Bitcoin has soared by an astonishing 3,900,000% since its first television mention in 2011, when it was valued at just $3. As of July 11, 2025, Bitcoin reached an all-time high of $118,210, driven by robust institutional demand and significant inflows into Bitcoin ETFs. This surge has resulted in the liquidation of over a billion dollars in short positions in a single day. Options traders are now targeting higher strike prices, with increased open interest in contracts set to expire later this year.