THE LATEST CRYPTO NEWS

A single-word reply on X from Rep. Anna Paulina Luna (R‑FL) — “Confirmed” — rocketed through the crypto markets early Wednesday, convincing a growing chorus of traders that Federal Reserve Chair Jerome Powell’s tenure is measured in days, not months. Within minutes of Luna’s affirmation that “Jerome Powell is going to be fired. Firing is imminent,” prediction‑market odds of his ouster on Polymarket leapt to 26 percent, the highest reading this year, up from 16 percent only 24 hours earlier. A White‑House‑backed search is already under way. Treasury Secretary Scott Bessent, in an on‑record Bloomberg interview, acknowledged “a formal process that’s already starting” to identify Powell’s successor, adding that “there are a lot of good candidates inside and outside the Federal Reserve.” Related Reading: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts President Donald Trump underscored the point during an impromptu press gaggle, repeating last week’s warning that “the renovations at the central bank were a fireable offense.” Those renovations — an over‑budget, $2.5 billion overhaul of the Fed’s historic Eccles Building — have become the legal pretext for dismissal, with Trump allies alleging “inefficiency” and “neglect of duty,” two of the three causes for removal spelled out in the Federal Reserve Act. Powell has asked the Fed’s inspector general to reopen its review of the project. Notably, Bill Pulte, the Federal Housing Finance Agency head and a longtime Powell critic, confirmed the rumors to his followers on X: “I heard from a very credible, bipartisan source, today, that Jerome Powell is considering resigning. This maps with both reports and also the talk in DC.” Crypto Markets Sense A Massive Bull Run The Bitcoin and crypto prices haven’t shown any reaction to the rumor yet. After piercing $123,000 on Monday, BTC is still 4.5 percent below the record high. The entire crypto market seems to be in a wait-and-see position. However, long-term, the implication could be profound for the crypto markets. “I cannot think of a more bullish catalyst for Bitcoin in the past five years than the complete and utter humiliation of Jerome Powell,” wrote macro commentator Julian Figueroa, pointing to what he called the “façade” of central‑bank independence collapsing in real time. Related Reading: Happy Ending: Crypto Hacker Returns Funds From $42 Million GMX Exploit Long‑time trader Byzantine General echoed the ambivalence: “Powell was actually a great Fed chair. But… if he resigns then it’s very likely that whoever comes next will lower rates, which is bullish for our cryptographic currencies.” Should President Trump succeed in replacing Powell with a more accommodating successor—one prepared to deliver the “three‑percentage‑point” rate cut he has publicly demanded—the Federal Reserve would likely be forced to shelve its balance‑sheet runoff precisely as Washington ramps up fresh fiscal stimulus. That synchronous pivot away from quantitative tightening would flip the liquidity regime from drain to deluge, recreating the macro backdrop that powered the crypto market’s 2020‑21 vertical ascent and positioning it for the next major bull run. At press time, the total crypto market cap stood at $3.68 trillion. Featured image created with DALL.E, chart from TradingView.com

Bitcoin’s recent price momentum has encountered a pause following the latest US Consumer Price Index (CPI) release, which showed inflation rising to 2.7% in June. The inflation increase appears to have affected investor sentiment. After reaching a new high above $123,000 on Monday, Bitcoin has since declined by roughly 5.4% from that peak, with its price currently trading just above $116,000. The broader crypto market also reacted to the news, with the global crypto market cap valuation dropping by nearly 7% in the past day amid renewed uncertainty about future interest rate policy. While Bitcoin has exhibited a strong uptrend in recent weeks, the latest pullback introduces short-term volatility that analysts are watching closely. One particularly notable development occurred on-chain: a transfer of 10,000 BTC, valued at roughly $1.2 billion, from a dormant address last active over a decade ago. Related Reading: The Bitcoin Liquidity Supercycle Has Just Begun, Says Hedge Fund CEO Historic Bitcoin Transfer Raises Eyebrows, but No Signs of Exchange Activity CryptoQuant analyst Carmelo Alemán shared insights into the large transaction in a recent post titled “10,000 Historic BTC Move On-Chain.” According to Alemán, the transaction occurred on July 14 at 16:17 UTC, moving 10,000 BTC from address ‘bc1q84…7ef6k ‘ to ‘bc1qmu….8v2p.’ These coins had not moved in over 10 years, indicating they likely originated from early miners during Bitcoin’s earliest phases when the block reward was 50 BTC. Alemán noted that such old unspent transaction outputs (UTXOs) often trigger concern about potential sell-offs, but in this case, further analysis suggests a more neutral interpretation. The movement of old coins can occur for various reasons, including UTXO consolidation, wallet upgrades, or potential sales. Alemán explained that this transfer displayed characteristics consistent with consolidation for efficiency and security purposes. For example, the transaction used 16 different inputs, which can help reduce future transaction fees. Additionally, no corresponding inflow to centralized exchanges (CEXs) was detected, typically a key signal when holders intend to liquidate. The analyst also pointed out that two small test transactions were sent to the receiving address before the full transfer. These included a 0.00089 BTC and a 1 BTC transaction, commonly used to verify wallet accessibility before moving a large sum. Interestingly, two hours after the initial transaction, the same destination wallet received another transfer of 10,009 BTC, bringing the total to more than 20,000 BTC moved in the span of a few hours. Implications for Market Behavior and On-Chain Trends While the transaction did not lead to immediate market selling, it has added to ongoing discussions about the role of long-term holders in Bitcoin’s supply dynamics. Large transfers from early addresses are rare and often interpreted as strategic reorganization of funds. Alemán noted that the absence of exchange-related activity makes it unlikely that the coins are being liquidated in the short term. Related Reading: Spot Volume Drop on Binance Preceded Bitcoin’s Price Surge, Data Shows However, he cautioned that such movements warrant continued monitoring, particularly if additional large transfers follow or if the recipient wallet later transacts with exchanges. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s (BTC) on-chain activity has accelerated over the past few days, with the leading cryptocurrency by market cap hitting successive new all-time highs (ATHs). As a result, several metrics now indicate renewed interest from both long-term holders and recent participants. Older Bitcoin Moves Amidst High Profit-Taking According to a CryptoQuant Quicktake post by contributor Kripto Mevsimi, Bitcoin’s Coin Days Destroyed (CDD) has surged significantly over the past week. The metric climbed to 28 million, signalling that older BTC – dormant for extended periods – has begun moving again. For the uninitiated, Bitcoin CDD measures the movement of older coins by multiplying the number of coins moved by how long they were held. A spike in CDD indicates that long-dormant Bitcoin is being spent or transferred, often signaling strategic shifts by long-term holders. Related Reading: Bitcoin Rally Ahead? DXY Breakdown Suggests Capital Shift To Risk-On Assets Historical data shows that CDD spikes typically precede strategic shifts – often large holders either redistributing supply or repositioning portfolios. Such activity commonly appears near cycle midpoints or local tops. Besides the rising CDD, Bitcoin Net Realized Profit and Loss (NRPL) has also recorded a steep climb. The metric recently surged past $4 billion, the highest level since Q2 2025.  To explain, Bitcoin NRPL measures the difference between the price at which coins were bought and the price at which they are sold or moved on-chain. A high positive NRPL indicates investors are realizing profits, while a negative NRPL suggests widespread selling at a loss, often tied to market fear or capitulation. As NRPL hits levels not seen since early Q2 2025, it suggests that Bitcoin whales and recent buyers are actively taking profits. Despite the increased profit-taking, BTC’s price has remained relatively stable, trading between $116,000 and $120,000. The lack of a sharp price pullback amid such profit-taking points to two possible scenarios – either demand remains strong enough to absorb sell pressure, or a delayed correction could be on the horizon. The analyst noted: Interestingly, this current wave differs from late June. Back then, NRPL showed a mix of realized losses and modest profits – suggesting capitulation from late buyers while older holders quietly accumulated. Today, the narrative flips: profits dominate, while older coins flow. Exchange Data Suggests Warning For BTC While the absence of a sharp decline despite significant realized profits may signal strong underlying demand, recent exchange data raises some concerns. Notably, Bitcoin inflows to crypto exchanges have seen a sharp uptick. Related Reading: Bitcoin Absorbs Strong Selling Pressure On Binance Derivatives – Breakout Ahead? Conversely, other sentiment-tracking indicators suggest that despite BTC’s new highs, retail hype remains subdued – unlike in previous ATH phases – implying potential for further upside. At press time, BTC trades at $116,760, down 2.6% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

A single wallet that has sat untouched since 2011 jolted the market overnight, wiring 40,009 BTC—worth roughly $4.68  billion at prevailing prices—to New York‑based trading giant Galaxy Digital. The address had held 80,009 BTC in total and had never previously moved funds in the modern era. According to on‑chain sleuth Lookonchain, “the Bitcoin OG with  80,009 BTC ($9.46 B) has transferred  40,009 BTC ($4.68 B) to Galaxy Digital,” and Galaxy “has directly deposited 6,000 BTC ($706 M) into Binance and Bybit.” Bitcoin OG Whale Awakens The activity began late Monday evening (UTC). First, 9,000 BTC—about $1.06 billion—left the dormant wallet, followed an hour later by another 7,843 BTC ($927 million) Over the next five hours several smaller tranches arrived at Galaxy Digital’s custodial accounts before the decisive push that brought the running total to 40,009 BTC. Blockchain explorers show the coins originated from a bech32 address that first received block rewards in early 2011, when bitcoin changed hands for less than one US dollar. Related Reading: Bitcoin Price Trajectory To $155,000: Why No Major Dips Are Expected From Here Notably, Galaxy Digital operates one of the largest over‑the‑counter (OTC) desks in the industry and regularly intermediates block trades for institutions seeking to avoid slippage on public venues. The firm advertises “premier execution” and bespoke liquidity provisioning for trades that are too large for order‑book execution. On‑chain analysts therefore read the wallet’s choice of counterparty as a signal that the owner intends to liquidate at least part of the hoard discreetly rather than deploy it into DeFi or cold storage. Within hours of receiving the coins, Galaxy split 6,000 BTC between Binance and Bybit, the two venues that currently post the deepest spot‑BTC liquidity. Bitcoin had just printed an all‑time high of $123,153 on 14 July, buoyed by Washington’s “Crypto Week” legislative push. As the OG whale’s transactions hit public mempools, spot prices recoiled more than 6%, sliding from $123,000 to an intraday low near $115,700 before stabilising around $116,900 at press time. Related Reading: The Bitcoin Liquidity Supercycle Has Just Begun, Says Hedge Fund CEO With half of the stash now under Galaxy’s control and only a fraction confirmed as exchange deposits, traders are bracing for further transfers. If Galaxy executes an OTC cross, the impact could be muted; if the coins bleed into order books, bids at $112,000‑$115,000 will face a major test. US Inflation Data Dampens Sentiment However, today’s price drop can not solely be attributed to the OG whale’s doing; it coincided with the US Bureau of Labor Statistics’ June CPI print, which showed headline consumer prices rising 0.3 % month‑on‑month and 2.7 % year‑on‑year—up from 2.4 % in May—while core CPI ticked up 0.2 % on the month and 2.9 % on the year. The modest print pushed the dollar index above 95.5, and risk assets have been whipsawing ever since. “The price action on the dollar pretty much tells you everything you need to know about this CPI report—mixed and the market is trying to digest it and to figure out the direction today,” observed Daan Crypto Trades on X. At press time, BTC stood at $116,972. Featured image created with DALL.E, chart from TradingView.com

