Bitcoin surged above $122,000 at present, leaving it solely about 1% away from setting a brand new all-time excessive, based on knowledge from Bitcoin Magazine Pro. 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 could arrive sooner relatively 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 improve in these giant holdings, pushed partially 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 circumstances are additionally including gas to the bullish hearth. U.S. Treasury Secretary Scott Bessent said rates of interest are “too constrictive” and may probably be 150-175 foundation factors decrease. Talking on Bloomberg Surveillance, he acknowledged, “I believe we may go right into a sequence of fee cuts right here, beginning with a 50 basis-point fee lower in September… we should always most likely be 150, 175 foundation factors decrease.”
President Trump took it a step additional at present, calling for the Federal Reserve to chop charges by 3 or 4 factors, which might carry them to round 1%. “I imagine we needs 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 nearly a trillion {dollars}… However regardless of that, we’re powering by way of it and have the best economic 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 said, “I believe that we will 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.
