BTC's positive dealer gamma at $120K is likely adding to consolidation, with key charts indicating severe uptrend exhaustion.
Sequans Communications has expanded its Bitcoin holdings by acquiring 755 BTC for about $88.5 million, at an average price of $117,296 per coin. This purchase raises the company’s total Bitcoin reserves to 3,072 BTC, now valued at over $358 million. The Paris-based semiconductor company continues to strengthen its position as a leading European corporate Bitcoin …
MARA Holdings raised $940.5 million in net proceeds to restructure previously issued debt securities and finance additional bitcoin purchases.
According to reports, Japanese investment firm Metaplanet has just added 780 Bitcoin to its stash. The move brings the company’s total holdings to over 17,000 BTC, worth about $1.73 billion at today’s prices. The move marks another big step for Asia’s largest public Bitcoin holder and underlines how seriously the firm is treating crypto. Related Reading: Bitcoin’s New Clock: How Wall Street Killed The Old Cycle, According To Expert Metaplanet Boosts Bitcoin Holdings Metaplanet paid an average of $118,622 per coin for this batch, spending nearly $93 million in the deal. Based on figures shared by CEO Simon Gerovich, the year‑to‑date yield on its Bitcoin portfolio sits at 450% as of July 28, 2025. The firm’s average cost across all 17,132 BTC now stands at $101,030 per coin. This latest purchase follows a similar buy of 797 BTC earlier this year, when prices hovered near $122,000. Metaplanet has acquired 780 BTC for ~$92.5 million at ~$118,622 per bitcoin and has achieved BTC Yield of 449.7% YTD 2025. As of 7/28/2025, we hold 17,132 $BTC acquired for ~$1.73 billion at ~$101,030 per bitcoin. $MTPLF pic.twitter.com/0dq4RswDhv — Simon Gerovich (@gerovich) July 28, 2025 A Challenge To The Big Player Michael Saylor’s firm, Strategy, still holds the crown as the largest public holder of Bitcoin. Strategy owns 607,770 BTC, valued at about $72 billion. That makes Metaplanet seventh on the list of public companies with Bitcoin, but the gap looks set to narrow if Metaplanet keeps buying at this pace. It all began with a quarter billion in bitcoin. pic.twitter.com/Ssbef084YQ — Michael Saylor (@saylor) July 27, 2025 Stock Price Reacts To The Purchase Shares of Metaplanet jumped 5% immediately after the announcement. The stock closed at 1,241 yen, even though it has slipped 7% over the past five days and 17% in the last month. Investors seem to welcome the aggressive strategy, though they’re also aware that swings in Bitcoin’s price can push the share price up or down quickly. Climbing The Ranks Of Bitcoin Holders Metaplanet aims to hold 210,000 BTC by the end of 2027. If it stays on track, the company could soon leapfrog the likes of Tesla, CleanSpark and Galaxy Digital—firms it already passed to reach fifth place at one point. Based on public data, Bitcoin Standard Treasury Company and Trump Media currently sit in fourth and sixth spots, showing how the leaderboard keeps shifting as new buyers step in. Related Reading: Bitcoin’s Parabolic Glory Days May Be Over, Analyst Claims Based on this trend, Metaplanet is staking its future on Bitcoin’s growth. It’s a bold plan and one that carries risk if crypto prices dip. Yet for now, the firm’s big buys and a nearly 450% return this year make it clear that Metaplanet sees Bitcoin as a core part of its strategy. As more companies pile in, Asia’s role in the world of institutional crypto is only getting stronger. Featured image from Getty Images, chart from TradingView
Quarterly realized volatility for Bitcoin is down to 70%, approaching historical lows and just above the 62% bottom seen in September 2023 when BTC traded at $26,000. The current cycle’s peak volatility of 143% is well below previous highs of 236%, reflecting the impact of institutional investors and steady capital inflows. Historically, periods of low …
Gauging key levels that could offer the best risk-reward ratio for those looking to join the bitcoin bull run.