A crypto analyst who accurately predicted the Bitcoin (BTC) price surge to $120,000 months ago has returned with a bold new forecast that could redefine investors’ expectations for the rest of the cycle. Using a detailed Elliott Wave structure and historical halving patterns, the expert outlines what could be Bitcoin’s final parabolic move, laying out a clear roadmap toward a new ATH target.   Bitcoin Parabolic Phase Still Ahead Following Bitcoin’s explosive rise above $123,000 in a single day, crypto analyst XForceGlobal reaffirmed his earlier predictions and intensified his bullish outlook. He now asserts that Bitcoin is in the early stages of a much larger breakout, with the final and most parabolic phase of its rally yet to unfold.   Related Reading: Bitcoin Price Trajectory To $155,000: Why No Major Dips Are Expected From Here The analyst Bitcoin Price Trajectory To $155,000: Why No Major Dips Are Expected From Here a detailed chart showing that Bitcoin is now trading over $40,000 above its Wave 2 bottom of the macro 5th. This indicates that the market could be transitioning into Wave 3 of a larger Elliott Wave impulse pattern. The chart also visually segments previous bull market runs into distinct macro phases, each unfolding after a halving cycle. Every phase began with a consolidation period, followed by exponential growth and eventual correction.  Bitcoin’s price history is further marked by the halving events in 2012, 2016, 2020, and 2024—all of which have consistently preceded major bullish rallies. The latest halving, which occurred in April 2024, is now expected to lead to an intermediate-term rally that may extend BTC’s price beyond $270,000 before entering another corrective phase.   While XForceGlobal maintains a bullish long-term outlook for Bitcoin, he urges investors to be cautious and aware that the final wave may generate market euphoria before a significant decline sets in. His projected roadmap shows a steady bullish climb toward $272,832, followed by a potential retracement to around $41,646, marking a steep 85% crash from the top.  During his analysis, the market expert highlighted the difference between smart and dumb money during this bullish phase of the cycle. He claimed that smart investors have already mapped out their exit strategies, understanding that success comes from early planning rather than spontaneous decisions. He also added that with the market yet to reach a climax, there’s still time to prepare an exit before red flags emerge. Analyst Predicts $155,000 As Bitcoin’s Next Stop  In a follow-up X post, XForceGlobal forecasted Bitcoin’s next short-term price target at $155,000. This prediction comes as BTC recently rallied past $123,000 before undergoing a pullback, now trading slightly above $116,800. According to the analyst, Bitcoin remains firmly in an extended Wave 3, which traditionally represents the most impulsive and powerful phase of the Elliott Wave sequence. Related Reading: Bitcoin Price Break Above $118,000 Just The Start, Analyst Unveils ‘Golden Number’ XForceGlobal’s chart reveals that Bitcoin recently broke out from a complex WXYXZ correction structure, which served as the launchpad for the present rally. His projection suggests that BTC is now forming a five-wave structure targeting the $140,000-$155,000 range, with macro-level corrections expected along the way.  Featured image from Pixabay, chart from Tradingview.com

Data shows Bitcoin’s retrace below the $117,000 level came right after a major spike in social media chatter, often a contrarian signal. Bitcoin Social Dominance Saw A Huge Spike As BTC Crossed $123,000 In a new post on X, the analytics firm Santiment has shared how social media users reacted to the latest Bitcoin price breakout. The indicator of interest here is the “Social Dominance,” which tells us about the share of social media discussions related to the top 100 cryptocurrencies that any given coin occupies. Related Reading: Strategy Grabs Another $472M In Bitcoin—Even With Price At ATH The metric is based on another indicator known as Social Volume, which gauges the unique number of posts/threads/messages on major social media platforms that mention an asset. The reason the Social Volume doesn’t simply count up the mentions themselves is so that a few social media circles with a large amount of discussion don’t skew the data by themselves. The metric’s value only spikes when talk around the asset is more spread out. The Social Dominance determines what percentage of the Social Volume associated with the 100 largest coins by market cap that a particular cryptocurrency accounts for. Now, here is a chart that shows the trend in the metric for Bitcoin over the last couple of years: As displayed in the above graph, the Bitcoin Social Dominance shot up to a high of 43% when its price rallied to the new all-time high above $123,000. This means that the asset was receiving mentions in almost half of the social media discussions related to the digital asset space. The latest spike surpasses any other from the last two years, showcasing the rare dominance of mindshare that BTC achieved during the rally. Since the social media talk has intensified, however, the BTC price has plummeted. This isn’t anything too unexpected, as Bitcoin and other digital assets have historically tended to move in the direction that goes contrary to the expectations of the retail crowd. Whenever social media users get too hyped up, prices can correct downwards. Similarly, an excess of fear can facilitate bottoms. “Though it’s generally a fantastic sign that the #1 market cap has had its deserved spotlight, the sudden spike was indicative of many retail traders FOMO’ing in,” notes Santiment. “Wait for the euphoria to cool down some, and you’ll likely find another key entry point coming up.” Related Reading: Bitcoin Hits $123,000—But Inflows Are Just A Fraction Of 2024’s Peak It now remains to be seen how social media sentiment would develop now that the price has declined and whether it would play a role in shaping Bitcoin’s next move. BTC Price Bitcoin has witnessed a drop of more than 3.5% in the last 24 hours, which has brought its price back to the $116,900 mark. Featured image from Dall-E, Santiment.net, chart from TradingView.com

Bitcoin is undergoing a slight retrace after hitting a new all-time high of $123,000 on Monday. While the broader trend remains bullish, short-term sentiment has shifted as selling pressure begins to build. Bulls are now defending key support levels, with the $117,000 zone emerging as a critical line that could determine whether the uptrend holds or deeper corrections follow. Related Reading: Ethereum Supply Locked Hits New ATH: Smart Money Bets On Long-Term Growth The pullback has introduced fresh uncertainty into the market. According to new data from CryptoQuant, Bitcoin Futures Position Dominance has started to lean bearish, suggesting that short positions are gaining momentum across major derivatives platforms. This shift reflects growing caution among traders, particularly as long-to-short ratios weaken and funding rates normalize after weeks of elevated bullish activity. Although Bitcoin remains far above its 2024 highs and the macro structure still favors bulls, the current pause is being closely watched. Investors are looking for confirmation that the recent all-time high was not a local top. With fear slowly creeping in and derivatives data flashing early warning signs, the coming days could be pivotal. Whether bulls can hold the line—or whether bears take control—will likely set the tone for Bitcoin’s next major move. Bitcoin Retraces As Bearish Sentiment Rises Bitcoin has pulled back more than 5% since reaching its all-time high of $123,000 earlier this week, with current price action testing the strength of short-term support levels. While retracements are common after major breakouts, some analysts note that Bitcoin’s decline has been sharper than that of Ethereum and many altcoins, which have either held their ground or continued to climb. Top analyst Axel Adler pointed out a significant shift in sentiment following the ATH. According to his insights, bears began aggressively shorting immediately after the price peak, leading to a sharp drop in bullish dominance. Most notably, the long-to-short ratio flipped into negative territory for the first time in weeks, signaling a clear rise in short interest across derivatives platforms. This pivot in positioning reflects growing caution among traders and raises the stakes for bulls. The $117,000 level is now seen as a key support zone—if Bitcoin fails to hold above it, a deeper correction could follow, potentially dragging the broader market down with it. The timing is especially critical. This week, the US Congress kicks off “Crypto Week,” a series of discussions and potential votes on important legislation that could reshape the regulatory landscape for digital assets. The outcome of these debates may act as a catalyst for renewed bullish momentum—or deepen the correction if uncertainty dominates. As markets brace for clarity, all eyes remain on Bitcoin’s ability to defend $117K and reclaim its short-term trend. Related Reading: $30B In Bitcoin Added By Accumulator Wallets: Are Long-Term Players Preparing Early? BTC Pulls Back: $114K–$117K Key Zone to Watch The 4-hour chart shows Bitcoin retracing sharply after reaching an all-time high of $123,200 earlier this week. Currently trading at $116,900, BTC has dropped over 5% from its recent peak, marking its first significant correction since the breakout above $109,300. This pullback brings Bitcoin back toward the $114,000–$117,000 zone, which now acts as short-term support. This area coincides with the rising 50-period simple moving average (SMA) at $114,466 and is closely aligned with the previous breakout structure. A successful retest of this level could provide the foundation for a new leg higher. Related Reading: Bitcoin Long-Term Holders Remain Steady As CDD Normalizes After False Alarm However, failure to hold this zone could open the door for a deeper correction toward the $109,300 support level, which served as a multi-week resistance throughout May and June. The bearish momentum on the latest candles, combined with high sell volume, reflects rising short-term uncertainty. Despite this, Bitcoin remains above all major moving averages on this timeframe (50, 100, and 200 SMAs), indicating that the broader trend is still intact. Featured image from Dall-E, chart from TradingView

