Bitcoin (BTC) continues to surprise. This Friday, the queen of cryptocurrencies made history once again by surpassing the $118,000 barrier, a new high that consolidates its spectacular rally into 2025. But the most interesting aspect isn't just the price, but the tsunami of institutional money pouring in through ETFs. Everything started to accelerate on Thursday, when exchange-traded funds recorded their best day of the year, with record inflows of $1.18 billion in just 24 hours. This massive influx of capital has been the perfect fuel for BTC to rise more than 6% in the last few hours.

Why has Bitcoin skyrocketed?

There are several factors behind this move. On the one hand, the market has received the latest Fed minutes with optimism, which suggest that rate cuts could be imminent. On the other hand, political uncertainty surrounding the Federal Reserve's independence (with Trump hinting at possible changes) has led many investors to seek refuge in decentralized assets.

The domino effect has been immediate: more than 650 million short positions in Bitcoin and 215 million in Ether have been liquidated in the last 24 hours, further fueling the rally. When the price rises, those who bet against it are forced to buy back, creating a virtuous bullish cycle. With these figures, Bitcoin heads into the week with a gain of nearly 8%, while Ethereum exceeds 16%. The next target? Analysts are hesitant to set a ceiling, but one thing is clear: institutions are here to stay, and this time they don't seem to be in a hurry to sell.