Bitcoin Traders Scramble After BTC Hits $112,052 All-Time High
On July 9, 2025, Bitcoin soared to a record $112,052, prompting traders to recalibrate their strategies. Analysts at 10x Research predict the rally could push BTC to $133,000 by Q3’s end, driven by strong ETF inflows and favorable policy shifts. Markus Thielen, head of research, noted a bullish trend model since June 29, with a 60% chance of sustained gains, potentially hitting $130,000—a 20% jump.
Call Options Signal Upside Bets
Traders are heavily buying call options, reflecting fears of missing out on further gains. Thielen suggests that underexposed investors are chasing the rally, with market momentum likely to persist into September if macroeconomic factors, like the July 15 CPI report, align favorably. Despite Q3’s historical 5.84% average return, pro-crypto policies and ETF demand could make 2025 an outlier.
ETF Inflows Fuel the Fire
U.S. spot Bitcoin ETFs saw $15 billion in net inflows since mid-April, with $215.7 million added on July 9 alone, per Farside Investors. This relentless demand is forcing sidelined traders back into the market at higher prices. 10x Research’s long position at $104,000, hedged with a $115,000 call option, is performing as expected, poised for a higher trading range.
Ethereum ETFs Join the Rally
Ethereum outperformed Bitcoin with a 5% surge, driven by record trading in BlackRock’s ETHA ETF, which saw 43 million shares traded on July 9—nearly double the prior day’s volume. Inflows hit $159 million, boosting ETHA’s 30-day average by 18.83 million shares, signaling strong institutional interest.