Bitcoin Shatters $100,000 Barrier as CryptoQuant CEO Abandons Bearish Stance

In a dramatic shift of market sentiment, CryptoQuant Founder and CEO Ki Young Ju has abandoned his previously bearish outlook on Bitcoin following its unexpected surge past the $100,000 mark. This milestone, achieved on July 10, 2025, has defied widespread expectations of a prolonged downturn, signaling a potential paradigm shift in cryptocurrency dynamics. Young Ju's revised analysis suggests that traditional cycle indicators may no longer apply, as he notes the market is evolving beyond the influence of old Bitcoin whales, retail investors, and miners. This development marks a significant moment in Bitcoin's history, potentially ushering in a new era of price discovery and market behavior.

CryptoQuant CEO Abandons Bearish Stance as Bitcoin Surges Past $100,000

CryptoQuant Founder and CEO Ki Young Ju has reversed his bearish outlook following Bitcoin's unexpected breach of the $100,000 threshold. The rally has defied widespread expectations of a prolonged downturn, sparking a rapid shift in market sentiment.

Young Ju's revised analysis suggests traditional cycle indicators no longer apply. "The market is no longer driven by old Bitcoin whales, retail investors, and miners," he noted in a recent statement. This departure from historical patterns challenges conventional methods for identifying market tops.

Bitcoin Whale Holdings Surge as Institutional Demand Intensifies

Bitcoin whales have aggressively accumulated 41,300 BTC over the past month, signaling heightened institutional interest despite macroeconomic uncertainty. Wallet addresses holding 1,000 to 10,000 BTC drove the surge as prices breached $100,000.

On-chain analytics reveal a clear accumulation trend among large holders, with CryptoQuant data underscoring the bullish momentum. The movement mirrors growing institutional adoption of crypto as a strategic asset class.

Prosecutors Deny Brady Rule Violation in Samourai Wallet Case

Federal prosecutors have rejected claims of violating the Brady Rule in the ongoing Samourai Wallet case. The defense alleges prosecutors withheld exculpatory FinCEN communications suggesting the noncustodial wallet wasn't operating as a money transmitter.

New filings reveal FinCEN officials reportedly told prosecutors in August 2023 that Samourai's architecture didn't meet money-transmitting business criteria. This disclosure emerged through a Brady motion - a legal mechanism requiring prosecutors to share potentially exonerating evidence with the defense.

The case continues to draw attention to regulatory gray areas surrounding cryptocurrency wallet providers. Prosecutors maintain their evidence handling complied with legal standards, while the defense seeks a hearing to examine the delayed disclosure timeline.

BlackRock Warns of Quantum Computing Threat to Bitcoin Security

BlackRock has updated its bitcoin ETF risk disclosure to highlight potential vulnerabilities posed by quantum computing. The May 9 filing reflects mounting institutional concern about cryptographic security in an era of advancing technology.

Quantum computing could theoretically break Bitcoin's encryption protocols, the asset manager cautioned. Such a breakthrough might enable bad actors to compromise wallets holding the trust's assets. While quantum capabilities remain limited today, their future trajectory introduces uncertainty.

The warning comes as traditional finance increasingly engages with digital assets. BlackRock's proactive disclosure suggests institutional players are scrutinizing long-term technological risks alongside market volatility.

Bitcoin Exhibits Bullish Consolidation Above $100K as Market Momentum Builds

Bitcoin has solidified its position above the $100,000 threshold, recently peaking near $104,300. This marks a decisive shift from months of erratic trading, with bulls now dominating the market. The breakthrough has injected Optimism across the crypto ecosystem, as BTC retests supply zones last observed near its all-time high.

Altcoins are mirroring Bitcoin's upward trajectory, drawing liquidity back into risk assets. Analysts are monitoring whether $100K will transition from resistance to reliable support. Big Cheds, a prominent market observer, points to a bullish consolidation pattern on the 4-hour chart—a classic harbinger of continuation.

Saylor Attributes Bitcoin's Stagnation Below $150K to Short-Term Holder Exodus

Michael Saylor, founder of Strategy, suggests Bitcoin's recent price stall below $150,000 stems from weak-handed investors cashing out during the rally. Speaking on the Coin Stories podcast, Saylor highlighted a market rotation where non-committed holders liquidate positions while long-term institutional investors accumulate.

"Bitcoin held by governments, lawyers, and bankruptcy trustees lacks a decade-long vision," Saylor noted. These entities view price surges as exit opportunities rather than strategic holdings. Meanwhile, spot Bitcoin ETFs facilitate institutional adoption, shifting supply toward investors with extended time horizons.