In an impressive display of resilience, Bitcoin’s price recently surged past $118,000, bouncing back strongly after facing significant selling pressure from whale traders. This remarkable recovery has ignited lively conversations among market participants, prompting a closer examination of how major holders and long-dormant wallets shape Bitcoin’s price dynamics.
Contrary to the common belief that institutions dominate the Bitcoin landscape, new insights from River, a financial institution focused on Bitcoin, reveal a compelling statistic: individual owners control over 67% of all Bitcoin, leaving institutional players with a mere 13.8%. This fact highlights the profound influence everyday people still hold in this decentralized ecosystem, resonating with Satoshi Nakamoto’s original vision of a financial system free from the clutches of centralized entities.
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 strong individual ownership is vital, especially in light of Bitcoin’s ability to weather the storm posed by whale selling pressure, demonstrating that control remains distributed among users rather than consolidated in the hands of a few. The cryptocurrency has successfully secured its standing above key bullish territory, notably closing above $117,000 and filling the significant CME gap 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’s next higher high. The bulls are back again in beast mode.… pic.twitter.com/BAFFiDHc89— Henry (@LordOfAlts) July 26, 2025
Market momentum has shifted decidedly in favor of the bulls, positioning Bitcoin for a potential rally toward the next big milestone of $140,000. However, as anyone who has navigated the choppy waters of cryptocurrency knows, the market’s inherent volatility calls for astute risk management.
Notably, the Index Bitcoin Cycle Indicators (IBCI) just entered the Distribution zone following a five-month streak of strong performance. This zone is often associated with peak market euphoria. Encouragingly, it appears we have yet to hit the inflection point; the index remains beneath the critical 100% mark, currently at 80%, which signals that major profit-taking activity typical at cycle tops has not yet emerged.
This suggests that ambitious price targets of $140,000 to $150,000 are within reach, particularly since aggressive profit-taking has yet to be seen. From a technical standpoint, a closer look at Bitcoin’s daily chart reveals that we might be entering Wave (V) of the Elliott Wave pattern, suggesting upward potential as earlier waves (i) through (iv) have already been completed.
Currently hovering beneath the 9-day EMA at $118,016.64, Bitcoin faces immediate resistance but hints at an emerging bull pennant formation that could pave the way for further gains, targeting around $131,757. With the RSI holding at a robust 66.42—well below overbought levels—there’s ample room for upward movement.
Meanwhile, amidst the ups and downs of Bitcoin, a new player has captured investor interest: Bitcoin Hyper. Still in its nascent funding stage, this project has already raised an impressive $5 million, signaling strong investor confidence. So, what’s Bitcoin Hyper all about? Picture it as an enhanced version of Bitcoin, utilizing an innovative “Layer 2” solution designed to improve overall functionality.
This pioneering project is generating buzz not only for its unique approach but also for its potential for significant returns. Many crypto experts are forecasting that the $HYPER token could see returns of up to 10 times its current value. Currently, early investors have the opportunity to purchase $HYPER tokens at just $0.0124, making it an enticing prospect as the price is expected to rise with further funding.
As the market evolves, these developments in Bitcoin’s price dynamics, coupled with the exciting entry of new projects like Bitcoin Hyper, illustrate the vigor and potential of the cryptocurrency landscape. Are you ready to ride the waves of opportunity in this exhilarating space? Join the conversation and stay informed about the latest trends shaping the future of finance!