After a tumultuous week, the Bitcoin price is starting to find its footing again, rising from major support around the $115,000 level. Currently, the pioneer cryptocurrency looks to be on the path of recovery and possibly moving toward new highs this week as momentum picks up. There is also the possibility of a coming short squeeze, as explained by crypto analyst Luca on X, using recent developments that show that the recent crash may have only been temporary. Bitcoin Shows Tendency To Cross $123,000 Again In an X post, Luca pointed to the Bitcoin market makers as the ones behind the recent price movements and that there was a reason for this. The initial move downward looked to be an attempt to flush out late longs as crypto traders tried to take advantage of the frenzy created by the new all-time highs. Related Reading: Ripple CEO Sounds Alarm: If You’re An XRP Investor, You Should See This Then a reversal moved into the works, catching shorters unaware and sweeping liquidity at support levels. This comes as bears were pulled into a false sense of security, believing that the price would continue to decline before being hit with the move back up above $118,000, triggering hundreds of millions of dollars in liquidations. All of this is happening at a time when things like the Bitcoin funding rate were falling. Coinglass data shows the Bitcoin OI-Weighted Funding Rate had fallen briefly below 0.01% on Sunday after reaching as high as 0.0167% earlier in the week on July 23. Luca further revealed that the Bitcoin Premium metric had also fallen back into the negative. Another interesting fact was the fact that the open interest had shot up when the Bitcoin price had declined. Then, once the price began to recover, the open interest began to rise once again, and Luca interprets this as short positions starting to get squeezed. If this squeeze continues, then the Bitcoin price could spike very quickly, taking out tens of thousands of short positions with it. Related Reading: Bitcoin Eyes Bounce off This Support Level In Reversal Campaign For $121,000 BTC Open Interest Tells A Story Of Exposure As the Bitcoin price has bounced between $115,000 and $120,000, the BTC open interest has barreled upwards in response. In fact, this metric sits at all-time high levels, shaking off the market uncertainty as crypto traders continue to open positions to bet on Bitcoin’s next move. The open interest had touched $87.89 billion back on July 15, and since then, it has averaged above $80 billion every day. Amid this, the Binance Long/Short ratio shows that shorters are currently dominating at 53.97% compared to 46.03% for long accounts. This lends credence to Luca’s expectations that the market could see a short squeeze to take out shorters and push the price to new all-time highs. Featured image from Dall.E, chart from TradingView.com
Bitcoin, which had spent the past week trading between $114,000 and $119,000, neared the $120,000 barrier as traders interpreted Trump’s tariff rollback as a signal of reduced macro uncertainty.
Billionaire investor Ray Dalio has advised allocating 15% of a portfolio to Bitcoin or gold for optimal diversification and return-to-risk, as shared on CNBC’s “Master Investor” podcast. While Dalio stresses he personally prefers gold over Bitcoin, he continues to hold some BTC. He highlights Bitcoin’s limited supply and transaction advantages, but doubts it will be …
Wirehouse advisors are finding a new way to give clients a taste of Bitcoin and Ethereum without asking them to wrestle with private keys or new wallets. Related Reading: Wall Street’s Bold Bet: Bitcoin Could Hit $200K By December, Banking Giant Says They’re pointing clients toward shares in companies like Strategy (MSTR) and Bitmine Immersion Technologies (BMNR). Those stocks hold or mine crypto directly, so owning a share is almost like owning a slice of Bitcoin or Ether itself. Treasury Stocks Offer Direct Crypto Exposure According to recent filings, Ark Invest bought about 4.4 million shares of BMNR, a position worth roughly $175 million. That move highlights how big investors view treasury stocks: they’re a familiar vehicle wrapped around digital assets. Strategy, for example, has nearly 200,000 BTC on its balance sheet. Bitmine runs mining rigs in Texas and Canada. By picking these stocks, clients get qualified audits, clear tax forms, and the usual oversight that comes with public companies. Robinhood offering a 2% match for crypto transfers, and VCs and other investors shifting staked ETH into Treasury companies (DATs) to double their money when lockups expire. As with $MSTR $BMNR,Treasury stocks are a way wirehouse advisors can give clients exposure to BTC and ETH. https://t.co/CzxOudBSTl — Cathie Wood (@CathieDWood) July 26, 2025 A Safer Bet For Investors Advisors consider that setup safer than telling clients to hold coins in a self‑custodied wallet. It also cuts through some of the more confusing bits of crypto taxes. Instead of a 1099‑B for every sale, you might only see a single line item covering gains or losses on your brokerage statement. A 1099-B is a tax form used in the US to report capital gains and losses from the sale of securities and other financial instruments. For many investors who still find blockchain a bit foreign, this route feels more like buying energy or software shares. Robinhood’s Bonus Spurs Transfers Beyond the equity route, Robinhood is trying its own trick to nudge people toward the broader crypto ecosystem. According to Ark Invest CEO Cathie Wood’s post on X, the platform now offers a 2% reward when users transfer crypto off Robinhood into their own wallets. Related Reading: Bitcoin’s New Clock: How Wall Street Killed The Old Cycle, According To Expert That small boost can cover transaction fees, or even leave a bit of extra crypto in the user’s pocket. It’s an incentive to explore DeFi apps or staking services outside of Robinhood’s walls. The move tracks closely with Ethereum’s recent staking unlocks. As lockups on ETH expire, wallets are once again able to send tokens freely. Platforms want to capture that flow. By front‑loading a transfer credit, Robinhood hopes to win new users on the promise of more yield down the road. Featured image from Pexels, chart from TradingView
