traders in the Binance BTC/USDT pair increased by 10.68% to 1.66, and OKX BTC account-based long proportion increased by 15% to 0.46. This is an indicator showing that short-term upward expectations in the market have strengthened. The 24-hour open interest increase for Bitcoin was 5.70%, Ethereum increased by 5.48%, Solana by 4.97%, Ripple by 10.22%, and Dogecoin by 11.08%, with trading volumes and positions expanding across all major categories. The liquidation scale was largest for Bitcoin at $656.57 million (about 896 billion KRW), followed by Ethereum with $259.14 million, Solana $24.14 million, Ripple $18.75 million, and Dogecoin $12.41 million. Meanwhile, the Alternative Fear & Greed Index, which indicates investor sentiment, recorded 72, entering the 'Greed' stage. The RSI (Relative Strength Index) also entered the 'overbought' zone at 76.75. Brave Coin warned, "There is a possibility that the upward trend may continue in the short term, but if prices adjust, long position liquidations could increase market volatility."
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[Coin Market Conditions] Bitcoin Surpasses $116,000… Buoyed by ETF and Policy Tailwinds, 'New Record'
2025-07-11T11:34:37.000Z
The article highlights Bitcoin's breakthrough beyond $116,000, influenced by ETF investments and positive policy expectations. It cautions about the possible illusions of this rise, exacerbated by the weakened dollar, potentially skewing valuation perceptions. Analysts point out the roles of institutional ETF inflows and corporate adoption as key drivers of the current market surge. Additionally, looming monetary policies aimed at easing by the U.S. further propel Bitcoin's valuation. A rise in the fear and greed index reflects growing market enthusiasm, yet, hints at potential volatility ahead. The analysis suggests vigilance amid bullish trends due to economic shifts.
The article delves into the factors contributing to Bitcoin's recent surge past $116,000, marking a new all-time high. It attributes this increase primarily to inflows into Bitcoin exchange-traded funds (ETFs) and favorable regulatory expectations that are enhancing investor confidence. However, there is a cautionary note about the illusion of this surge, potentially inflated by a weakening dollar that affects its valuation against other currencies. The inclusion of insights from experts, such as Gary O'Shea of Hashdex, highlights the importance of ETFs and corporate adoption in sustaining this momentum. Moreover, the current macroeconomic environment, characterized by an expected monetary policy easing in the U.S., further buoyed the digital asset's valuation. The rise in the fear and greed index underscores growing confidence among investors, potentially leading to continued market volatility. This environment suggests that while current trends are favorable, underlying economic shifts could provoke sudden market corrections. Thus, the narrative of Bitcoin's rise is pegged on these institutional and macroeconomic dynamics, urging caution despite apparent bullish trends.
[Block Media Reporter Oh Su-hwan] Bitcoin surpassed $116,000, reaching a new all-time high. While the inflow of exchange-traded fund (ETF) money and policy expectations are driving the rise, there is also the possibility of an optical illusion effect due to the weakening dollar. As of 8:40 AM on the 11th, Bitcoin (BTC) is trading at 155,910,000 KRW, up 3.46% from the previous day on the domestic digital asset exchange Upbit. On the global exchange Binance, it recorded $115,675, up 3.87%. At the same time, the CoinDesk 20 index rose 5.35%, and among major stocks, Ethereum (ETH) rose 5.93% and XRP rose 5.55%. According to CoinGlass, about $579.66 million (795.5 billion KRW) worth of Bitcoin was liquidated in the past 24 hours, with about 95% being short (sell) positions. The total liquidation in the digital asset market was $1.05 billion (1.3793 trillion KRW). Market experts analyze that this rise originates from changes in market flow and environmental improvements rather than a temporary fluctuation. Gary O'Shea, Head of Global Market Insights at Hashdex, explained, "Inflow through spot ETFs, the increase in companies adopting Bitcoin as an asset, and favorable regulatory changes are supporting the upward trend," adding, "This is accelerating the liquidation of short positions from investors betting on declines." Reuters also assessed, "The backdrop of Bitcoin breaking its all-time high includes the expansion of buying by institutional investors and the pro-digital asset policies of the Trump administration." In fact, President Trump is announcing the hosting of 'Crypto Week' and strengthening related policy stances, while on the prediction market Kalshi, bets are being placed on Bitcoin reaching $141,000 by the end of the year. While policy and demand expansion are noted as the background of the rise, there is also an analysis that this rise could be a relative effect due to the weakening dollar. Bitcoin's all-time high is the highest ever in terms of dollars, but it still hasn't surpassed past peaks in other major currencies like the euro or yen. It is interpreted that the fall in dollar value is the background that highlights Bitcoin's rise. Indeed, with growing expectations of monetary easing in the U.S., there is an assessment that upward pressure is being applied across risky assets including Bitcoin. Market analysis report Kobeissi Letter projected that if the key interest rate is cut significantly, the dollar value could fall by more than 10%, potentially resulting in simultaneous rises in asset prices such as Bitcoin, gold, and stocks. Meanwhile, the Alternative Fear & Greed Index, indicating investor sentiment in the digital asset market, stood at 71 (Greed) on this day, up from the previous day's 66. The Alternative Fear & Greed Index indicates stronger selling pressure from investors when closer to 0, and a higher tendency to buy when closer to 100.
