​​Bitcoin hits ATH above $118K: What’s driving the surge and what comes next?

💵 Bitcoin’s rally is largely fueled by record ETF inflows, including $1.18B on Thursday, the largest since Nov 2024. Total inflows now top $51B, with BTC accounting for 83% of it.

📈 As well as many major tokens, Ethereum followed the direction with an ~8% gain, climbing above $3K for the first time since February.

🔻 This surge triggered the largest wave of short liquidations in 2025: $1.13B in shorts were liquidated, affecting 237,000+ traders who bet against the rally.

🇺🇸 Next week, all eyes are on the U.S. “Crypto Week,” where CLARITY and GENIUS Acts will be reviewed. With the DXY at a 3-year low, favorable outcomes could further extend BTC momentum.

👉 cryptorank.io/price/bitcoin