Bitcoin price is eyeing a fresh increase above the $118,500 resistance. BTC must clear the $120,500 resistance zone to gain bullish momentum in the near term. Bitcoin started a fresh increase after it cleared the $118,500 zone. The price is trading above $118,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $118,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $120,500 resistance zone. Bitcoin Price Aims Key Upside Break Bitcoin price started a fresh increase from the $115,000 zone. BTC climbed above the $116,500 and $117,800 resistance levels to move into a positive zone. Besides, there was a break above a key bearish trend line with resistance at $118,300 on the hourly chart of the BTC/USD pair. The bulls were able to push the price above the $118,500 resistance. A high was formed at $119,795 and the pair is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $114,733 swing low to the $119,795 high. Bitcoin is now trading above $118,800 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $119,800 level. The first key resistance is near the $120,000 level. The next resistance could be $120,500. A close above the $120,500 resistance might send the price further higher. In the stated case, the price could rise and test the $122,500 resistance level. Any more gains might send the price toward the $122,500 level. The main target could be $123,200. Another Drop In BTC? If Bitcoin fails to rise above the $120,500 resistance zone, it could start another decline. Immediate support is near the $118,600 level. The first major support is near the $117,800 level. The next support is now near the $117,250 zone or the 50% Fib retracement level of the upward move from the $114,733 swing low to the $119,795 high. Any more losses might send the price toward the $116,600 support in the near term. The main support sits at $115,500, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $118,600, followed by $117,250. Major Resistance Levels – $119,800 and $120,500.
The Tokyo-listed firm's latest purchase brought its total holdings to 17,132 BTC, worth roughly $2 billion based on current market prices.
A Bitcoin whale from the early 2010s, holding coins mined or acquired in Bitcoin’s infancy, recently awakened and sold 80,000 BTC. The sale was handled by Galaxy Digital, which executed the transfer of over 80,000 BTC (worth $9 billion) on behalf of this client, who is described as a “Satoshi-era” investor. Despite this massive sale and the volatility that came after, Bitcoin has managed to steady and the ensuing price action shows that bulls were more than prepared to absorb the sell shock. Related Reading: Wall Street’s Bold Bet: Bitcoin Could Hit $200K By December, Banking Giant Says Bitcoin Dips To $115,000, Bulls Quickly Bought The Dip News of the $9 billion Bitcoin sale initially caused price volatility. Bitcoin’s price had recently been trading around $119,000, so the sudden influx of sell orders caused a short-lived pullback. On July 25, as reports of Galaxy’s whale sale spread, BTC/USD swiftly fell to around $114,000 to $115,000. The sheer size of 80,000 BTC (over 0.4% of total supply) hitting the market had the potential to trigger panic. Indeed, there were signs of profit-taking and higher exchange inflows in the days surrounding the sale. This, in turn, led to a 3.5% drop, which is one of Bitcoin’s steepest intraday dips in weeks, temporarily breaking below the $115,000 support level. However, it soon became clear that Bitcoin’s bulls were more than prepared to absorb the shock. The price decline bottomed out in mere hours. By the end of that same day, Bitcoin had rebounded above $117,000, and it was trading back in the mid-$117,000. This rapid recovery demonstrated remarkable liquidity and depth in the Bitcoin market. “80,000 BTC, over $9 billion, was sold into open market order books, and Bitcoin barely moved,” observed crypto analyst Joe Consorti, showing how quickly buyers stepped in to counter the selling pressure. Image From X: Joe Consorti Back in earlier years, a sell order of this magnitude could have triggered a double-digit percentage price crash. By contrast, the ecosystem in 2025 handled it with surprising ease. “The entire sale has been fully absorbed by the market,” noted Bitcoin analyst Jason Williams. What’s Next For Bitcoin Price? With the whale’s 80,000 BTC sale now largely in the rearview mirror, the next step is looking ahead to where Bitcoin might go from here. The fact that the market digested a $9 billion sell-off with only minor turbulence has many observers feeling even more bullish about Bitcoin’s trajectory. “We’re going so much higher,” Jason Williams noted. It’s a sentiment shared by several crypto analysts on X, who see the quick recovery as evidence of strong upward momentum. The consensus among bulls is that new all-time highs could be on the horizon in the coming months. Bitcoin already notched a record around $123,000 on July 14, but analysts are still calling for new highs above $130,000, $150,000, or even higher. Related Reading: Bitcoin’s New Clock: How Wall Street Killed The Old Cycle, According To Expert At the time of writing, Bitcoin is trading at $118,063, up by 0.5% in the past 24 hours. Featured image from Unsplash, chart from TradingView