In a major display of bullish momentum, the market’s leading cryptocurrency, Bitcoin (BTC), surged to a new record high on Monday, surpassing $123,000 for the first time.  US House Kicks Off ‘Crypto Week The Bitcoin price climbed more than 90% year-to-date with Monday’s rally, reaching $123,200, and reflecting a nearly 15% increase over the past month.  This upward momentum coincides with the US House of Representatives’ “crypto week,” which will feature debates on legislation aimed at reducing regulatory hurdles that have long been viewed as obstacles for the cryptocurrency sector. Related Reading: Fibonacci Maps Dogecoin Path To $23—Is It Too Far-Fetched? One of the key pieces of legislation set for discussion in the House is the GENIUS Act, which aims to establish regulatory frameworks for stablecoins. Proponents of the GENIUS Act argue that it is a groundbreaking initiative that formalizes a critical aspect of the cryptocurrency industry.  They believe it will enhance consumer protections, facilitate the entry of traditional financial institutions, and contribute to the growth of the digital currency market. Conversely, critics assert that the bill represents a “weak set of regulations” that may not adequately safeguard consumers or prevent illicit trading activities involving stablecoins. Growing Support For Crypto Regulation In addition to the GENIUS Act, the House will also debate measures to clarify the federal government’s regulatory approach to cryptocurrencies and proposals that could prevent the Federal Reserve from issuing its own digital currency.  Bryan Armour, director of passive strategies research at Morningstar, remarked that this legislative push reflects a series of favorable developments for the crypto industry since President Donald Trump’s election in November. Since then, Bitcoin’s price has surged nearly 80%. As “crypto week” unfolds, Armour suggests it signals a continuation of supportive policies under the Trump administration. However, Trump’s involvement in the cryptocurrency space has raised concerns about potential conflicts of interest.  For instance, his backing of World Liberty Financial’s stablecoin, USD1, has led to significant investments in major exchanges like Binance, which critics say creates opportunities for Trump’s business to profit.  Despite these concerns, Trump has denied any wrongdoing, and a White House spokesperson has stated that his financial assets are managed in a trust to avoid conflicts. Bitcoin ETFs Propel Price Surge  The recent surge in Bitcoin prices has also been fueled by the US approval of Bitcoin exchange-traded funds (ETFs) last year. These investment vehicles have proven to be successful, with record-breaking amounts of capital moving into them. Related Reading: Prepare For ATHs: ‘XRP Train Has Left The Station – Analyst The overall asset value of Bitcoin ETFs has reached a record high of over $158 billion, driven by a wave of investments that included over a billion dollars flowing into these funds on consecutive days last week. Nikhil Bhatia, a finance professor at the University of Southern California, noted that the approval of Bitcoin ETFs has contributed significantly to institutional adoption of Bitcoin, signaling a return to a bullish market sentiment.  As of this writing, BTC’s price has retraced back to the $117,000 level, 4.3% below its recently achieved all-time high.  Featured image from DALL-E, chart from TradingView.com

Global investment bank TD Cowen has recently revised its price target for Strategy’s (previously MicroStrategy) stock, MSTR, raising it from $590 to $680 per share and a bullish prediction for Bitcoin (BTC) prices, which could soar to $155,000 by December.  Possible 53% Drop For Bitcoin The firm’s study outlines a base-case scenario for Bitcoin at $128,000 by year-end, with a more pessimistic outlook placing it as low as $55,000, which could mean a major 53% crash from current prices.  TD Cowen analysts assert that a significant increase in Bitcoin prices is expected to positively impact Strategy’s share price, given its status as the world’s largest corporate holder of Bitcoin. Related Reading: Prepare For ATHs: ‘XRP Train Has Left The Station – Analyst On July 14, Strategy purchased an additional 4,225 BTC for $472.5 million, averaging $111,827 per coin. This latest acquisition brings the company’s total Bitcoin holdings to an impressive 601,550 BTC.  Analysts at TD Cowen noted that what began as a defensive measure to preserve the value of its assets has evolved into a proactive strategy aimed at enhancing shareholder value.  Strategy plans to continue acquiring Bitcoin through proceeds from upcoming debt and equity offerings. The firm anticipates that Strategy will raise around $84 billion through its innovative “42/42” plan, which involves an equal mix of debt and equity, potentially increasing its Bitcoin reserves to 900,000 BTC by the end of 2027.  Strategy As Strong Investment Option TD Cowen has initiated buy ratings on Strategy’s preferred shares, emphasizing their attractive income potential and price appreciation, which are expected to be less volatile than common shares or Bitcoin itself.  This endorsement comes after the firm first recognized Strategy’s Bitcoin strategy in 2023, describing it as a “paradigm shift.” At that time, they highlighted the company’s approach of utilizing cash from its software business to invest in Bitcoin as a long-term hedge against dollar inflation.  Analysts believe that Bitcoin’s finite supply makes it a more reliable store of value compared to traditional currencies or gold, presenting Strategy as an appealing option for investors looking to gain Bitcoin exposure. Related Reading: Avalanche Shatters Record With 20M Transactions—Is Real-World Use Finally Here? As institutional adoption of cryptocurrencies accelerates, Strategy’s acquisition strategy has become a blueprint for other corporate treasuries.  The company’s total investment in Bitcoin now stands at $29.27 billion, yielding substantial unrealized gains with a cost basis of $71,268 per BTC.  The latest report and Strategy’s recent purchase coincided with Bitcoin hitting a new all-time high, surpassing $123,000, underscoring the growing acceptance and adoption of BTC in the financial landscape. Nevertheless, the cryptocurrency has retraced to $117,000 in an attempt to find its next support level before moving on to uncharted territory once again if buying demand persists among investors. Featured image from DALL-E, chart from TradingView.com 

Bitcoin has been exploring new all-time highs (ATHs) recently, but Strategy still seems to be in accumulation mode as it has announced another large purchase. Strategy Has Bought 4,225 Bitcoin In Latest Acquisition As announced by Strategy Chairman Michael Saylor in an X post, the company has made a fresh Bitcoin acquisition, continuing its chain of 2025 buys. With the latest purchase, the firm has added 4,225 BTC to its holdings. According to the US Securities and Exchange Commission (SEC) filing, the buy occurred between July 7th and July 13th, and involved an average BTC cost basis of $111,827. This means the 4,225 tokens were acquired for about $472.5 million. Related Reading: Bitcoin Hits $123,000—But Inflows Are Just A Fraction Of 2024’s Peak In the same period as the acquisition, BTC witnessed a breakout to new ATHs. If the purchase is to go by, it seems Strategy is still interested in buying even at these high prices. “Short Bitcoin if you hate money,” said Saylor in an earlier X post. After the latest buy, the total holding of the firm has hit 601,550 BTC. The company spent around $42.87 billion to assemble this stack and today, its value stands at $72.25 billion, implying a significant profit of 68.5%. Earlier in the day, another Bitcoin treasury company added to its holdings: Metaplanet. According to the X post by CEO Simon Gerovich, the company has added 797 BTC to its reserve, taking the total to 16,352 BTC. Unlike Strategy, though, the firm’s average coin cost basis is on the higher side, standing at $100,191 right now. In some other news, while the big players in the market have been buying BTC for a while now, data from the on-chain analytics firm Glassnode suggests retail investors have finally joined in. In the chart, the data of the Accumulation Trend Score is shown for the different segments of the Bitcoin userbase. The “Accumulation Trend Score” is an indicator that tells us about whether the BTC investors are accumulating or distributing. From the graph, it’s visible that the score has recently been pretty close to 1 for the 1,000 to 10,000 BTC cohort. This means that these large hands, popularly known as the whales, have been showing a near-perfect accumulation trend. The latest rally in the cryptocurrency may be a product of this conviction. While the whales have been buying, the rest of the Bitcoin market has been showing behavior that tends more toward distribution. The mega whales, carrying more than 10,000 BTC, have remained in selling mode with an Accumulation Trend Score around 0.3. Related Reading: Bitcoin Breaks $118,000—But Liquidity Still Thin, Glassnode Warns Until recently, the hands with less than 1 BTC, the retail, were in a phase of distribution, but it seems the latest rally has caused them to change their tune, as they have started buying. BTC Price Bitcoin went up to $123,000 earlier, but it seems the asset has since seen a setback as its price is down to $119,900. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Bitcoin surged to a new all-time high above $123,000 earlier today after crossing the $120,000 threshold late Sunday night. The move has added more than 10% to its value over the past week, pushing the global cryptocurrency market valuation above $3.87 trillion, inching toward the $4 trillion mark. The current rally has reignited discussions around volume dynamics and accumulation patterns, as analysts monitor potential early signals that may influence near-term market behavior. Related Reading: Bitcoin To Reach $135,000 By September’s Close, Standard Chartered Forecasts Two contributors to CryptoQuant’s QuickTake platform, BorisVest and Darkfost, have highlighted technical patterns that emerged before and during Bitcoin’s latest breakout. Their analyses suggest a combination of shrinking spot volume and surging accumulation activity may have played a role in driving prices higher. These insights provide a more nuanced view of the forces behind Bitcoin’s recent surge, particularly at a time when market participants weigh upside potential against the possibility of volatility in uncharted price zones. Volume Drop on Binance Preceded Breakout, Analyst Says According to BorisVest, a notable collapse in spot trading volume on Binance preceded Bitcoin’s move out of the $100,000 to $110,000 consolidation range. In his post titled “Binance Spot Volume Collapsed Before Bitcoin’s Breakout: Was It a Hidden Squeeze Signal?”, he explained that declining spot volumes often represent quiet periods of either accumulation or distribution. Binance, due to its liquidity depth and user base, is seen as a reliable proxy for broader crypto market behavior. BorisVest noted that once the breakout began, trading volume spiked sharply. While such spikes can indicate local tops or bottoms, in this case, the surge in volume did not trigger a reversal but instead accelerated the rally. “That’s a strong signal. If the move had no real backing, we would have seen a fast pullback. Instead, Bitcoin kept pushing higher,” he wrote. He emphasized that volume acts as a roadmap for identifying zones of trade concentration and potential shifts in sentiment, cautioning that while Bitcoin’s recent move appears structurally strong, market participants should be aware of the risks tied to high volatility zones. Accumulator Addresses Hit 2025 High Amid Price Surge In a separate update, CryptoQuant analyst Darkfost observed that Bitcoin “accumulator addresses,” wallets with a history of only buying and not selling BTC, have collectively acquired roughly 248,000 BTC in 2025 so far. This is well above the monthly average of 164,000 BTC, pointing to intensified buying activity in recent weeks. “These addresses have no history of distribution and their continued activity at current price levels indicates long-term positioning,” he said. Darkfost also cautioned that if Bitcoin enters a correction or consolidation phase, some of these wallets could begin selling, which would disqualify them as accumulators and potentially introduce significant selling pressure. Related Reading: Who Flipped The Switch? Bitcoin STHs Accumulate While LTHs Take Profit At today’s prices, the accumulated 248,000 BTC are worth about $30 billion. For now, however, this cohort’s behavior reflects strong confidence in Bitcoin’s long-term trajectory, even as the asset trades at record highs. Featured image created with DALL-E, Chart from TradingView

