In an impressive display of resilience, Bitcoin’s price has surged past the $118,000 mark, rebuffing significant downward pressure from prominent whale activities. This remarkable rebound has ignited a fervent discussion among crypto enthusiasts and investors regarding the true influence of these large holders and long-forgotten wallets on Bitcoin’s price dynamics. Surprisingly, insights from River, a leading Bitcoin-focused financial institution, reveal that a staggering 67% of all Bitcoin remains in individual hands, marking a noteworthy departure from the common perception of whale dominance in the market.
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 decentralization of ownership aligns perfectly with Satoshi Nakamoto’s original vision of Bitcoin. It emphasizes the significance of individual investors maintaining control over a fiscal landscape historically dominated by major institutions. Bitcoin’s remarkable strength, managing to stay above $117,000 during a tumultuous period marked by significant whale selling, strengthens this narrative. Notably, Bitcoin has also successfully closed above a critical bullish support level, effectively completing the Chicago Mercantile Exchange (CME) gap fill at $115,000.
$BTC 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
As market momentum shifts firmly into the hands of the bulls, many analysts are predicting an exciting rally that could set Bitcoin’s sights on the ambitious target of $140,000. However, investors are reminded that the volatile nature of cryptocurrency necessitates prudent risk management strategies. The Index Bitcoin Cycle Indicators (IBCI) has recently entered the Distribution zone after a prolonged five-month period. This range has historically been associated with market exuberance and potential peaks, but interestingly, the index remains well within the lower boundary of this zone, hovering around the 80% level—well below the 100% mark that often indicates significant cycle tops.
This situation suggests that Bitcoin’s aspirations to hit the $140,000 to $150,000 range remain feasible, as the typical aggressive profit-taking tendencies seen at cycle peaks have not yet manifested. On the technical analysis front, there’s an intriguing emergence of an Elliott Wave structure within Bitcoin’s (BTC/USD) daily chart, indicating the asset is currently in the formative phases of Wave (V). The previous waves have followed established principles, suggesting a systematic progression that could lead to renewed upward momentum.
Currently, Bitcoin is consolidating just below the 9-day Exponential Moving Average (EMA) of $118,016.64, which now acts as an immediate resistance level. The emergence of a bullish flag pattern below this resistance could signal an impending continuation of the bullish trend, potentially reaching a Wave (V) target of around $131,757. Furthermore, the Relative Strength Index (RSI) at 66.42 remains below overbought levels, meaning there is still space for upward movement before any potential consolidation occurs.
As Bitcoin navigates its price fluctuations, the crypto sphere is buzzing with excitement over a new contender—Bitcoin Hyper. This innovative project has already raised an impressive $5 million in its early funding stages, attracting widespread interest from investors eager to be part of its journey. What sets Bitcoin Hyper apart? Think of it as a sophisticated upgrade to traditional Bitcoin, leveraging a Layer 2 technology designed to enhance Bitcoin’s functionality.
This pioneering project is generating significant buzz and is poised to capture the market’s attention. With expert predictions suggesting the $HYPER token could multiply tenfold in value, early investors are keen on acquiring tokens at the current price of $0.0124 each. As the project progresses through its funding milestones, the value of $HYPER tokens is set to rise, making early investments particularly attractive.
In conclusion, as Bitcoin continues to dominate headlines with its remarkable price resilience and evolving market dynamics, it serves as a reminder of the potent potential within the cryptocurrency landscape. Whether you’re a seasoned investor or just beginning your cryptocurrency journey, staying informed about market shifts and innovative projects can provide valuable insights and opportunities. Will you dive in and explore these promising developments further?