Top market analyst Ali Martinez has shared on-chain data that tips Bitcoin to reach a $130,000 valuation, albeit on one condition. This bullish price prediction comes following a slight 2.6% price rebound over the past two days, pushing Bitcoin within the $118,000 price range. Related Reading: Bitcoin Price Could Still Tumble Down To $109,000 — This Chart Pattern Suggests So $110K Emerges As Crucial Bitcoin Support Zone – Here’s Why In an X post on July 26, Ali Martinez postulates that Bitcoin may be on track for a significant leg higher based on recent data from the MVRV pricing bands by Glassnode. However, the premier cryptocurrency must avoid losing a certain support zone to prevent an invalidation of this bullish thesis. The MVRV bands, derived from Market Value to Realized Value (MVRV) ratios, help visualize when Bitcoin is either overvalued or undervalued relative to its historical realized price. These bands function like Bollinger Bands but are grounded in on-chain fundamentals, tracking statistical deviations around the mean MVRV value. As of July 23, 2025, Bitcoin was trading at approximately $118,782, following a steady climb over recent weeks. According to the MVRV pricing model, the cryptocurrency was hovering just beneath the +1.0σ deviation band, marked at $130,756, representing the next major price resistance and target. Notably, the +1.0σ band is also interpreted as a key zone of extreme market optimism, often preceding local tops (+2.0σ) On the other hand, the model’s +0.5σ band sat at $109,858 below the current market prices, serving as a vital support threshold. Ali Marinez explains that Bitcoin must maintain its price level above this band to retain a high probability of continuation toward the +1.0σ level target based on historical patterns. However, a breakdown below $110,000 could signal a deeper correction, potentially down to the mean band at around $88,960, or lower toward $68,062 (-0.5σ). Related Reading: AVAX Ready For Range Breakout – Bulls Eye $36 Price Target Bitcoin Investors Take Profits With Rising Market Confidence According to more data from the MVRV model, the growing distance between BTC’s realized price, around $50,831, and its present market price reflects growing investor conviction. For context, the realized price represents the average cost basis of all coins in circulation, thereby indicating how deeply in profit the average Bitcoin holder is at the moment. At press time, the premier cryptocurrency trades at $118,178 following a 0.73% in the past day. However, the daily trading volume is significantly down by 53.39% and valued at $47.98 billion. According to price prediction site Coincodex, the Bitcoin market sentiment remains largely bullish, with the Fear & Greed Index nearing extreme greed at 72. Coincodex analysts project the leading cryptocurrency to maintain its current rebound, rising to $122,019 in five days and $141,075 in a month. Featured image from iStock, chart from Tradingview
Asymmetric’s Liquid Alpha Fund has shut down, reportedly after steep losses. I asked top VCs why liquid strategies are struggling — and what it takes to get them right.
The price of Bitcoin has continued to impress investors in 2025 despite doubts after the top crypto hit a six-figure valuation at the tail end of 2024. As a result, the expectations of an altcoin season have seemed like a pipe dream so far this year. Nevertheless, that is not to say the altcoin market has not seen outstanding performers in 2025 — one of them being TRON (TRX). According to data from CoinGecko, the price of TRX is up by about 25% year-to-date. TRX In Underperformance Zone Relative To BTC On Saturday, July 26, Alphractal CEO & founder Joao Wedson took to the social media platform X to analyze the dynamics between Bitcoin and TRON, two of the largest assets in the crypto market. According to the on-chain expert, the TRX token might outpace the premier cryptocurrency in the coming months. Related Reading: Ripple CEO Sounds Alarm: If You’re An XRP Investor, You Should See This This interesting prediction is based on the TRX Opportunity Score metric, which tracks when the TRON token is outperforming or underperforming Bitcoin. Typically, this metric combines various indicators, including the TRX/BTC ratio, daily returns, volatility, Beta, and correlation. According to Wedson, the current TRX Opportunity Score suggests a potential turning point for the TRON price relative to the price of Bitcoin. The on-chain analyst revealed that the altcoin has once again entered a zone of underperformance relative to BTC — a phenomenon that has preceded strong reversals in the past. Wedson explained that every time TRON dropped into the red or orange zones on the chart (indicating weakness), it often began strong relative upward trends and went on to outperform Bitcoin. “This pattern has repeated across several past cycles — and it seems to be forming once again,” the on-chain expert added. With TRON seemingly bound to outpace Bitcoin in the coming weeks, Wedson suggested that investors might want to consider rotating some capital from BTC into TRX. “It may be strategically interesting to consider rotating a small portion of BTC into TRX, aiming to front-run a possible TRX outperformance in the coming months,” the Alphractal CEO said. Bitcoin And TRON Price As of this writing, the price of BTC sits just beneath $118,100, reflecting an over 10% increase in the past month. In comparison, TRON is valued at around $0.3197, with an almost 18% price growth in the past 30 days. Related Reading: $4B Increase In Bitcoin Open Interest Fueled By Whale Transfers To Exchanges – Details Featured image from Gemini Imagen, chart from TradingView
The offering doesn't give investors direct bitcoin exposure, but rather uses the asset's historical return profile to sustain high payouts.
