Bitcoin’s recent journey has captured the attention of traders and investors alike, with its price bouncing back above the $118,000 mark after a tumultuous period characterized by heavy selling from market whales. This resurgence has ignited lively conversations about how much influence large holders—or whales—alongside long-dormant wallets truly have on Bitcoin’s price dynamics.
Surprising many, the latest findings from River, a Bitcoin-centric financial institution, reveal a striking statistic: over 67% of Bitcoin (BTC) is still securely held by individual investors rather than institutions, governments, or corporate entities, which collectively account for a mere 13.8%. This shift in understanding not only defies the conventional notion of whale dominance but also emphasizes Bitcoin’s foundational ethos of decentralization. In Satoshi Nakamoto’s vision, it was always about empowering individuals to take charge of their financial destinies, and these numbers reinforce that ideal.
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
In light of these insights, Bitcoin’s recent resilience in the face of whale selling becomes even more significant. Not only did it stay strong above the pivotal level of $117,000 during this period, but it also managed to close in a bullish territory by filling the CME gap at $115,000. This recovery has many analysts buzzing with optimism.
$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
The current market momentum appears to be firmly in the hands of the bulls, with many setting their sights on a bullish trajectory that could see Bitcoin climb towards $140,000, a notable milestone on the horizon. However, it’s essential to remember that the cryptocurrency market is inherently volatile, and prudent risk management remains crucial. The Index Bitcoin Cycle Indicators (IBCI) reveals that we have entered the Distribution zone after five consecutive months of growth, a phase often associated with market exuberance and possible peaks. Interestingly, the index is still well below the historical threshold that signals major tops, making further price advances feasible.
Source: CryptoQuant
This analysis also hints that Bitcoin’s goal of reaching between $140,000 and $150,000 might still be within grasp. The absence of aggressive profit-taking typically observed at cycle peaks suggests there’s still upward momentum to tap into. From a technical analysis perspective, Bitcoin’s daily chart reflects a developing Elliott Wave pattern, currently positioned in the early phases of Wave (V). Here’s where it gets exciting: the earlier waves—(i) to (iv)—have all completed according to Elliott Wave principles, indicating that we could be on the verge of significant price movement.
Source: TradingView
Bitcoin is currently navigating just below the 9-day EMA, sitting at $118,016.64—this level is serving as immediate resistance. The emergence of a bullish pennant or flag formation just beneath this resistance suggests there could be more upward momentum, potentially nudging it toward a target around $131,757. With the Relative Strength Index (RSI) resting comfortably at 66.42, we aren’t in overbought territory just yet, leaving the door open for additional gains.
As Bitcoin fluctuates between these crucial price levels, a fresh contender known as Bitcoin Hyper is entering the scene and attracting significant attention. In its early funding phase, the project has raised over $5 million, indicating a strong belief among investors. What’s particularly intriguing about Bitcoin Hyper is its ambition to serve as an enhanced version of regular Bitcoin. Using a “Layer 2” system, it aims to improve scalability and efficiency for Bitcoin transactions.
Source: Bitcoin Hyper
This pioneering project has piqued the interest of many, with experts suggesting that the $HYPER token could witness a tenfold increase from its current price of $0.0124 as the initiative progresses through its funding stages. This presents an enticing opportunity for early investors looking to capitalize on its growth potential while they can.
In summary, Bitcoin’s impressive rebound and the individual ownership dynamics underscore a cryptocurrency landscape rich with possibility. As we look forward, it will be fascinating to see how both Bitcoin and innovative projects like Bitcoin Hyper evolve in a market that’s always one step ahead. Are you ready to navigate the exciting opportunities that lie ahead in this thrilling cryptocurrency space?