Bitcoin Breaks All-Time High at $112K Amid Retail Pullback

Bitcoin has reached a new all-time high of $112,152, marking a significant milestone in the cryptocurrency market. The surge comes amid a noticeable decline in retail activity over the past few days.

🥳 Bitcoin has officially made a new all-time high, achieving a market value of $112,152 just 30 minutes ago. Unsurprisingly, many retailers had been dropping out due to boredom or disbelief over the past few days.

🐳 History has shown that this is a prime sign of a potential… pic.twitter.com/r1IQWqZcG3

— Santiment (@santimentfeed) July 9, 2025

Many smaller participants had exited due to boredom, disbelief, or general loss of interest. According to blockchain intelligence platform Santiment, such retail fatigue often precedes significant upward moves.

BTC Rebounds as Shorts Liquidate

Historically, when retail exits in fear or doubt, institutional players step in. The market often moves against crowd sentiment, and this breakout appears to be following that pattern.

Reflecting the strength of the move, $192 million worth of bitcoin short positions were liquidated following the surge in price. The scale of liquidations signals that many were betting against the rally.

Bitcoin’s momentum has also propelled it up the global asset rankings. It has now overtaken Google to become the sixth-largest asset in the world by market value.

Calls to Accumulate BTC Persist

Bitcoin’s recent price movement has drawn renewed attention from public figures. Robert Kiyosaki, author of Rich Dad Poor Dad, recently reaffirmed his support for bitcoin, calling it “priceless” when it traded at $107,000 two weeks ago.

He said he was still buying, even at that level, and reflected on his earlier hesitation when BTC was just $6,000, a price he once thought was too high. Kiyosaki explained that his reluctance stemmed from a lack of understanding of how money functions in today’s economy.

Over time, he began to view the asset as a hedge against inflation and central bank control. While he acknowledges that BTC’s future remains uncertain, he believes it could eventually reach $1 million and encourages people to buy whatever amount they can, even a single Satoshi.

Back in May, when bitcoin hit a previous record above $111,000, Kiyosaki remarked that owning even 0.01 BTC could be “priceless” within two years. He described the period as one of the easiest times to build wealth through bitcoin, signaling a long-term outlook despite the short-term market risks.