The Bitcoin market recorded a minor 0.67% price gain in the last 24 hours, amid a brief return to the $118,000 price territory. This modest price increase forms part of a rebound observed over the previous 48 hours, following a significant 4% price correction earlier last week. Looking ahead to the new week, renowned market analyst with X username KillaXBT has identified two potential price development scenarios for the premier cryptocurrency. Related Reading: Bitcoin Price Holds Above $115,000 — Here’s Why This Level Is Significant Bitcoin Sees Bounce From Key Demand Zone, But What’s Next? In an X post on July 26, KillaXBT provides an in-depth technical analysis of the Bitcoin market to map out the asset’s potential price trajectory in this new week. The popular market expert duly notes that Bitcoin experienced a price bounce after dipping into a key demand zone around $115,000, which they also described as an ideal long entry region. As earlier stated, the crypto market leader has since climbed to $118,000 following this price rebound. However, KillaXBT notes there is an established CME Gap around $117,071, which is likely to serve as a price magnet in the short term. For context, CME gaps are price gaps on the Chicago Mercantile Exchange (CME) Bitcoin futures chart that occur when Bitcoin’s price moves significantly on the spot market when CME markets are closed, typically over the weekend. In view of next week, KillaXBT explains scenario 1 in which the Bitcoin market opens on a bullish note. In this case, the analyst states investors should expect Bitcoin to eventually form a higher low, ideally through a sweep of liquidity around the $116,000 area. However, if Bitcoin bulls can effectively hold this price pocket, it would trigger fresh long setups with stop losses tucked below the prior week’s low. In scenario 2, KillaXBT paints a more aggressive situation in which Bitcoin performs a double sweep of last week’s wick low around $114,800, thereby effecting a ruthless liquidity grab before an upward reversal. However, the market expert favours the reality of scenario 1, following the earlier liquidity grab with the price dip to $115,000. Related Reading: XRP Produces Successful $3 Support Retest – But What Next? The Invalidation Risk Regardless of which scenario, KillaXBT has highlighted certain developments that could neutralize the prospects of a bullish reversal. In particular, the analyst explains that failure for the price to hold above the recent wick lows following a retest would force Bitcoin prices to deeper imbalance zones between $112,000 – $113,800. At the time of writing, Bitcoin trades at $117,900, reflecting a 0.21% gain in the last seven days. Featured image from Pexels, chart from Tradingview
Bitcoin has climbed 250% since BlackRock’s IBIT launch. But those massive green candles—spikes traders chase—could become a thing of the past. Related Reading: Bitcoin’s New Clock: How Wall Street Killed The Old Cycle, According To Expert According to Bloomberg analyst Eric Balchunas, the era of sudden jolts up or down may be ending. He says that spot ETFs and big companies piling in will smooth out those drawdowns. Spot ETF Approval Era Balchunas pointed out that IBIT just passed $100 billion in assets under management. Based on his view, that landmark tells you everything. Bitcoin traded between $116,000 and $120,000 after Galaxy Digital sold 80,000 coins. No panic sell‑off followed. Before ETFs, a sale like that could send prices tumbling by double‑digit percentages. Now, deep corrections look less likely. This guy gets it. We’ve been saying same thing. Since BlackRock filing Bitcoin is up like 250% with much less volatility and no vomit-inducing drawdowns. This has helped it attract even bigger fish and gives it fighting chance to be adopted as currency. Downside is prob no more… https://t.co/0ECd5XevcO — Eric Balchunas (@EricBalchunas) July 26, 2025 In‑and‑out profit‑hunters once drove Bitcoin up or down by 20% or more in a day. But steady inflows from regulated products lure in large investors. Balchunas argues that fewer wild swings will make crypto more useful for buying coffee or paying bills. He believes this shift will help Bitcoin behave more like a real currency and not just a roller‑coaster asset. Institutional Steady Hands Based on reports from Citigroup, every $1 billion of ETF inflows can lift Bitcoin by about 3.6%. Using that math, Citi sees Bitcoin hitting $199,000 before December 