Bitcoin surged above $122,000 at the moment, leaving it solely about 1% away from setting a brand new all-time excessive, in response to knowledge from Bitcoin Journal Professional. The present report of $123,180, set on July 14, 2025, might be damaged at any second given bitcoin’s trademark volatility. With institutional adoption persevering with to rise and demand for BTC accelerating, a brand new report might arrive sooner quite than later.
Including to this momentum, whale accumulation has hit unprecedented ranges. As of yesterday, the variety of addresses holding over 100 BTC reached a brand new all-time excessive of 18,996, surpassing the earlier peak of 18,544 from February 26, 2017. Bitcoin Journal Professional’s chart reveals a gentle enhance in these massive holdings, pushed partly by company treasuries aggressively including BTC to their steadiness sheets. Michael Saylor’s agency Technique has greater than doubled its Bitcoin holdings since Donald Trump’s election victory, boosting its complete treasury by 60%. This shopping for spree comes amid a friendlier regulatory local weather underneath the Trump administration, which has rolled again sure Biden-era enforcement actions and launched pro-crypto insurance policies.
Macroeconomic situations are additionally including gasoline to the bullish fireplace. U.S. Treasury Secretary Scott Bessent stated rates of interest are “too constrictive” and will seemingly be 150-175 foundation factors decrease. Talking on Bloomberg Surveillance, he acknowledged, “I feel we might go right into a collection of charge cuts right here, beginning with a 50 basis-point charge reduce in September… we must always most likely be 150, 175 foundation factors decrease.”
President Trump took it a step additional at the moment, calling for the Federal Reserve to chop charges by 3 or 4 factors, which might convey them to round 1%. “I imagine we ought to be three or 4 factors decrease. In order that’s over a trillion {dollars} we pay — yearly — in curiosity. And it’s really only a paper calculation. You signal a doc and also you save virtually a trillion {dollars}… However regardless of that, we’re powering via it and have the best financial system we’ve ever had,” stated Trump.
In the meantime, Cathie Wooden, CEO of ARK Make investments, reaffirmed her ultra-bullish, long-term outlook. Talking to CoinDesk, she stated, “I feel that we are able to safely say that our bull case is properly over 1,000,000, properly over 1,000,000 {dollars} in 5 years,” citing Bitcoin’s function because the “gateway into digital property for establishments” and a “substitute for gold as a retailer of worth.”
With institutional inflows, whale accumulation, and potential financial easing converging, bitcoin might be on the verge of a historic breakout to new all-time highs.