Bitcoin (BTC) surged to a new all-time high (ATH) of $123,218 earlier today, pushing its market cap beyond $2.4 trillion. However, exchange data shows a sharp increase in BTC inflows following this milestone, raising concerns of a potential short-term correction. Bitcoin Exchange Inflows Warn Of Pullback According to a CryptoQuant Quicktake post by contributor Tarekonchain, BTC is beginning to show signs of short-term cooling. Notably, exchange inflows recorded a sharp uptick right after Bitcoin hit its fresh ATH. Related Reading: Bitcoin Rally Ahead? DXY Breakdown Suggests Capital Shift To Risk-On Assets The following chart shared by the analyst highlights exchange netflows to spot platforms, with notable spikes in inflows to centralized exchanges. This typically indicates profit-taking behavior by short-term holders and some whales. Tarekonchain noted that such on-chain activity is usually indicative of a local top that could lead to a healthy price correction or consolidation in the coming days. They added: It’s a classic pattern we’ve seen after previous parabolic rallies – profits are realized, weak hands exit, and price finds a new base. That said, the analyst noted that despite the warning signs of a looming price correction, the overall market structure remains largely bullish. For instance, long-term holders are still holding their BTC, not keen on selling at current price levels. Supporting the bullish thesis, spot Bitcoin exchange-traded funds (ETFs) continue to attract strong capital. For the week ending July 11, they saw $2.72 billion in net inflows – a clear sign of ongoing institutional interest. Whales Preparing To Sell? In a separate post, CryptoQuant contributor Crazzyblockk pointed to an uptick in whale activity on Binance. The Binance Whale Activity Score shows that deposits from large wallets have spiked dramatically. Related Reading: Bitcoin Uptrend Intact, But Binance Activity Warns Of Short-Term Pullback Whales reportedly deposited as much as 1,800 BTC to Binance in a single day, with more than 35% of transactions valued at over $1 million, hinting at strategic positioning ahead of expected volatility. Crazzyblockk highlighted two possible scenarios following the surge in deposits from large-scale investors. First, it is likely that these investors are sitting on healthy profits and may be getting ready to secure some gains after a historic run. Alternatively, they might be aiming to leverage Binance’s deep liquidity to hedge or open new positions as the market experiences heightened volatility. Either way, this sell-side pressure on Binance is likely to weigh on BTC’s bullish momentum. Despite rising inflows and increased whale activity, market sentiment remains broadly positive. Retail investor participation is still muted compared to previous bull runs, suggesting the current rally might still have room to grow. At press time, BTC trades at $119,449, up 0.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin has set a new all-time high (ATH) around $123,000, but cryptocurrency market inflows are still far from the peak observed back in 2024. Crypto Capital Inflows Are Currently Sitting At $51 Billion As pointed out by analyst Ali Martinez in a new post on X, there is a stark difference in capital participation between the current Bitcoin rally and the one from December 2024. Related Reading: Bitcoin Breaks $118,000—But Liquidity Still Thin, Glassnode Warns Below is the chart shared by the analyst that compares the two bull runs. The graph captures the 30-day capital flows occurring for Bitcoin, Ethereum, and the stablecoins. For the former two assets, it tracks them using the Realized Cap indicator. The Realized Cap is a capitalization model that calculates a given cryptocurrency’s total value by assuming that each coin in the circulating supply has its value equal to the last time it changed hands on the network. In short, what the metric represents is the amount of capital that investors of the asset as a whole have put into it. Changes in this indicator, therefore, correspond to the entry or exit of capital into the network. As is visible in the chart, the 30-day Realized Cap change for Bitcoin and Ethereum (colored in orange) has gone up alongside the latest price rally, indicating that capital has flowed into these coins. It’s also apparent that stablecoin flows (blue) have also noted an uptick, although the scale has been smaller. For stables, capital flow can be directly measured using the market cap, since their price is always pegged to $1 means that the Realized Cap never differs from the market cap. In the cryptocurrency sector, capital mainly comes in through three entry points: Bitcoin, Ethereum, and stablecoins. The altcoins usually only receive a rotation of capital from these assets. Since the flows related to the three have recently been positive, the market as a whole has been getting an injection of capital. In total, the aggregate capital inflows for the cryptocurrency sector have stood at $51.2 billion for the past month. This is certainly a sizeable figure on its own, but it pales in comparison to what was witnessed before. Related Reading: Bitcoin Price Breaks 8-Year Resistance Line That Failed In 2017-2021 As Martinez has highlighted in the chart, the monthly capital flows peaked at almost $135 billion in the December 2024 Bitcoin rally above $100,000, more than double the latest number. Something to keep in mind, however, is the fact that the previous run was more explosive, while the latest one has come in two waves: an initial recovery surge above $100,000 that led into a consolidation phase and the current breakout into the $120,000 levels. This could, at least in part, explain why the metric has appeared relatively cool recently. Bitcoin Price At the time of writing, Bitcoin is trading around $121,700, up nearly 3% over the last 24 hours. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Bitcoin has reached new milestones this week, briefly breaking above the $123,000 mark earlier today before retracing slightly to $121,812 at the time of writing. This follows a week of strong gains, with BTC rising by more than 10% amid a broader uptrend in the cryptocurrency market. Despite the minor pullback, market analysts are closely monitoring on-chain and derivatives data to assess whether momentum is building toward a more aggressive phase of the rally. The recent surge has also benefited the broader cryptocurrency ecosystem, lifting total global crypto market capitalization to just under $4 trillion. Related Reading: Bitcoin Breaks Records: What Miners and Leverage Traders Are Doing Behind the Scenes While Bitcoin continues to dominate in terms of volume and influence, sentiment metrics suggest that traders and investors may still be approaching with measured optimism. According to analysts, several indicators are now pointing to a potential shift in market dynamics that could influence Bitcoin’s next major move. Market Euphoria Not Yet Confirmed CryptoQuant contributor Joao Wedson has offered insights into the current structure of the Bitcoin market through an analysis of the price gap between spot and perpetual futures contracts on Binance. In a recent QuickTake post, Wedson noted that the spot price of Bitcoin continues to outpace the perpetual futures price, a sign that market sentiment has not yet tipped into full euphoria. Historically, a positive gap between the two markets has signaled increased speculative activity and the onset of parabolic rallies. “The gap is still in negative territory,” Wedson stated, “but the narrowing trend indicates that sentiment may be transitioning from cautious to more optimistic.” The analysis implies that traders in the futures market have yet to aggressively price in further upside, possibly waiting for stronger confirmation before deploying leverage. Should this gap flip to positive territory, it could be interpreted as a sign of increased risk appetite, potentially fueling a sharper upward move. Wedson also emphasized the importance of monitoring how derivatives markets respond in the coming days. “If the trend continues and flips positive, we could see a more intense phase of the rally driven by leveraged traders,” he wrote. Until then, the current environment appears to reflect a market in the process of building a foundation, rather than one that has already entered a euphoric phase. Bitcoin Profit-Taking Remains Measured In another analysis, CryptoQuant’s Enigma Trader examined the Spent Output Profit Ratio (SOPR), a key indicator used to evaluate the extent of realized profits by Bitcoin holders. According to the post, SOPR levels have remained moderately above 1 as BTC hit new highs, suggesting that some profit-taking is occurring, but not at a rate that disrupts the broader trend. The analyst observed that a spike in SOPR around July 3–4 coincided with short-term holders taking profits. Related Reading: The Bitcoin Liquidity Supercycle Has Just Begun, Says Hedge Fund CEO However, this activity did not result in significant downward pressure on price. “This behavior points to a healthy price discovery process,” Enigma Trader noted, adding that such conditions typically support continued upward movement when demand remains intact. Featured image created with DALL-E, Chart from TradingView

Bitcoin has reached a new all-time high once again, surging to $123,200 earlier today, a move that has reignited bullish sentiment across the cryptocurrency market. After weeks of steady consolidation and strong institutional inflows, the top cryptocurrency continues its upward momentum, breaking past key psychological levels and entering uncharted territory. Related Reading: Bitcoin Long-Term Holders Remain Steady As CDD Normalizes After False Alarm One of the most notable developments fueling this surge is the rise in demand from so-called “accumulator” addresses. According to top analyst Darkfost, these wallets—classified by their consistent behavior of only accumulating BTC without any history of selling—have hit a new record high in 2025. This group of addresses is often associated with high-conviction holders, including long-term retail investors, institutional participants, and funds with strategic positioning. The spike in accumulator activity reveals a deeper layer of confidence in Bitcoin’s long-term trajectory. Even with BTC above $120,000, these addresses continue to stack sats aggressively, suggesting that smart money is not waiting for lower prices. Instead, they appear to be preparing for a potential continuation of the bull cycle. Accumulators Add BTC, But Will They Hold Through Volatility? As of today, Bitcoin accumulator addresses have collectively added approximately 248,000 BTC, well above the monthly average of 164,000 BTC. This significant uptick highlights a sharp increase in demand over a short period, indicating that long-term players are actively positioning themselves despite Bitcoin continuing to post new all-time highs. These addresses, often associated with entities that have never sold BTC, are typically viewed as highly sophisticated investors with long-term horizons. The recent surge in accumulation suggests these players see continued upside potential, even after Bitcoin reached $123,200. Their behavior reflects strong market confidence and a belief that the current rally may be far from over. However, there is a caveat. If Bitcoin enters a phase of correction or prolonged consolidation, some of these addresses may begin to exit their positions. Doing so would strip them of their accumulator status and introduce substantial selling pressure into the market. With the 248,000 BTC added now worth around $30 billion, any significant liquidation from this cohort could impact short-term price stability. This week will be particularly crucial. The highly anticipated “Crypto Week” in Washington begins, with the US House of Representatives scheduled to discuss and vote on key crypto regulatory bills. The outcomes could drive volatility and influence whether these accumulators continue to hold or begin to fold. Related Reading: Pump.fun Public Sale Ends In 12 Minutes: Token Distribution Now Underway Bitcoin Breaks Out With Strong Momentum Above $120K The 8-hour chart shows Bitcoin has decisively broken out above the key resistance at $109,300, accelerating sharply to reach new all-time highs at $123,200. This breakout follows weeks of consolidation between the $103,600 and $109,300 levels, during which Bitcoin established a solid base of support. The move was accompanied by a notable surge in volume, confirming strong buyer conviction behind the rally. Technically, BTC is now trading well above its 50, 100, and 200-period simple moving averages (SMAs), which currently sit at $110,795, $108,079, and $106,980, respectively. The bullish alignment of these moving averages supports the ongoing uptrend and indicates that buyers have regained full control of the market structure. Related Reading: Bitcoin Dominance Continues Historic Climb – Altcoins Struggle To Gain Ground The explosive breakout above $110K suggests the market has entered a price discovery phase, where historical resistance levels offer little guidance. If Bitcoin manages to hold above $120K in the coming sessions, this level may flip into new support. Featured image from Dall-E, chart from TradingView