31. That forecast depends on steady money flowing in. Big funds make big bets. And those bets tend to stick around longer than retail traders chasing quick gains. Citigroup notes that BlackRock’s IBIT became the fastest ETF to reach $100 billion. That matters because it shows how hungry big players are for crypto. If those trends keep up, Bitcoin could push past its current trading band. It may even test new highs without the classic “God candle” leaps that gave quick fortunes—and quick losses. Volatility Trade‑Offs Meanwhile, some analysts warn that early Bitcoin whales are taking profits and stepping aside. As institutions arrive, some old‑school traders will leave. That could shift volume to less regulated spots or exotic derivatives markets. In a calmer main market, risks may hide in side channels. Related Reading: Wall Street’s Bold Bet: Bitcoin Could Hit $200K By December, Banking Giant Says Lower volatility brings fewer heart‑stopping moments. It also means less of the adrenaline rush that attracts day‑traders. For some, that trade‑off is worth it. For others, the loss of big swings could drive them away. Calmer Waters Ahead? Overall, Bitcoin seems to be entering a new phase. Based on Balchunas’s take, those “God candles” won’t vanish overnight—but they’ll be rare. The push from spot ETFs and corporate treasuries aims to make price moves smoother. Featured image from Meta, chart from TradingView
According to Matt Hougan, chief investment officer at Bitwise, what used to be a near‑perfect four‑year Bitcoin pattern now looks less reliable. Supply cuts, rate moves and crash risks once drove big swings. Now, fresh forces are taking over. Related Reading: Wall Street’s Bold Bet: Bitcoin Could Hit $200K By December, Banking Giant Says Halving’s Impact Shrinks Every Cycle Hougan points out that each Bitcoin halving still cuts new coins by 50% but matters less over time. In early cycles, that shock fueled parabolic runs. Today, with a market cap in the hundreds of billions, the same supply cut is half as important every four years. Back in 2016 and 2020, prices jumped more than 150% around halving events. Now, moves hover under 50% in similar windows. Based on analysis from the Bitwise CIO, interest rates have been friendlier this time around. In 2018 and 2022, tightening by the US Federal Reserve coincided with brutal crypto drops that sent Bitcoin down 72% and 69% from peak to trough. Now, rates are easing or on pause, so crypto often trades up rather than down. Why is the four-year cycle dead? 1) The forces that have created prior four-year cycles are weaker: i) The halving is half as important every four years; ii) The interest rate cycle is positive for crypto, not negative (as it was in 2018 and 2022); iii) Blow-up risk is… https://t.co/F9ybjHEeB5 — Matt Hougan (@Matt_Hougan) July 25, 2025 Institutional Trends Outrun Old Rhythms Hougan highlights that ETFs are the new growth engine—and they run on a 5–10 year timeline. Spot Bitcoin ETFs launched in January 2024 and have since taken in over $10 billion in net inflows. That steady stream can’t be pinned to a single four‑year blip. Pensions and endowments are getting ready too. Many big investors only started talking crypto last year, and it takes quarters or years for them to clear internal hurdles. When they finally jump in, their billions could reshape markets far beyond retail waves. ????DID I HEAR SUPER CYCLE??? The four-year cycle is dead and adoption killed it.@Matt_Hougan says we’re going higher in 2026. Early profit takers will be left behind!!! Full break down with @JSeyff and @Matt_Hougan in comments???? pic.twitter.com/Ffn9penapN — Kyle Chassé / DD???? (@kyle_chasse) July 25, 2025 Regulation Gains Traction This Year According to Hougan, regulatory clarity began in January 2025 with new custody rules, tax guidelines and licensing regimes. Those steps cut systemic risk and pave the way for banks and asset managers to roll out crypto services on their platforms. Based on his analysis, the recent Genius Act—passed this month—opened doors on prime‑broker platforms. That means trading desks, clearing houses and research teams can invest billions in weeks and months. This kind of build‑out takes time, but it lasts. Related Reading: Crypto’s Golden Rule Just Got Broken, According To Analyst Treasury Firms Emerge As A Wild Card One fresh cyclical‑style risk Hougan flags is the rise of Treasury companies offering short‑term lending and yield products. If they grow too fast without proper checks, a blow‑up could still trigger a market sell‑off. It’s a new kind of hazard that didn’t exist in past cycles. Featured image from Unsplash, chart from TradingView
