Bitcoin hits a new high, triggering a renewed recognition of its scarcity in the market.

Bitcoin broke through $118,400 in the afternoon of July 11, once again setting a new historical high, drawing attention to its scarcity and safe-haven attributes. This surge is not driven by a single factor, but rather the result of multiple factors working together, including institutional capital inflows, active ETF markets, adjustments in U.S. macro policies, and changes in market expectations.

Bitcoin has not only successfully broken through the critical resistance level of $112,000, but short-term technical analysis also shows that it still has upward momentum. Against the backdrop of continuous expansion of the dollar supply, a well-known figure in the industry told investors who missed this round of market: "Don't worry, you still have the opportunity to buy during the pullback, remember that the total supply of Bitcoin is fixed."

These remarks are not just simple encouragement, but also reaffirm the core logic of Bitcoin as a deflationary asset. As global inflation and fiat currency devaluation become the norm, Bitcoin remains steadfast with its fixed supply cap of 21 million coins. It is worth noting that over 95% of Bitcoin has already been mined, and as miners' earnings increasingly rely on transaction fees, along with the gradual implementation of scaling solutions like the Lightning Network, the overall supply-demand structure of this crypto asset is becoming increasingly tight.

From a technical analysis perspective, professional analysts point out that the Bitcoin daily chart is forming a "cup and handle" pattern. If it can stabilize above $112,000, it is expected to challenge $230,000 in the coming months. If this major uptrend materializes, it will undoubtedly attract market attention to other innovative applications within the Bitcoin ecosystem and draw in more speculative funds.

In the context of rapidly changing global macroeconomic conditions, the market's demand for concepts such as "de-dollarization", "digital gold", and "limited supply" is increasing day by day. As the U.S. government considers restarting tariff policies, the Federal Reserve's meeting minutes signal a potential interest rate cut, and institutional investors begin to position themselves for a new round of long-term investments, Bitcoin prices and the capital flows within its ecosystem are showing significant interconnected effects. This not only signifies a phase peak in asset prices but also heralds an important turning point in the maturity of the entire cryptocurrency market.

The chain reaction brought about by Bitcoin breaking through its historical high again reflects not only the general recognition of investors regarding its anti-inflation capability, verifiability, and scarcity, but also provides greater development space for innovative applications built around this core asset. Whether it is short-term technical indicators or long-term supply and demand structures, they all indicate that the current situation is not the end, but the beginning of a new cycle. For investors who missed this round of increase, as industry insiders say, it is better to wait for the next opportunity than to regret. After all, true value lies not in short-term price fluctuations, but in a profound understanding of the logic of supply and the evolution of the market.

Disclaimer: Cryptocurrency investment carries high risks, with significant price fluctuations that may lead to loss of funds. This article is for reference only and does not constitute investment advice. Readers are advised to conduct their own research and make decisions cautiously.