The Bitcoin price is once again commanding the spotlight as bullish momentum propels the leading cryptocurrency to new all-time highs. With the price already breaking past the $122,000 mark, analysts are growing increasingly confident in the potential for even higher targets. A recently shared chart analysis by market expert CrediBull Crypto suggests that the current rally is far from—and most importantly, no major dips are expected along the way. As a result, he has forecasted that BTC could see a significant price surge to $155,000 soon.  Bitcoin Price Action Clears Path To $155,000  Bitcoin’s momentum continues to gather steam, with technical indicators from CrediBull Crypto’s wave analysis report signals a bullish continuation that could propel the cryptocurrency’s price to $155,000 in the coming weeks. The analyst’s new wave count projection suggests that Bitcoin is firmly in the middle of a powerful upward leg, with minimal signs of a pullback ahead.  Related Reading: Bitcoin Price Break Above $118,000 Just The Start, Analyst Unveils ‘Golden Number’ CrediBull Crypto’s shared price chart highlights a well-formed textbook Elliott Wave structure that suggests that Bitcoin is in the early stages of a strong Wave 3. Notably, BTC’s recent breakout above the $112,000 range shifted market sentiment in a bullish direction. What once served as resistance was quickly flipped to support, and now price action is clearing a path toward even higher ATH targets as momentum continues to build. A critical factor supporting the analyst’s optimistic BTC outlook is the daily demand zone between $98,000 and 101,000. This area served as the launch point for the previous rally above $112,000 and has remained untested ever since. With selling pressure diminishing and strength building, CrediBull Crypto believes that the price of Bitcoin will stay well above the $110,000 level.  He also views a retest to $112,000 or a decline to $110,000 or below as highly unlikely under current bullish conditions. According to the analyst, Bitcoin’s projected path forward places it near $135,000 by the completion of Wave 3, followed by a brief period of consolidation before a final push toward $155,000.  Bitcoin Rise Above $120,000 Is Just The Beginning As Bitcoin continues its ride above $120,000, Crypto Fella, a market expert on X, has cited the potential for the cryptocurrency to enter price discovery mode and skyrocket to uncharted levels. The analyst’s chart highlights a well-defined ascending trendline beginning in early 2023, with three distinct rally zones marked by purple rectangles. Each of these phases showcases consolidation followed by an aggressive upward move, suggesting a clear pattern of accumulation and breakout.  Related Reading: Market Expert Says It’s Now ‘Illegal’ To Short Bitcoin, Here’s Why The current leg of Bitcoin’s rally appears to mirror this trend from past bullish cycles but with greater force, hinting that the leading cryptocurrency could be on the verge of a parabolic surge. A key target identified in Crypto Fella’s analysis sits around the $138,206 level, which aligns with the projected continuation along the trendline. This level represents the next major psychological resistance and could mark the entrance into a new phase of price discovery. Featured image from Pixabay, chart from Tradingview.com

Shaco AI, in a fresh update, highlighted that Bitcoin is showing off its moves, dancing upwards past both the 25-hour ($119,088.50) and 50-hour ($118,338.56) Simple Moving Averages. With such momentum, it’s clear BTC has decided it’s not a bear season yet. Momentum And Indicators Shaco AI’s analysis on Bitcoin dives deep into the technical indicators, and there’s no shortage of bullish energy in the air. First off, the Relative Strength Index (RSI) is currently riding high at 86.02. That’s well into overbought territory, and as Shaco colorfully put it, “it might need to hydrate soon.” Such elevated RSI levels often signal a potential cooldown on the horizon, but for now, momentum is favoring the bulls. Related Reading: Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape Adding fuel to the trend is the Average Directional Index (ADX), which sits at a robust 44 points. According to Shaco AI, this reading confirms that the current uptrend is strong and well-supported.  The MACD (Moving Average Convergence Divergence) indicator is also reinforcing this bullish narrative, with a reading of 967.98. Shaco described it as “screaming positive vibes,” a signal that buying pressure continues to dominate. A rising MACD in conjunction with a strong ADX often paints a picture of confident market participants driving the trend with conviction. One of the most telling signs is volume. Shaco pointed out that Bitcoin’s trading volume has surged to 2704.5, a significant leap above its average of 856.81. He described this as “some serious weight lifting in buying interest,” underscoring that this isn’t a weak or speculative move — traders are putting real capital behind the rally. Support And Resistance: Bitcoin Make-Or-Break Levels The analyst went further to highlight key levels traders should closely monitor. He noted, “Key Levels Alert: Keep an eye on the resistance at $122,666.0 and support sitting firm at $116,900.05. It feels like Bitcoin is playing ‘The Floor is Lava’ with support levels!” This colorful analogy points to the importance of holding key support to maintain bullish momentum. Related Reading: Bitcoin Consolidation Continues: 2 Key Support Levels To Watch According to Shaco AI, if Bitcoin can sustain a move above the current resistance zone, traders might want to watch for a potential breakout. However, with the RSI already deep in overbought territory, there’s also the possibility that BTC may “peak too soon,” leading to a pullback or brief consolidation phase. He wrapped up the post with a reminder that while momentum is clearly favoring the bulls, it’s essential to stay cautious. “Always make well-informed decisions and manage your risk carefully,” the analyst advised, reinforcing the importance of strategic planning in a volatile market. Featured image from Pixabay, chart from Tradingview.com

With the Bitcoin price rising to new all-time highs every other day, more crypto analysts have come forth with their predictions for where the pioneer cryptocurrency could be headed next. One analyst in particular points out an incredibly bullish development on the Bitcoin price chart that suggests that the rally is far from over. As the trend continues to play out, it is possible that the rise above $118,000 is only the start of the uptrend. Bitcoin Enters Full Price Discovery After clearing the resistance at $117,000, the Bitcoin price has now entered what crypto analysts are referring to as price discovery. This term refers to buyers and sellers determining the price of Bitcoin, and there seems to be a consensus that the digital asset is worth more, and this could trigger the next uptrend. Related Reading: Bitcoin Price Break Above $118,000 Just The Start, Analyst Unveils ‘Golden Number’ An analysis from crypto analyst AltcoinGordon focuses on a particular resistance line that has persisted for the Bitcoin price for the last eight years. This resistance line went through the highs from both March and November 2021, and was not broken. Then again, through the nights in May 2025, and remained unbroken. However, the resistance line has finally succumbed to pressure from the bulls and has been broken through after Bitcoin made it through $117,000. This simply means that there is nothing now holding back the digital asset, allowing it to climb freely from here. Due to this, the analyst believes that this breakout is no ordinary breakout, but rather one that triggers the start of parabolas. In this case, a parabolic rally would lead the Bitcoin price above the $130,000 level if the momentum is maintained. BTC Price Discovery Is Good For Altcoins Altcoin Gordon points out that the Bitcoin price discovery is particularly good for altcoins, as they will rally harder. “Price discovery is in full effect now. And when that happens… alts go wild,” the post read. This has already started playing out as altcoins have been outperforming the Bitcoin price recently. Related Reading: Dogecoin Megaphone Pattern Confirms Price Blowup, ‘Don’t Miss This Last Rally’—Analyst According to the Altcoin Season Index by CoinMarketCap, 27 of the top 50 altcoins have outperformed the Bitcoin price over the last 90 days. This brings the index closer to the 50 top altcoins that are required to outperform Bitcoin over a 90-day period to kickstart the altcoin season. When this happens, the altcoin season will be in full bloom. Once the index crosses the 50 mark, then the parabola for alts is expected to fully begin. For example, back in 2021, the Altcoin Season Index reached a score of 98 before marking the top, and this high figure has been consistence throughout the last three bull markets. Therefore, it is natural to expect that this altcoin season will follow the same trend. Featured image from Dall.E, chart from TradingView.com

Bitcoin punched through a fresh record above $122,000 on the morning of 14 July, extending its month-long rally to more than 16 percent. Against that backdrop, Charles Edwards—the founder and chief executive of digital-asset hedge fund Capriole Investments—argues that the market is only “in the early stages” of a much broader liquidity-driven boom that could dominate the rest of 2025 and beyond. The Bitcoin Liquidity Supercycle In the latest Capriole newsletter, Edwards contends that “money and liquidity provided the backdrop for capital flows, and Bitcoin Treasury Companies are the funnel.” He dismisses the idea that the past fortnight’s $20,000 advance was a technical accident, pointing instead to deep macro currents that have been building for months. “The biggest Bitcoin rallies occur when the market is net short the USD,” he writes, pointing to Capriole’s proprietary “USD Positioning” gauge, which aggregates futures data across major currencies. The metric has been “deeply negative” since early summer, signalling that global investors are decisively betting against the dollar and in favour of hard assets. Related Reading: Bitcoin Price Could Soar To $146K In The Next Leg Up — Analyst Explains How Another pillar is credit. BBB-rated corporate-bond spreads have been grinding tighter since the spring, a classic risk-on signal in traditional markets that, since 2020, has mapped almost tick-for-tick onto major Bitcoin up-moves. “More evidence,” Edwards notes, “that Bitcoin is a tradfi asset.” Perhaps the strongest tail-wind, however, is raw money growth. Global M3 has been expanding at an annualised nine percent clip—an historically extreme rate that Capriole says last coincided with average 12-month Bitcoin returns of roughly 460 percent. Edwards cautions that, as a multi-trillion-dollar asset today, Bitcoin is unlikely to repeat that magnitude, “but it wouldn’t be surprising to see something very substantial from here.” Capriole’s framework also draws on an historical lead-lag relationship between gold and Bitcoin. When bullion enters a meaningful breakout, Bitcoin has tended to follow three to four months later. Gold’s early-2025 surge—and its outperformance versus global equities—therefore offered “strong support for the current market’s diminishing demand for fiat money and favour of hard money,” Edwards argues. Since Capriole flagged gold’s move in April, Bitcoin has risen 28 percent. Equities, too, are offering green lights. The New York Stock Exchange advance–decline line broke to new highs last week, while Capriole’s “Equity Premium” indicator reset to zero in late May—both historically consistent with multi-month stretches of expanding risk appetite. All of those data points feed into the firm’s flagship Bitcoin Macro Index, a composite of dozens of public and proprietary variables that Capriole uses to shape trading exposures in its fund. The index “is still in strong positive growth territory,” Edwards reports, even after the coin’s latest vertical move. That suggests the underlying drivers—liquidity, risk sentiment and on-chain activity—“remain intact.” The Bitcoin Treasury-Company Flywheel Yet perhaps the most striking piece of the puzzle lies outside pure macro. Edwards highlights the emergence of Bitcoin Treasury Companies (TCs)—corporate vehicles that raise fiat capital in equity or debt markets and then deploy it into spot BTC—as the new “primary bubble dynamic of this cycle.” Related Reading: Bitcoin Soars Past $118,800—Breakout Or Brutal Bull Trap? Quarterly inflows into TCs reached $15 billion in Q2, and Capriole counts at least 145 such firms now pursuing the strategy. With their market capitalisations inflated by paper gains on balance-sheet coins, they can tap ever-larger funding rounds—a reflexive loop that Edwards believes “will likely help add over $1 trillion to Bitcoin’s market cap over the next year.” He rejects the notion that this amounts to unhealthy centralisation: “If Bitcoin is to one day become base money, it needs to scale to tens of trillions to flatten volatility. The only way that happens is mass acquisition like we are seeing today.” Edwards stresses that his analysis sits on a months-long horizon. “When Bitcoin sees huge rallies there are always strong pullbacks and local overheating,” he concedes, adding that the newsletter deliberately sidelines short-term on-chain froth to focus on the “bigger picture and driving factors for the next six months.” Still, with central-bank liquidity abundant, the dollar crowded short, credit stress muted and a structurally new pool of corporate buyers stepping in, Capriole’s conclusion is unambiguous: the liquidity tap is wide open, and the Bitcoin supercycle it feeds has only just begun. “While today’s early adopters may be seen as speculators, it will be very obvious in hindsight. After the Treasury company wave is the Government treasury wave (next cycle). We are simply riding the adoption curve which requires trillions of dollars to flow in to Bitcoin from the entities that have it in order to achieve scale,” Edwards concludes. At press time, BTC traded at $122,438. Featured image created with DALL.E, chart from TradingView.com