As the August 1 deadline for a U.S.–Europe tariff deal approaches, talks between the Trump Administration and the European Union have reached a critical stage, and investors are hopeful that a deal will be reached in time to calm global markets. Investors hold their breath for a U.S.–Europe tariff deal The U.S. and EU are […]
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Bitcoin experienced heightened volatility on Friday, briefly dipping to a local low of around $114,700 before stabilizing within a tight consolidation range. The price remains capped below the psychological $120,000 mark, with bulls and bears locked in a tug-of-war that has intensified speculation across the market. Despite the pullback, Bitcoin is holding key support, suggesting resilience in the current bullish structure. Related Reading: TRON Drops Q2 Report: Revenue, USDT Dominance Lead Multi-Quarter Highs According to CryptoQuant analyst Axel Adler, this week stands out as one of the most aggressive selling periods of the current bull cycle. Adler notes that only 12 weeks—about 7.3% of the entire cycle—have shown equal or greater selling pressure. This context highlights just how intense the recent market activity has been, with significant profit-taking from investors but no full breakdown in price. The combination of strong selling and price stability has introduced a high level of uncertainty. Market participants are watching closely for confirmation of either a deeper correction or a renewed push to break the $120K barrier. As the week closes, Bitcoin’s ability to maintain its consolidation range could determine the pace and direction of the next major move in this cycle. Bitcoin Holds Strong Amid Heavy Selling Adler highlighted that this week ranks among the top 7% of the most extreme in terms of selling volume during the current Bitcoin bull cycle. Despite the intense selling pressure, Bitcoin has shown notable resilience, recovering to $117,000 by week’s end. This rebound is seen as a positive signal, reflecting bullish strength in the face of aggressive distribution. While Bitcoin remains in a tight consolidation range, its dominance is starting to weaken relative to Ethereum and other major altcoins. This shift has caught the attention of analysts who now view this week as a pivotal moment. A continued decrease in Bitcoin dominance paired with growing strength in altcoins could mark the beginning of the long-anticipated altseason—a period where capital rotates from Bitcoin into alternative cryptocurrencies, driving strong gains across the sector. Still, Bitcoin’s recent recovery and consolidation above key support suggest that its bullish momentum may not be over. If buyers continue to defend the current range, BTC could be gearing up for another leg higher, putting pressure on shorts and reigniting market confidence. Related Reading: $4B Increase In Bitcoin Open Interest Fueled By Whale Transfers To Exchanges – Details BTC Retests Resistance After Strong Recovery Bitcoin (BTC) is currently trading around $117,867 on the 4-hour chart after recovering sharply from the $115,724 support level. This area has proven to be a critical short-term demand zone, with bulls stepping in aggressively to defend it following a recent dip. The price is now pressing against the 100-period SMA ($117,822), attempting to reclaim this level as support. The structure of the chart shows BTC remains locked in a well-defined consolidation range between $115,724 and $122,077. This week’s retest of the lower boundary and subsequent bounce signals continued interest from buyers, despite strong selling pressure earlier in the week. Volume remains elevated, suggesting active market participation during the recent recovery. Related Reading: Ethereum Whales Accumulate Over $4.1B In ETH In Two Weeks – Details The key to watch now is whether BTC can flip the 100 SMA and hold above $118,000. If confirmed, the next major test will be the upper range resistance at $122,077. A clean breakout above this level could set the stage for new all-time highs. Featured image from Dall-E, chart from TradingView
Galaxy’s $9 billion BTC sale for a Satoshi-era investor prompted Scott Melker to suggest some early whales are losing faith, sparking intense debate on X.
