BlockBeats news, on July 11th, Bitcoin recently broke through $116,500, setting a new historical high, with an increase of nearly 20% this year. This wave of rise is mainly driven by several favourable factors: the Fed's interest rate cut expectations, the tax spending bill signed by Trump, and the easing of the global tariff war, all of which have intensified the market demand for safe-haven assets like Bitcoin. Bitcoin's breakthrough has led the market to follow whether it can continue to rise, especially whether it can touch the psychological barrier of $200,000. According to the analysis by Adam Guren, Chief Investment Officer of Hunting Hill, this rise in Bitcoin reflects the compound effect of ETF fund inflows, increasing institutional adoption, and a favourable macro environment. Unlike previous cycles, the current demand is structural, regulated, and sticky, meaning that it is.