After hitting a new all-time high of $121,400, the Bitcoin price has started consolidating once again, although the support continues to hold. This is not out of the ordinary, as pullbacks after a major rally are quite common and could be the cool-off needed the uptrend to continue. However, while the $117,000 support has held nicely, it is possible that a deeper correction could be in the cards for the cryptocurrency before the price takes off again. Why A Bitcoin Price Crash Could Begin With the hit to new all-time highs, the weekend brought a slowdown, and this could drive the next wave of correction. Crypto analyst TehThomas explains this in a TradingView post that suggests that there is still the possibility of a short-term correction for the Bitcoin price. However, it could go deeper than expected as the price moves to retest newly formed support at $109,000 and $110,000. Related Reading: Ripple’s $21 Trillion Dream: What Capturing 20% Of SWIFT Volume Means For XRP According to the analyst, the new peaks have plunged the Bitcoin price into uncharted territory, and there would be a new wave of sells from here. Given this, the analyst advices caution as investors engage with the market and the possibility of a deeper correction arises. Furthermore, there is the formation of an ascending trendline that formed with the horizontal support. Since the trendline moves through the $111,000-$113,000 area, it suggests that the price could fall back downward to retest this level. In the case of a deeper correction, then the analyst sees a price sweep into the $110,000 levels to take out liquidity. However, this sweep would be inherently bullish since the retest would provide a bounce-off point that could lead to a “more sustainable” breakout toward all-time highs. Bullish Prospects Still At Large For BTC While the possibility of a sweep down to former peak levels remains high, it is also possible that the price does not break down and instead continues its upward trajectory. Looking back at the ascending trendline, the analyst points out that it is possible that the price does hold the trendline, reducing the impact of the correction. Such a shallow correction would indicate a continuation without a deeper correction. Related Reading: Bitcoin Stalls After Rally: Will It Blast Through $125,000 Or Slip Back To $110K? In this case, the Bitcoin price could resume the uptrend with the $120,000-$125,000 targets in mind. Thus, any deep correction would be expected to begin at much higher price levels. “Bitcoin is currently in price discovery, which means the structure must guide our expectations. A retest of either the trendline or former resistance could provide the next best entry,” TehThomas explained. Regardless of what the case may be, the analyst believes that as long as the price remains above the $110,000 support, then it is inherently bullish. Featured image from Dall.E, chart from TradingView.com

After a powerful breakout last week that pushed Bitcoin into a new all-time high of $118,667, the world’s leading cryptocurrency appears to be taking a breather. As of the time of writing, Bitcoin is trading around $117,953, slightly below its recent peak. The move followed a string of consecutive daily gains as bullish momentum swept across the crypto industry. In a technical analysis shared on the TradingView platform, crypto analyst RLinda pointed out two scenarios that may play out over the coming days and weeks, depending on how Bitcoin reacts to nearby resistance and support levels. Related Reading: Don’t Hold Back—Expert Recommends Full Stake In XRP Support Zones Could Affect Bitcoin’s Next Big Move RLinda’s technical analysis begins with identifying the significance of Bitcoin’s recent all-time high. Although Bitcoin has entered what seems to be a consolidation phase, there’s no confirmed top just yet. The market structure still favors bullish continuation, especially considering Bitcoin is just coming out of a prolonged two-month consolidation zone and entering a realization phase. According to the 1-hour candlestick price chart, Bitcoin is currently trading just above a support area below $117,500. If Bitcoin fails to hold this zone, the leading cryptocurrency could kick off a cascade of corrections that could drive the price to $115,500, then potentially to $114,300, and even back to the previous all-time high of $111,800.  Below that, the 0.5 and 0.705 Fibonacci levels around $113,031 and $111,960 respectively may act as temporary cushions. The last major defensive buy zone is around $110,400, where bulls may step in for a bounce. Basically, what this means is that if Bitcoin loses the support level at $115,500, it could slip back to $110,000 before encountering another strong buy support zone. Image From TradingView: RLinda Bitcoin To $125K, But It Must Breach Resistance First On the other hand, Bitcoin can still push above $118,000 and increase to $125,000, but only under certain conditions. The condition of the rally’s continuation depends primarily on Bitcoin registering a decisive daily close above $118,400 and $118,900. In her words, a daily close above these price levels would hint at a “breakout of structure.” This, in turn, would confirm a transition from consolidation into another impulsive phase upward. In essence, both the bearish and bullish outlooks depend on how Bitcoin reacts at any of the important zones, either support at $116,700 or resistance above $118,400 before making a directional move. However, it is important to note that the consolidation after last week’s rally could last for weeks or even months, much like we’ve seen in previous rallies this cycle. According to the Long-Term Holder Net Unrealized Profit and Loss (NUPL) metric from Glassnode, Bitcoin’s current level of long-term profitability sentiment is at 0.69. This is notably below the 0.75 mark associated with euphoric market conditions, despite Bitcoin having just printed a new all-time high. Image From X: Glassnode Related Reading: Analyst Sounds The Alarm: Shiba Inu Primed For Over 1,500% Breakout Bitcoin spent around 228 days above the 0.75 euphoria threshold in the previous bull market cycle. In contrast, this current cycle has only seen about 30 days above that level, which suggests long-term holders have not yet fully exited into profit and the leading cryptocurrency hasn’t reached overheated conditions. Featured image from Unsplash, chart from TradingView

Bitcoin is testing uncharted territory after breaking past its previous all-time high of $112,000 last Thursday, igniting a powerful new phase in the bull market. With the price currently hovering above $117,000, bulls are firmly in control as optimism spreads across the crypto market. The breakout comes after weeks of tight consolidation, signaling renewed confidence among investors and traders. Related Reading: Bitcoin Dominance Continues Historic Climb – Altcoins Struggle To Gain Ground On-chain data from CryptoQuant adds further support to the bullish narrative. The Coin Days Destroyed (CDD) metric—used to assess whether long-term holders are selling—has returned to a relatively low average despite the rise in price. This suggests that experienced holders are not offloading their positions, but instead continuing to hold through the rally. With long-term holders largely inactive and momentum accelerating, Bitcoin appears to be entering a decisive phase. As macroeconomic conditions remain favorable for risk assets, and with institutional demand rising, all eyes are now on how BTC behaves at these new highs—and whether the rest of the crypto market will follow its lead. Bitcoin Prepares For A Massive Surge Bitcoin continues to trade above key psychological and technical levels, signaling that the market is entering an expansion phase with the potential for a massive surge. After clearing its previous all-time high and consolidating around $117,000, Bitcoin’s structure looks increasingly bullish. Analysts and traders are closely watching on-chain indicators to confirm whether long-term holders are beginning to exit, but so far, the data suggests they are not. Top analyst Darkfost shared relevant insights regarding the Coin Days Destroyed (CDD) metric, a key tool used to assess long-term holder activity. CDD calculates how long a Bitcoin stays unmoved before a transfer, revealing long-term participants’ behavior. Recently, the metric saw a sharp spike, raising initial concerns about possible distribution. However, it was later confirmed that the move involved 80,000 BTC in an internal transfer — no actual selling occurred. Since that event, the CDD has returned to its previous low range, especially when compared to Bitcoin’s soaring price. This signals that long-term holders are still sitting tight, showing no urgency to sell into strength. Their conviction reflects growing expectations of higher prices ahead, supported by macro conditions, increasing adoption, and rising institutional interest. With strong hands holding firm and momentum building, Bitcoin appears poised for continuation. As long as key support levels are maintained and long-term holders remain inactive, the setup favors an explosive move that could redefine price discovery in this cycle. Related Reading: Crypto Founder Pushes Ethereum As ‘World Reserve Asset’ – Details Price Discovery Kicks In: Momentum Accelerates Bitcoin’s three‑day chart shows a textbook breakout from eight weeks of compression. Thursday’s candle closed firmly above the former record cluster at $109,300, opening the door for a vertical push that carried price to $118,800 on the very next print. The candle body towers well above the 50‑period SMA, while the 100‑ and 200‑period averages slope higher beneath, confirming a bullish long‑term structure. The old resistance band between $105,000 and $109,300 now flips into first demand; any orderly retest that wicks into that zone would likely attract sidelined buyers. Below it, $103,600—the mid‑range support that capped drawdowns all spring—remains the line in the sand for the current trend. Related Reading: Ethereum Targets Liquidity Above $3,000 – Price Magnet Forming Upside projections derive from the height of the year‑long range (~$15 k). Adding that measure to the breakout point targets $124–125 k as the next logical objective, with the psychological $120 k round number a potential interim stall area. Momentum oscillators on medium time‑frames are stretched but not at extreme levels, suggesting room for continuation before a cooling period becomes necessary. Featured image from Dall-E, chart from TradingView

Bitcoin has rallied massively over the past seven days by posting an impressive price gain of nearly 9% after climbing from around $108,300 to almost $118,800. This move was quite surprising, particularly as the process saw Bitcoin clearing its previous all-time high from late May by breaking above $111,970. But according to Bitcoin technical analyst CryptoCon, this breakout may just be the beginning. In a recent post on the social media platform X, CryptoCon revealed a long-term cycle pattern that points to a more ambitious price target for Bitcoin. Analyst Unveils BTC’s Golden Number For This Cycle In a recent post on social media platform X, CryptoCon revealed a long-term cycle pattern that points to a more ambitious target for Bitcoin. His analysis is based on the 5.618 Fibonacci extension, which is a number he says has perfectly aligned with every prior cycle top. The projection opens up the possibility of whether Bitcoin’s current move marks the start of another parabolic run. Related Reading: Market Expert Says It’s Now ‘Illegal’ To Short Bitcoin, Here’s Why CryptoCon’s technical chart analysis builds on the recurring 5.618 Fibonacci extension level in previous market cycles. The analyst shows how Bitcoin’s previous tops have fallen within striking distance of this precise extension by measuring the move of each market cycle and applying this golden ratio.  The chart shown below features the $30.84 peak in June 2011, the $1,205 top in November 2013, the $18,702 high from December 2017, and the peak of $63,839 in November 2021. Each of these market tops, as shown in the Bitcoin multi-year price chart below, converged on the same 5.618 multiple from their preceding bear market lows. Now, using this same approach in the ongoing cycle, CryptoCon projected that the next major step for Bitcoin is somewhere between $170,000 and $180,000. Particularly, the 5.618 Fibonacci extension points to a “Golden Number” of $184,181 for Bitcoin’s price in this cycle. Bitcoin Price Compression Is About To Expand Violently Several major forces appear to have contributed to BTC’s recent surge in the past 48 hours. A significant short squeeze earlier in the week reportedly wiped out over $1 billion in bearish positions. At the same time, US-based Spot Bitcoin ETFs registered over $1 billion in daily inflows in the past two consecutive days. Related Reading: Analyst Predicts Bitcoin Price Breakdown — Here’s The Best Time To Buy In his X post, CryptoCon also commented on the current state of Bitcoin’s chart: “All the boring price action is coming to a squeeze; it can’t stay that way forever.” This observation reflects the long period of tight, sideways trading between $105,000 and $108,000 that Bitcoin experienced in the previous two weeks. At the time of writing, Bitcoin is trading at $117,762, retracing slightly after reaching its most recent all-time high of $118,667, according to CoinGecko data. Other crypto analysts now find themselves watching the $130,000 region as another zone of consolidation activity on the way to the possible cycle peak. Featured image from Pixabay, chart from Tradingview.com

