In a remarkable turn of events, Bitcoin has once again stunned the market by rising to a robust price of over $118,000, defying strong selling pressure from large investors, often referred to as whales. This unexpected rebound has ignited a flurry of discussions within the crypto community about how heavily whale actions and long-forgotten wallets impact the price of Bitcoin.
Recent revelations from River, a financial institution devoted to Bitcoin, illuminate a surprising reality: a staggering 67% of all Bitcoin is held by individual investors rather than institutional giants or corporations. This redistribution of ownership aligns perfectly with the core values of Bitcoin’s creator, Satoshi Nakamoto, who envisioned a decentralized financial landscape where everyday people, not just the elite, steer economic decisions that resonate with their lives.
67% of #bitcoin is still owned by individuals. Wall Street, governments, and corporations? Just 13.8%. pic.twitter.com/EjvlnR5aHF— TFTC (@TFTC21) July 24, 2025
This level of individual ownership appears to be playing a crucial role, particularly as Bitcoin showcases its strength by sustaining a price above $117,000 during a challenging period of whale selling. Following a tumultuous stretch, Bitcoin not only managed to close above significant bullish territory but also completed a fill of the CME gap at $115,000, a critical bullish area of interest for traders.
#Bitcoin just did what we are not expecting. Closed above key Bullish zones. CME gap at $115K was filled. High Leverage Rekt out. Institutions buying heavily their BAGS. This correction was very much needed for Bitcoin next higher high. The bulls are back again in beast mode. pic.twitter.com/BAFFiDHc89— Henry (@LordOfAlts) July 26, 2025
With the market sentiment now tilted in favor of the bulls, many analysts predict that Bitcoin may be gearing up for a formidable rally, potentially reaching as high as $140,000. However, the inherent volatility of cryptocurrencies necessitates thoughtful risk management for investors. The Index Bitcoin Cycle Indicators (IBCI) has transitioned into the Distribution zone, a range historically associated with market enthusiasm and possible peaks. Yet interestingly, the index is still resting far below the critical threshold of 100%, which has previously indicated major market tops.
This indicates that a climb towards targets of $140,000 to $150,000 remains within reach, as the typical profit-taking approaches associated with cycle peaks have yet to surface. For those who err on the side of cautious optimism, technical analysis provides encouraging signs. Bitcoin’s daily chart reveals the formation of an Elliott Wave pattern—currently positioned within the early stages of Wave (V)—indicating potential upward momentum.
Currently hovering just below the 9-day EMA at $118,016.64, Bitcoin appears to be preparing for a decision point. The emergence of a bull pennant just under this resistance level hints at continuing bullish momentum, with a projected target for Wave (V) around $131,757. Adding to the positivity, the RSI reading of 66.42 indicates there’s still room for additional appreciation before entering overbought territory.
Meanwhile, amidst the fluctuating price of Bitcoin, a new project named Bitcoin Hyper is generating buzz within the investment community. Having already raised over $5 million in its early funding rounds, this innovative Layer 2 solution aims to enhance Bitcoin’s capabilities. Remarkably, Bitcoin Hyper is attracting early investors pitching it as a next-gen upgrade to Bitcoin.
Consider Bitcoin Hyper as the streamlined evolution of traditional Bitcoin, tapping into a new technological framework that could significantly enhance its performance and usability. Investors are intrigued by the potential for the $HYPER token to multiply in value, possibly rising ten-fold as its popularity soars. Currently available at just $0.0124, securing a foothold in this promising project might just pay off handsomely as it progresses through its funding stages.
As the dynamics of the cryptocurrency market continue to evolve, both seasoned investors and newcomers should keep a keen eye on these developments. The combination of Bitcoin’s resilience, a growing ownership base among individuals, and innovative new projects might just signal the dawn of a new phase within the crypto ecosystem. Will you be part of this exciting journey?