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Bitcoin broke all previous records by reaching a new historical high (ATH) in the amount of $ 123,091, which caused former Binance CEO ChangPeng Zhao (Cz) place a milestone in a historical point of view by calling “only a fraction” of what to come.
Cz reminds It followed that after buying Bitcoins in 2014 it took three years to achieve $ 1,000 in January 2017, and noted that today’s excitement of current maximums will seem minimal in the future.
After I bought Bitcoins in 2014, it took 3 years for $ 1,000 to reach again in January 2017. We were excited. Now it’s just a small fraction, less than 1%.
Today you could be enthusiastic about the current ATH. In a few years it will be just a fraction.
– cz
BNB (@cz_binance) 14 July 2025
Bitcoin ATH erased short positions of $ 1.3 billion
The latest overvoltage was destroyed by $ 1.3 billion in short positions in less than 60 seconds when Bitcoin jumped around $ 120,000 and went directly to $ 121,000.
Bitcoin is now officially increasing for market capitalization of $ 2.39 trillion than Amazon and ranks as the fifth largest asset in the world according to market value.
Krypto markets added $ 1.2 trillion to the market ceiling because Trump President stopped on April 9 “reciprocal tariffs”, with Bitcoins won $ 15,000 because the house passed the Trump “Big Beautiful Bill” July 3.
Kobeissi letter describes Bitcoin as input ”Crisis“Because the asset creates a new highest maximum several times a day.
Historical gatherings come as institutional capital can no longer ignore bitcoins, family offices, security funds and conservative funds that want to assign approximately 1% of assets under BTC.
Bitcoin ETF Ibit has reached a record $ 76 billion in managing in less than 350 days, compared to the Gold ETF GLD lasting 15 years before it achieved the same milestone.
Historical context supports the ongoing bull market on the market
Current Bitcoin gatherings maintain historical patterns, where 30-40%are multiple corrections during bulls, but the largest correction in this cycle was only 23.48%.
Previous main repairs include 2017-2018 accident from $ 20,000 to $ 3,200, which is a decrease of 84% and a decline in 2021-2022 from 69,000 to $ 15,600, which means 77% of the repair.
The Bear Market 2013–2015 recorded Bitcoin a decline of 87% of $ 1,100 to $ 152 after the Mt. Gox, while 2017 experienced four significant repairs from 29-40% before the final at $ 20,000.
Recent cycles show that corrections become less serious, often stay within 20-25% of bull ranges.
Historical data show that bitcoins usually experience repairs induced by regulators, macroeconomic shifts, exchanges or profit after a rapid increase.
The largest market with 23.48% of the bull market remains within normal parameters compared to previous cycles, which included more corrections of 30-40%.
In fact, the letter Kobeissi noted in its analysis that the S&P 500 in bitcoin conditions has fallen by 15% and 99.98% year -on -year.
The excellent performance of bitcoins has proven itself as a growth asset and inflation hedge during the period of monetary expansion.
With that can be safe to say that exists No time to buy bitcoins but always is the best timeWhich is now or after repair.
Technical analysis confirms the exponential growth formula
Bitcoin has achieved something that never learned by breaking over the seven -year trend of the line in the lunar chart, which is the resistance that has been containing every peak of the bull market since 2018.
The breakthrough is a massive shift, given that Bitcoin has entered the uncharted territory technically and basically.
In addition, the weekly logarithmic graph reveals adherence to bitcoins to a strong long -term exponential growth curve since 2023.
Bitcoin is currently traded within an ascending channel, screening is expanding to $ 200,000 to December 2025, with exponential acceleration expected to increase the price.
Interestingly, these assemblies have noticed that bitcoins close their highest daily and weekly candles in their history at the same time.
The lack of significant upper wicks suggests that sellers were unable to push prices from heights, confirmed by permanent purchase pressure across more time frames.
The logarithmic scale reveals a real exponential growth formula of bitcoins, where the following bull markets will reach exponentially higher peaks.
Mathematical development has remained consistent in multiple cycles and the purchase is now not a long -term risk.
Record closures on daily and weekly time frames usually occur during the strongest bull phases.
This coordination across several time frames suggests that short -term and medium -term participants are in line with their bull view.
The combination of technical escapes and basic catalysts will place bitcoins for continuing recognition to target $ 150,000-200,000 in the coming months.
However, if unexpected occurs, less than 30% of correction may occur and even more opportunities to buy low.
Contribution Bitcoin breaks $ 123,000, cz calls it “only a fraction” – is it now a good time to buy? He appeared for the first time Cryptonews.