Bitcoin has officially entered a new chapter in its bull market, surging to fresh all-time highs near $118,800 after weeks of tight consolidation. This decisive breakout marks a pivotal shift in momentum, with analysts pointing to a potential explosive leg higher as bullish sentiment returns. The move above previous highs has not only reignited interest in BTC but also fueled optimism across the broader crypto market. Related Reading: Ethereum Targets Liquidity Above $3,000 – Price Magnet Forming One of the most telling indicators of the current cycle’s strength is Bitcoin Dominance. According to top analyst On-Chain Mind, BTC dominance has climbed to 65% since the beginning of this bull market. This sharp increase highlights a clear preference among investors for Bitcoin over altcoins, solidifying its position as the market’s anchor in times of volatility and growth. As Bitcoin leads the charge, market watchers believe the breakout could trigger a wave of institutional inflows and renewed attention from sidelined retail investors. With momentum building and confidence growing, the breakout above $118K may just be the start of an even larger move, one that could define the next phase of the 2025 crypto bull cycle. Bitcoin Leads The Charge After weeks of sideways consolidation below the $110,000 mark, Bitcoin has finally broken out, launching a new bullish phase and pushing the broader crypto market into motion. Altcoins, which had lagged in recent months, are now climbing above key resistance levels as confidence spreads. This coordinated move comes amid a backdrop of macroeconomic shifts, with market participants increasingly anticipating a weakening US dollar and the return of inflationary policies under US President Donald Trump’s administration. With expectations of rate cuts looming and pressure mounting on the Federal Reserve, the market sees crypto—especially Bitcoin—as a natural hedge. However, caution still lingers. US Treasury yields remain elevated, continuing to flash warnings of systemic stress in the traditional financial system. That tension has only strengthened Bitcoin’s appeal as a non-sovereign, hard-capped monetary asset. Bitcoin dominance tells the story clearly. “At the start of this bull market, it sat at 40%. Today? 65%,” noted On-Chain Mind, emphasizing how investor preference has overwhelmingly leaned toward BTC. This dominance reflects a trend that has barely flinched, even as Ethereum and other altcoins attempt to catch up. As BTC leads the market higher, its dominance reinforces its role as the primary beneficiary of macro uncertainty. While the altcoin space is beginning to show signs of life, it’s clear that Bitcoin remains the anchor, and investors aren’t ready to rotate just yet. Related Reading: Bitcoin MVRV Oscillator Predicts First Sell Pressure Level At $130,900 – Details 4‑Hour Chart: Post‑Breakout Cooling Bitcoin’s 4-hour chart shows a clean breakout followed by consolidation, a typical sign of strength after an impulsive move. Price surged from the long-standing resistance at $109,300 to a local high of $118,000 in less than twelve hours, marking an 8% rally. This breakout flipped prior resistance into support and triggered strong volume, validating the move. Volume has decreased during this period, which is characteristic of a bullish consolidation rather than distribution. The 50-period moving average (blue) has crossed above the 100-period (green), forming a short-term golden cross near $109K. This crossover supports a bullish outlook, with the 200-period moving average (red) trending upward from $105K, reinforcing the structure of higher lows. Related Reading: Altcoins Jump Off Critical Support Level – Relief Or Reversal? As long as Bitcoin remains above $112K, bulls are firmly in control. A drop below $109K would invalidate the breakout and raise short-term risks. However, if price can break above $118K with conviction, it could open the door to a run toward the $120K psychological level. Featured image from Dall-E, chart from TradingView

Bitcoin has surpassed its previous all-time high, reaching $118,254 and marking a notable milestone in its price trajectory. This latest milestone comes after BTC’s former high at $111,000 levels in May, representing a 10% gain over the past week and roughly 5.9% in the last 24 hours. At the time of writing, Bitcoin is trading at approximately $117,584. The sharp price increase appears to be giving strength to activity among both miners and leveraged traders, prompting a closer examination of current market behavior. Analysts monitoring on-chain activity have flagged a resurgence of miner activity alongside a rise in derivative positions, suggesting multiple forces may now be contributing to price movements. Related Reading: Research Predicts $160,000 Bitcoin By EOY—If Treasury Firms Hold As these two segments of the market engage more actively, questions are emerging around the sustainability of this rally and whether these behaviors signal confidence or caution. The current on-chain environment shows both selling pressure from miners and increased exposure from long-positioned traders. Bitcoin Miner Activity Rises Alongside Price Surge One of CryptoQuant’s QuickTake contributors, Arab Chain, observed a marked increase in miner activity as Bitcoin crossed the $118,000 level. According to the analyst, this uptick in activity is tied to miner transfers to exchanges, marking the first such increase since May 23. This trend suggests miners could be taking advantage of recent price gains to realize profits. As Arab Chain explained, “The continued activity of miners, coupled with Bitcoin’s price rising to new highs, clearly indicates that they are selling Bitcoin.” Despite this renewed transfer volume, miner behavior has not yet reached the scale of over-the-counter (OTC) selling seen in previous months. Historically, large-scale selling by miners has introduced notable volatility into the market, particularly when sustained across a broader period. The analyst also pointed out the economic leverage miners hold in decision-making, owing to their ability to manage operational costs and balance between holding and selling mined Bitcoin. Whether this increase in exchange flows will develop into heavier selling remains to be seen. Derivatives Market Shows Renewed Leverage Exposure In a separate analysis, CryptoQuant contributor Enigma Trader focused on derivatives market activity, highlighting a 24% surge in open interest from approximately $33 billion on July 1 to over $41 billion by July 11. The timing of this increase coincides with Bitcoin’s breakout above $118,000, and reflects renewed leveraged interest following a reset late last month. This level of open interest suggests that traders are positioning more aggressively, potentially anticipating continued upside. The analyst also noted a shift in funding rates from negative to their highest positive reading in a month, around 0.012% per eight hours. Positive funding indicates that long-positioned traders are paying to maintain their positions, a sign of bullish sentiment. Related Reading: Bitcoin Uptrend Intact, But Binance Activity Warns Of Short-Term Pullback However, Enigma Trader cautioned that such positioning can become precarious if momentum slows. “This setup often fuels upside continuation if spot demand backs it, but also increases the risk of a long squeeze should momentum stall,” the analyst wrote. Featured image created with DALL-E, Chart from TradingView

As Bitcoin (BTC) continues to post new all-time highs (ATH), reaching as much as $118,869 on Binance, market indicators show little sign of overheating. The lack of retail-driven hype amid BTC’s record-breaking run suggests there may still be room for further growth in the flagship cryptocurrency. Bitcoin ATH Sees Absence Of Hype According to a recent CryptoQuant Quicktake post by contributor burakkemeci, Bitcoin’s current rally is notably characterized by the absence of retail investors. The contributor argues that this lack of retail participation implies BTC may still have significant upside potential. Related Reading: Bitcoin Rally Ahead? DXY Breakdown Suggests Capital Shift To Risk-On Assets The analysis centers on the Spot Retail Activity Through Trading Frequency Surge metric, which tracks the frequency of retail trading activity in the Bitcoin spot market. The analyst shared the following chart to illustrate the trend. When retail trading activity rises significantly compared to the one-year moving average (MA), the chart forms bubbles. Green bubbles indicate that there are very few retail investors currently in the market. Orange bubbles show that trading activity among retail investors is picking up. Similarly, red bubbles indicate caution, hinting that there are too many retail investors in the market and that it may be a good time to consider exit strategies. As the below chart shows, retail activity remains subdued – even as BTC continues to reach new ATHs. In fact, the metric has stayed within the gray zone since March 2024, reflecting a lack of mass retail entry. Historically, retail trading tends to surge as BTC approaches or exceeds ATH levels. The analyst notes that this absence may indicate the cycle top is still ahead: The bull market is still largely driven by institutions and exchange-traded funds (ETFs). When retail finally enters the scene, that might mark the beginning of the final phase. BTC Witnessing Subdued Selling Pressure In addition to the low retail presence, other on-chain indicators suggest that Bitcoin’s current rally is not overheating. For example, the Miner Position Index has been declining since November 2024, implying reduced selling pressure from miners. Another key metric, the Market Value to Realized Value (MVRV) ratio, is holding steady around 2.2 – below the 2.7 levels observed during ATHs in March and December 2024. Recent analysis predicts the next significant resistance may emerge at around $130,900. Related Reading: Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top Despite weak selling pressure and limited retail activity, some recent exchange trends hint at the possibility of a short-term pullback. At the time of writing, BTC is trading at $117,746, up an impressive 6% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin’s summer rally accelerated in the early hours of 11 July, when the benchmark cryptocurrency sliced through $118,000 and printed exchange highs that peaked above $118,800, depending on venue data. The spike wiped out an estimated $1.25 billion in short positions within a single trading day, according to CoinGlass figures. Bitcoin Bull Trap Or Breakout? Capriole Investments founder Charles Edwards took to X as the breakout unfolded. “New all-time highs beget new ATHs. It’s usually unwise to ignore a major breakout like this, until invalidated,” he wrote, adding that corporate treasury demand has “grown exponentially, with dozens of new companies popping up in recent months.” Edwards’ base-case projection calls for a further 50–70 percent advance over the next six months—roughly $170,000–$196,000. Related Reading: Research Predicts $160,000 Bitcoin By EOY—If Treasury Firms Hold His focus on treasuries is backed by hard data. Public companies added a record 159,107 BTC in Q2—pushing aggregate corporate holdings above 847,000 BTC, or about four percent of max supply. Corporate Bitcoin acquisitions have even outpaced ETF net inflows. Matthew Sigel, head of digital-asset research at VanEck, framed Bitcoin’s trajectory within a broader macro and policy backdrop. “The natural course for Bitcoin remains higher, driven by persistent US debt and deficit problems, demographic tailwinds, a weakening dollar, growing momentum around Fed rate cuts, and the potential for a new Fed chair next year,” he wrote on X. Sigel also highlighted Capitol Hill’s looming “Crypto Week,” where stablecoin legislation is widely viewed as the most passable of several digital-asset bills. Those developments, he argues, make $180,000 “very much in play for 2025.” Law-makers appear to share the sense of urgency. A press statement from the House Financial Services Committee confirms that the week of 14 July will be dedicated to advancing the CLARITY Act, the Anti-CBDC Surveillance State Act and the GENIUS Act. Passage would establish the first comprehensive federal framework for stablecoins and market structure, a change Sigel says could “unlock wide-open capital markets” for the sector. Related Reading: Bitcoin Is One Candle Away From $141,300 Breakout, Chart Master Warns Spot Bitcoin ETFs are hardly idle: net inflows into BlackRock’s iShares fund alone have pushed its holdings past 700,000 BTC in the 18 months since launch. Yet Edwards and Sigel both note that treasury companies have become the marginal buyer in 2025. The dynamic creates what Edwards calls a “cap-raising flywheel,” as firms showcase outperforming share prices—up nearly 60 percent year-to-date for the treasury cohort—when courting investors. Notably, the rally is unfolding against a supportive macro backdrop. Federal Reserve Governor Christopher Waller told a Dallas Fed audience he is “open to cutting the policy rate in July,” arguing current settings are “too tight” given waning inflation pressures. Meanwhile, US President Donald Trump continued his attacks on Fed chair Jerome Powell over the past weeks, demanding immediate rate cuts. Trump’s tariff escalation also seems to fade out, supporting the Bitcoin rally. Notwithstanding euphoric headlines, technicians warn that momentum must sustain above $110,000 to avoid a failed-breakout pattern. “This theory would be weakened with closes below $110K and invalidated below $105K,” Edwards concludes. At press time, BTC traded at $117,854. Featured image created with DALL.E, chart from TradingView.com

