Bitcoin Nears $105K as Market Anticipates Breakout Amid Bullish Sentiment

Bitcoin continues to captivate the crypto market as it hovers near the $105,000 mark, with brief rallies pushing it to $105,800. Altcoins, however, remain relatively subdued despite the overall bullish sentiment. Analysts are drawing parallels to historical patterns and leveraging models like PlanB's stock-to-flow to predict further gains. The crypto community is closely monitoring these developments, with traders positioning for a potential breakout. Meanwhile, 21Shares has added to the excitement with its latest predictions on Bitcoin supply dynamics, fueling optimism for the digital asset's future.

Bitcoin and Altcoins Stir Excitement as Price Expectations Surge

Bitcoin hovers NEAR $105,000, with altcoins showing subdued activity despite a brief rally to $105,800. Market analysts anticipate further gains, citing historical patterns and bullish sentiment.

PlanB's stock-to-flow model continues to influence expectations, drawing attention to potential upside targets. The crypto community watches closely as traders position for a possible breakout.

21Shares Predicts Bitcoin Supply Crunch Could Drive Price to $138K by 2025

Institutional demand and tightening supply are setting the stage for Bitcoin's next major rally. 21Shares, a prominent investment firm, projects BTC could reach $138,500 by late 2025 as macro conditions improve and capital flows accelerate.

The cryptocurrency currently trades at $104,684, posting modest gains of 2.16% over 24 hours and 0.95% weekly. Market structure shows institutions now dominate demand dynamics while available supply dwindles—a textbook setup for price appreciation.

Standard Chartered Reaffirms $500K Bitcoin Price Target by 2028, Citing Institutional Demand

Standard Chartered's digital assets head Geoffrey Kendrick has doubled down on the bank's bullish $500,000 Bitcoin price prediction for 2028. Recent SEC 13F filings reveal growing institutional interest despite quarterly fluctuations in direct ETF holdings.

The State of Wisconsin Investment Board's exit from BlackRock's iShares Bitcoin Trust, representing approximately 3,400 BTC, highlights the dynamic nature of institutional positioning. Yet Kendrick interprets the broader trend as confirmation of Bitcoin's long-term value proposition.

Bitcoin's Realized Price Analysis Points to Bullish Sentiment Despite Near-Record Stumble

Bitcoin's flirtation with record highs—$20,000 in 2017, $69,000 in 2021, and $109,000 this year—often dominates headlines but fails to capture nuanced market dynamics. A more revealing metric lies in the realized price, which tracks the average withdrawal value of BTC from exchanges to gauge investor cost basis and sentiment inflection points.

Current data shows the 2025 cohort's average realized price at $93,266, putting these investors roughly 12% in profit with bitcoin trading at $105,000. This divergence between headline prices and underlying profitability metrics suggests sustained bullish conviction despite recent price consolidation.

Germany’s Premature Bitcoin Liquidation Costs $2 Billion in Missed Gains

Germany's government faces a costly misstep after offloading nearly 50,000 Bitcoin in mid-2024—just before prices surged. The BTC, seized from Movie2k operators, was liquidated at an average $57,900 across exchanges for $2.89 billion. Today’s $104,000+ price WOULD have valued the stash at $5.2 billion.

Arkham Intelligence founder Miguel Morel lambasted the rushed sale strategy as shortsighted. The episode highlights the volatility risks governments face when managing seized crypto assets during bull markets.

Bitcoin ETFs See $667M Inflows as Basis Trading Revives Institutional Interest

U.S. spot Bitcoin ETFs recorded their strongest daily inflows in over two weeks, attracting $667.4 million as institutional players revived basis trading strategies. BlackRock's IBIT led with $306 million, nearing $46 billion in cumulative net intake since launch.

The resurgence coincides with Bitcoin's 11-day streak above $100,000, reigniting confidence in crypto-linked investment products. Market-neutral arbitrage—long spot ETFs paired with short CME futures positions—has re-emerged as the primary driver of activity after fading in early Q2.