$23 Billion Floods Into Bitcoin as Bulls Drive Price Toward $120K—New ATH Incoming?
Wall Street's latest 'safe haven' play? A $23 billion injection into Bitcoin as institutional FOMO reaches fever pitch.
The Rebound: From Skepticism to Stampede
After months of sideways action, Bitcoin's price surge past $100K triggered a buying frenzy that'd make even goldbugs sweat. Suddenly, every macro trader remembers crypto exists—just in time for the halving cycle's next act.
Bankers Hate This One Trick
While traditional markets grapple with inverted yield curves, Bitcoin's 2025 rally proves digital scarcity still trumps spreadsheet economics. (Take that, Jamie Dimon.)
The Cynic's Corner: 'This time it's different'—said every bubble-chaser since tulip mania. But with $23B in fresh powder? The market's voting with its wallet.
Bitcoin Price Heatmap (Source: Glassnode)
The accumulation came shortly after bitcoin retraced to around $115,000, following a new all-time high of $123,000 on July 14. The drop was driven mainly by over $3.5 billion in realized profits, primarily from long-term holders capitalizing on gains.
Despite the sell-off, Bitcoin’s price has quickly rebounded to around $118,000 at the time of writing.
The recovery can be attributed to growing institutional demand and Optimism that supportive US legislation will pass the House later today. Both of these appear to have restored investor optimism and fueled the ongoing market uptrend.