Bitcoin is holding steady above $118,000 despite the recent ups and downs in the market. As of now, Bitcoin is trading at $118,274 and showing signs of strength after brushing off selling pressure and minor pullbacks earlier this week. This comes at a time when investors have been watching closely to see whether the crypto …
The crypto market is starting to go more mainstream, especially after the new GENIUS Act was passed last week. That news has helped push Bitcoin to even higher levels of dominance, meaning most of the money right now is flowing into Bitcoin rather than altcoins. But as investors start buying during the altcoin dip, popular …
The Bitcoin price has been quite indecisive in its action over the past week, jumping between the $117,000 and $120,000 consolidation zone in that period. The flagship cryptocurrency, however, came tumbling toward the $115,000 mark following massive coin movements toward centralized exchanges in the past day. Interestingly, a prominent market expert has put forward an even more bearish outlook for the Bitcoin price over the next few weeks. With this latest projection, the price of BTC seems to only be at the beginning of a downward spiral, which could worsen over the coming days. How BTC Price Could Be At Risk Of Extended Decline In a July 25 post on social media platform X, Chartered Market Technician (CMT) Aksel Kibar painted a bearish picture for the Bitcoin price after falling to $115,000 on Friday. According to the analyst, the flagship cryptocurrency could be on its way to around $109,000 in the coming days. Related Reading: This Australian Investment Manager Just Added Bitcoin To Its Treasury, Here’s How Much BTC They’ve Bought Kibar’s bearish stance revolves around the inverse head-and-shoulder pattern on the Bitcoin price chart on the weekly timeframe. The inverse head-and-shoulders pattern is a technical analysis formation characterized by three distinct price troughs, including a lower “head” set between two higher “shoulders.” Typically, the inverse pattern signals a possible bullish breakout and is validated when the price breaches the neckline — a trendline connecting the crests (swing highs) between the head. As shown in the chart below, the Bitcoin price has already broken through the neckline to reach a new all-time high. However, Kibar explained that the price breakout witnessed by Bitcoin might not be the textbook breakout typically expected in most inverse head-and-shoulders pattern scenarios. According to the market expert, most head-and-shoulder breakouts are followed by pullbacks and retests rather than straight rallies. Chart data provided by the analyst shows that, since May 2017, the Bitcoin price has witnessed a retest or pullback (type 2 continuation) more times than a straight rally (type 1 continuation) after a head-and-shoulder pattern breakout. This trend explains the rationale behind Kibar’s bearish projection for BTC in the next few days. If the price of Bitcoin does suffer a deeper correction as in the type 2 continuation, it is likely to return to the neckline — and around the $109,000 mark. A move like this would represent an over 5% decline from the current price point. Bitcoin Price At A Glance After a horrendous start to the day, the market leader seems to be recovering nicely from its recent fall to $115,000. As of this writing, the price of BTC stands at around $117,323, reflecting a mere 0.6% decline in the past 24 hours. Related Reading: Bitcoin Pullback Remains Within Normal Volatility Range: Drawdown Analysis Shows No Signs Of Panic Featured image from iStock, chart from TradingView
After surging to a record high around $123,000 in the second week of July, the Bitcoin price action for the rest of the month has been largely choppy. However, the flagship cryptocurrency dropped to a level just above $115,000 on Friday, July 25. This abrupt decline came with the expected question in the market: Is the rally over? Here’s How $115,000 Could Be Critical To BTC’s Price In a recent post on the social media platform X, crypto pundit Burak Tamaç highlighted the relevance of the region below the $115,000 level for the price of BTC. This on-chain observation, which is based on the BTC Supply Distribution URPD, showed how the Bitcoin price could play out in the near future. Related Reading: Bitcoin Eyes Bounce off This Support Level In Reversal Campaign For $121,000 The Supply Distribution URPD metric tracks the amount of Bitcoin supply last moved or transferred at particular price levels. This metric is specifically useful in identifying potential support (demand) and resistance (supply) zones. Tamaç pointed out on X that there is a significant void in Bitcoin’s Unspent Transaction Output (UTXO) distribution just around the $110,000 and $115,000 bracket. What this means is that there have been relatively fewer significant transactions around this price region in the recent past. However, this UTXO gap sits above a price region ($90,000 to $110,000) thick with significant investor activity. Considering the level of activity within this zone, there is an increased likelihood of the premier cryptocurrency finding a support cushion just within the UTXO gap. In this context, the support is to be above the $110,000 price level. As mentioned earlier, after Bitcoin reached a new all-time-high price, the premier cryptocurrency entered a consolidatory phase, where it has moved mostly sideways in the second half of July. During this period of indecisive price action, it can be observed that the Bitcoin price has not gone below the $115,000 price. What this means is that the $110,000 and $115,000 zone is likely where a new UTXO support has been established. If Bitcoin prevails above this price level, we can expect to see continued bullish momentum. On the flip side, if the $110,000 — 115,000 support zone fails, the flagship cryptocurrency might experience a severe sell-off. Bitcoin Price At A Glance As of this writing, Bitcoin is valued at about $118,050, reflecting an almost 2% jump in the past 24 hours. Related Reading: Bitcoin Eyes Bounce off This Support Level In Reversal Campaign For $121,000 Featured image from iStock, chart from TradingView
Despite growing ownership rates, most Americans view cryptocurrency as a risky investment, with 64% of U.S. investors considering it "very risky."
The decision to invest in bitcoin was driven by the depreciation of fiat currencies, rising global financial uncertainty, and a desire to diversify its asset portfolio.
Bitcoin remains above $118,000 after achieving a $1 trillion realized market cap, a key milestone reflecting its growing role in the global financial system.