Bitcoin has set a new all-time high (ATH) above $118,000, but on-chain data from Glassnode shows BTC volume remains low despite the breakout. Bitcoin Volume Still At Historically Low Levels Just recently, Glassnode had revealed that volume related to Bitcoin had dropped to yearly lows, potentially hinting at the start of a summer lull. Now, following the breakout to new highs, the on-chain analytics firm has shared updated data in a reply to an X user, showcasing how volume has changed since. From the chart, it’s visible that both the Spot and Futures Volumes, corresponding to Bitcoin trading activity occurring on the spot and futures platforms, respectively, plummeted at the end of June and remained low into early July. Related Reading: Solana Breaks Out Of Symmetrical Triangle—Next Stop $164? With the latest price breakout, however, both metrics have seen an increase, suggesting activity has noted an uplift across both the spot and futures markets. That said, while there has indeed been an uptick in trading, volumes still remain low when compared to history. Historically, rallies have usually only been sustainable when they have been able to capture mass attention from the traders. This is because the fresh activity is what ends up providing fuel for these runs to keep going. “The takeaway here is that BTC hit an ATH despite thin liquidity – worth paying attention to,” notes the analytics firm. It now remains to be seen whether the activity increase would continue in the coming days or if the lull is here to stay. In some other news, a key Bitcoin indicator still remains outside the euphoria zone, as Glassnode has pointed out in another X post. The metric in question is the Net Unrealized Profit/Loss (NUPL) of the long-term holders. The NUPL measures, as its name suggests, the net amount of unrealized profit or loss that the BTC investors are currently holding. Here, the NUPL of the long-term holders (LTHs) specifically is of interest, who are the investors holding their coins for more than 155 days. Below is a chart that shows the trend in the Bitcoin LTH NUPL over the past year. As displayed in the graph, the Bitcoin LTH NUPL has observed a rise alongside the latest price rally as LTH profits have grown. However, despite this, the indicator stands at 0.69, which is under the 0.75 level that has historically separated euphoric markets. Related Reading: Bitcoin Breakout Not Just Hype—$4.4B Inflows Back The Move “This cycle has seen just ~30 days above the 0.75 threshold, compared to 228 days in the previous cycle,” says the analytics firm. The metric was last above this level in February. BTC Price At the time of writing, Bitcoin is floating around $118,000, up over 9% in the last week. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Bitcoin’s price is holding firm despite growing chatter about the end of its market dominance. However, analysts are turning their attention not to Bitcoin’s price but to its waning market share as signs that altcoins may finally be ready to take center stage in what could become a full-blown altcoin season. A post on X has highlighted a specific breakdown structure in BTC dominance, which is linked to nine factors indicating that the altcoin season has begun. Technical Factors Showing Fall Of Bitcoin Dominance According to the analyst, Bitcoin dominance reached a peak of exactly 66% on June 27, 2025, a date he calls significant for its esoteric code 434 and its occurrence on a new moon. From a technical perspective, the 66% mark coincided precisely with the 0.786 Fibonacci retracement level, a region many traders consider a reversal zone. More importantly, several warning signals are flashing for Bitcoin traders. Related Reading: Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says  The analyst’s post on the social media platform X features a few price charts to emphasize how the Bitcoin dominance might be fading, alongside nine factors. From a purely technical lens, the dominance chart looks increasingly exhausted. The first factor is the most recent highest monthly RSI in the history of the Bitcoin dominance chart. This event has created an overbought condition, and the next outlook is a possible crash of the RSI. The MACD, in fact, has already crossed into bearish territory. Furthermore, the histogram has turned negative, and the faster line has moved below the slower one, which is a classic signal of an impending downtrend. Another interesting factor is that Bitcoin dominance has now broken a key diagonal support line that held firm through much of 2024 and 2025, which is another possible structural breakdown.  Fundamental Factors Show Strong Rotation Into Altcoin Pairs While the technical picture is deteriorating, the fundamentals are also stacking in favor of altcoins very quickly. The first fundamental factor is the importance of upcoming altcoin spot ETFs, which have the possibility to redirect institutional flows from Bitcoin into Ethereum, XRP, and others.  Related Reading: Time To Forget Altcoin Season? Bitcoin Dominance At This Level Is This Only Hope ETFs such as the Spot XRP, Dogecoin, and Solana ETFs could rapidly increase inflows into the rest of the crypto market, similar to how Spot Bitcoin ETFs caused massive inflows into Bitcoin. The analyst also highlighted the likelihood of upcoming U.S. Federal Reserve rate cuts, which would tilt market conditions in favor of altcoins over Bitcoin. Momentum has also begun to shift in some trading pairs, particularly XRP/BTC and ETH/BTC, both of which are showing reversal signs from critical levels. The XRP/BTC chart displays repeated failed attempts to break above 0.0000215 BTC, a horizontal resistance that has now been tested five times on the daily candlestick timeframe chart. At the time of writing, the XRP/BTC pair has returned to this level yet again, and based on this pattern, any clean breakout here could confirm a decisive rotation into XRP.  Likewise, Ethereum has begun to recover from long-term oversold conditions when measured against Bitcoin. The rounded bottom pattern forming on the ETH/BTC weekly chart shows a reversal from undervaluation, which in past cycles has caused substantial gains for Ethereum relative to BTC. Featured image from Pixabay, chart from Tradingview.com

Bitcoin has officially broken through its previous all-time high of $112,000, surging to $118,000 just hours ago and entering uncharted territory for the first time since late May. The breakout confirms bullish momentum after weeks of consolidation and failed attempts, with price action now showing clear strength. With the psychological and technical barrier of $112K cleared, many analysts believe this move could mark the beginning of Bitcoin’s next expansive rally. Related Reading: Altcoins Jump Off Critical Support Level – Relief Or Reversal? Bulls are firmly in control, and on-chain metrics support this breakout narrative. According to fresh data from CryptoQuant, the MVRV (Market Value to Realized Value) Extreme Deviation Pricing Bands currently stand at 2.25. Historically, Bitcoin enters the overheated zone around 3.0 or higher, suggesting there is still room for growth before reaching excessive valuation territory. This metric, which measures the deviation between market price and realized value, helps identify when BTC is overbought or undervalued relative to past performance. At current levels, the data points to continued upside potential without major overheating concerns, fueling confidence that this breakout could extend further. Bitcoin Enters Expansion Phase As Market Eyes $130K After weeks of tight consolidation below the $110,000 mark, Bitcoin has finally broken out, signaling the start of a new market phase. The breakout above previous highs has reignited investor optimism, not only for BTC but also for the broader altcoin market, with many altcoins now pushing above key resistance levels for the first time in months. This move comes amid growing anticipation of a weakening US dollar and renewed inflationary pressures as Washington adopts looser fiscal policies. The market is increasingly pricing in the effects of tax cuts, high government spending, and dovish political rhetoric—all of which create a favorable environment for risk assets like Bitcoin. Still, the macro backdrop is not without risks. US Treasury yields remain elevated, flashing warnings of underlying systemic stress in credit markets. This tension underscores the fragility of the current rally and the importance of monitoring fundamental shifts. Top analyst Axel Adler shared insights using the MVRV oscillator, a model that compares Bitcoin’s market value to its realized value. According to Adler, historical data over the last four years suggests that when MVRV reaches 2.75, Bitcoin tends to face its first wave of meaningful selling pressure. If the same pattern holds true in this cycle, Bitcoin could reach approximately $130,900 before seeing notable profit-taking activity. While the current MVRV reading remains below that threshold, the model offers a clear signal of where long-term holders may begin offloading. Until then, the breakout sets the stage for a potential leg higher, with bulls now in control, pushing toward price discovery and a possible test of the $130K zone. Related Reading: Ethereum Back At Range Highs: Breakout Above $2,800 Could Ignite Altseason BTC Enters Uncharted Territory With Strong Momentum Bitcoin has officially broken into price discovery after blasting through its all-time high resistance near $112,000. The 3-day chart shows a massive bullish candle pushing BTC up to $118,683, representing an 8.94% gain in the last session. This breakout is the first clear sign of a strong bullish continuation after weeks of sideways consolidation below key resistance. The chart highlights a textbook breakout structure. BTC respected the $103,600 and $109,300 support zones multiple times throughout May and June before finally gaining enough momentum to pierce through the upper resistance. The recent surge came with a noticeable spike in volume, adding confidence to the breakout’s sustainability. Moving averages also confirm the bullish trend. The 50, 100, and 200 SMA lines remain aligned upward with increasing separation, suggesting that market structure remains strong and trend continuation is likely. Bitcoin is now trading well above all major moving averages, reinforcing the strength of the rally. Related Reading: Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape With no historical resistance levels above, BTC enters a price discovery phase. The next psychological target for bulls will likely be $120,000, followed by the MVRV-based resistance level around $130,900. As long as BTC holds above $112K, the momentum remains decisively in favor of the bulls. Featured image from Dall-E, chart from TradingView