Bitcoin Smashes Records—But This ATH Comes With a Twist

BTC just notched an all-time high—yet the champagne corks aren't popping like you'd expect. Here's why this milestone smells more like Wall Street manipulation than crypto revolution.

Behind the numbers: Traders are piling into leveraged ETFs while miners dump reserves. Classic 'buy the rumor, sell the news' behavior—except this time the rumor was manufactured by the same institutions that called crypto a scam three years ago.

The irony? This 'organic' price surge coincides perfectly with BlackRock's new blockchain ETF filings. But sure, markets are totally efficient and never rigged.

Not the Peak the Bulls Expected

Despite the retreat after hitting a new historical peak of almost $112,000 on May 22, Bitcoin’s (BTC) price has been booming in the past several months. Currently, it is worth just over $107,000, representing a 53% increase on a yearly basis.

The bull run coincides with the rising number of BTC holders, which, according to the crypto analytics platform, reached a new all-time high of 55.39 million. The development can be interpreted as an optimistic sign, as it indicates growing adoption and higher demand for the primary cryptocurrency.

As crypto markets attempt to rally at the end of the work week, crypto networks continue to grow over time. Here are the total amount of holders for select top caps:

Ethereum $ETH: 148.38M Holders
Bitcoin $BTC: 55.39M Holders
Dogecoin $DOGE: 7.97M Holders
Tether… pic.twitter.com/wKBXHV0BrF

— Santiment (@santimentfeed) June 6, 2025

Bitcoin Price Targets

We mentioned BTC’s price rally witnessed in the last months, and now let’s see if there’s more room for growth, at least according to some popular analysts.

The X user Captain Faibik recently claimed that the valuation could surge to a new all-time high of over $113,000 should it break the resistance level of $105,700.

CryptoBullet chipped in, too. They noted BTC’s recent resurgence above $107,000, suggesting that the price “is ready to go higher” and set a target of $119,000.

On the other hand, investors should keep an eye on Bitcoin’s Relative Strength Index, which neared overbought territory at almost 70. This signals that the asset’s valuation has increased too rapidly over a short period, which could be a precursor to a correction.

Conversely, ratios below 30 are considered bullish, indicating that the price may be headed for a rally.