🚀 Bitcoin Primed for $123K Surge: $218M Satsuma Fuel & SMA Retest Signal Mega Breakout

Bitcoin's grinding consolidation may finally crack—and the bulls are loading up for liftoff.

The setup: A $218M capital infusion from Satsuma Capital (because what's a crypto cycle without another 'groundbreaking' fund?) coincides with BTC retesting a critical SMA level. Textbook breakout fuel.

Why $123K matters: The SMA rebound mirrors historic pre-surge patterns—like 2023's run-up before the halving frenzy. This time? Institutional FOMO meets a supply shock narrative that even Wall Street can't ignore.

Watch the wicks: Any rejection here could trigger liquidations, but the smart money's betting on absorption. After all, when has crypto ever resisted a good 'to the moon' story?

Either way, grab popcorn—this next candle decides whether we're getting a generational buy signal or another 'macro environment' excuse from the perma-bears.

Satsuma’s Bold Bitcoin Bet

London-based Satsuma Technology has made headlines with a $217.6 million convertible credit note, the first of its kind in the UK to be fully subscribed in Bitcoin.

This funding round, backed by Pantera Capital, Kraken, Blockchain.com, and UK asset managers overseeing more than £300 billion, outperformed its target by 63%.

JUST IN: Satsuma Technology raises $217.6M to expand Bitcoin treasury strategy. pic.twitter.com/t0bFAv80Qy

Despite the positive momentum, Satsuma’s stock slipped 14%, a move analysts attribute to profit-taking and short-term volatility. CEO Henry Elder confirmed the capital will support their plan to fuse decentralized AI infrastructure via Bittensor with a Bitcoin-native treasury strategy.

Currently holding 1,126 BTC at an average entry of $115,149, Satsuma’s position is nearly break-even, reflecting firm conviction in Bitcoin’s long-term trajectory amid broader market turbulence. The raise aligns with a growing macro trend: $7.8 billion in crypto asset acquisitions were disclosed last week, with $2.7 billion flowing into bitcoin alone.

Bitcoin (BTC/USD) Technical Setup Points to Breakout

Bitcoin is showing notable technical strength. Price action around $114,980 is consolidating just above two key supports:

• The 50-day Simple Moving Average (SMA) at $112,860
• Long-term ascending trendline stretching back to April.

This confluence zone, where resistance has flipped into support, is often a bullish continuation signal.

RSI is about to cross above 50, which could be the start of the bullish momentum. The chart shows a broad ascending triangle with higher lows and accumulation below $123,206. A break above this level could unleash the buyers towards $131,337 and $138,680.

If the trendline holds, it’s a stair-step rally. But if it breaks below $111,995 it could shift the sentiment and open the door for a drop to $105,225 or $99,500. Volume confirmation and a bullish engulfing candle above $115,000 WOULD be the perfect entry for swing traders.

• Entry: Break above $115,000
• Targets: $123,200
• Stop-Loss: Below $113,800

If this triangle breakout confirms, bulls could regain control, especially if paired with renewed institutional inflows and ETF stability.

Institutions Double Down on BTC

In the U.S., the Michigan State Retirement System just tripled its Bitcoin ETF exposure, adding 200,000 shares of the ARK 21Shares BTC ETF to its portfolio, now valued at $11.4 million. This comes despite over $1.4 billion in outflows across U.S. ETFs last week, signaling long-term conviction.

Michigan also holds $13.6 million in Grayscale’s ethereum Trust, unchanged since 2024. Though crypto remains a small slice of its $19.3 billion portfolio, analysts say the Sharpe ratio for Bitcoin is increasingly attractive for pension strategies seeking asymmetric returns with manageable risk.

Michigan State Pension Triples Bitcoin ETF Exposure, Latest Filing Shows
► https://t.co/kllKdIYnpZ https://t.co/kllKdIYnpZ

Across the Pacific, Japan’s SBI Holdings is awaiting approval for the country’s first Bitcoin-XRP ETF. If greenlit, it would be listed on the Tokyo Stock Exchange — unlocking institutional access in a tightly regulated market. A second ETF, blending Gold and crypto, is also in the pipeline.

These developments could dramatically boost Asian inflows, especially if Japan’s Financial Services Agency reclassifies crypto under the FIEA statute — a shift that could redefine institutional access across the region.

With BTC holding support NEAR $115K and institutional narratives strengthening across the U.S., U.K., and Japan, the foundation is set for a bullish continuation. If the ascending triangle plays out, Bitcoin could break through $123K resistance and revisit $131K or $138K in the near term and possibly set the stage for a Q4 run toward $250K or higher.

Bitcoin Hyper Presale Over $7.3M as Price Rise Nears

Bitcoin Hyper ($HYPER), the first BTC-native Layer 2 powered by the Solana VIRTUAL Machine (SVM), has raised over $7.3 million in its public presale, with $7,310,393 out of a $7,502,850 target. The token is priced at $0.01255, with the next price tier expected to be announced soon.

Designed to merge Bitcoin’s security with Solana’s speed, Bitcoin Hyper enables fast, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project is audited by Consult and engineered for scalability, trust, and simplicity.

The golden cross of meme appeal and real utility has made Bitcoin Hyper a LAYER 2 contender to watch in 2025.