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Bitcoin and Ether ETFs Record Second-Largest Net Inflow in History
2025-07-11T11:32:57.000Z
BlackRock's Bitcoin and Ethereum ETFs experienced a massive influx of funds, recording the second-largest single-day inflow. This substantial inflow reflects significant institutional interest and marks these ETFs as pivotal players in the cryptocurrency market. The robust demand indicates persistent bullish sentiments and growing mainstream acceptance of digital assets. Despite these record inflows, traditional financial advisors are yet to fully embrace these ETFs, pointing to a potential untapped market segment. Comments from industry figures suggest that this significant demand could herald further market expansion. Overall, the article underscores institutional confidence, hinting at sustained bullish dynamics and the critical impact of traditional finance in unlocking future growth.
The article reports significant fund inflows into BlackRock's Bitcoin and Ethereum ETFs, achieving the second-highest single-day inflow since their inception. Such substantial institutional interest underscores the growing demand for cryptocurrency exposure, marking these ETFs as instrumental in driving current market trends. The significant inflows reflect prevailing bullish sentiments in digital assets, as ETFs highlight growing mainstream acceptance and legitimization of cryptocurrencies. Additionally, the ETF demand significantly surpasses the net issuance of these crypto-assets, illustrating strong market demand outstripping new supply. Despite record inflows, traditional financial advisors remain slow in adopting these ETFs, pointing to a potential untapped market. Nate Geraci's comments highlight this latent demand and its implications for future market expansion. This robust inflow showcases institutional confidence and suggests continued support for bullish market dynamics. However, it also emphasizes the critical role of traditional financial entities in unlocking further market potential. The article signals a turning point, suggesting these ETFs as bellwethers for future institutional involvement in cryptocurrencies.
[Block Media Reporter Eunseo Lee] BlackRock's Bitcoin (BTC) and Ethereum (ETH) ETFs emerged as the biggest beneficiaries of net inflows on Thursday. According to Cointelegraph on the 11th (local time), on July 10th, large sums of money were invested by Bitcoin and Ethereum investors into digital asset-based exchange-traded funds (ETFs), marking the second-largest daily net inflow since their launch. A total of $1.17 billion (approximately 1.6089 trillion KRW) flowed into the Bitcoin spot ETF. Among them, BlackRock's iShares Bitcoin Trust ETF (IBIT) attracted $480 million (approximately 616 billion KRW), and Fidelity's Wise Origin Bitcoin Fund brought in $324 million (approximately 445.5 billion KRW). This figure is the second largest after the $1.37 billion (approximately 1.8839 trillion KRW) inflow during the Trump Presidential Election victory on November 7, 2024. On this day, Bitcoin surpassed $113,800, reaching an all-time high, and continued its upward trend on Friday. Ethereum ETF also saw the second-largest net inflow in history... BlackRock 'ETHA' was the biggest beneficiary. Meanwhile, on that day, the Ethereum spot ETF recorded a net inflow of $383.10 million (approximately 526.8 billion KRW), the second-largest inflow since its launch. Most of the funds flowed into BlackRock's iShares Ethereum Trust ETF (ETHA), which brought in $309 million (approximately 413.8 billion KRW), setting its own record for the largest daily net inflow. Nate Geraci, president of Novaviaus Wealth Management, noted on X (formerly Twitter) on Friday, “Despite these record-breaking inflows, traditional financial advisory firms are still reluctant to incorporate Bitcoin and Ethereum ETFs.” Financial advisors, who control enormous amounts of $$$, have barely even begun allocating to btc & eth ETFs... Major platforms such as Vanguard are still gatekeeping these ETFs (which is laughable IMO). And we’re still seeing near record inflows. Think about that for a minute. — Nate Geraci (@NateGeraci) July 11, 2025 He added, "Large platforms like Vanguard are still blocking access to these ETFs." ETF demand overwhelms actual coin issuance. ETF demand far exceeds the net issuance of Bitcoin and Ethereum circulating in the actual market. According to Ethereum tracking site 'Ultra Sound Money', Ethereum's net issuance in the last 24 hours was 2,110 ETH (approximately $6.33 million, approximately 870 million KRW). This falls far short of the $383.10 million (approximately 526.8 billion KRW) that flowed into Ethereum ETFs on the same day. The same applies to Bitcoin. According to Galaxy Research, while US Bitcoin ETFs and corporate strategy funds have purchased a total of $28.22 billion (approximately 38.8194 trillion KRW) worth of BTC up until now in 2025, new issuance by Bitcoin miners has only been $7.85 billion (approximately 10.7985 trillion KRW). This analysis suggests that ETF-based demand across the market is further highlighting the scarcity of Bitcoin. ▶
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Final Viewpoint
The Bitcoin market is currently characterized by robust institutional interest, as evidenced by substantial inflows into ETFs like those from BlackRock, indicating high investor confidence and a bullish outlook on digital assets. This institutional engagement, along with favorable regulatory expectations and economic policy shifts such as U.S. monetary easing, plays a critical role in driving Bitcoin's recent price surge to surpass $116,000, setting new all-time highs. However, this rally is also marked by increased speculative activity in the derivatives market, suggesting potential volatility as investor enthusiasm pushes the market into potentially overbought conditions. Sentiment indicators such as the Fear & Greed Index reflect high levels of confidence, but this also signals a cautionary approach due to possible corrective phases driven by over-leveraged positions and macroeconomic uncertainties.
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