Bitcoin surged above $122,000 in the present day, leaving it solely about 1% away from setting a brand new all-time excessive, in line with knowledge from Bitcoin Magazine Pro. The present document of $123,180, set on July 14, 2025, may very well be damaged at any second given Bitcoin’s trademark volatility. With institutional adoption persevering with to rise and demand for BTC accelerating, a brand new document could arrive sooner relatively than later.
Including to this momentum, whale accumulation has hit unprecedented ranges. As of yesterday, the variety of addresses holding over 100 BTC reached a brand new all-time excessive of 18,996, surpassing the earlier peak of 18,544 from February 26, 2017. Bitcoin Journal Professional’s chart reveals a gentle improve in these giant holdings, pushed partially by company treasuries aggressively including BTC to their steadiness sheets. Michael Saylor’s agency Technique has greater than doubled its Bitcoin holdings since Donald Trump’s election victory, boosting its whole treasury by 60%. This shopping for spree comes amid a friendlier regulatory local weather underneath the Trump administration, which has rolled again sure Biden-era enforcement actions and launched pro-crypto insurance policies.
Macroeconomic circumstances are additionally including gas to the bullish hearth. US Treasury Secretary Scott Bessent said rates of interest are “too constrictive” and may seemingly be 150-175 foundation factors decrease. Talking on Bloomberg Surveillance, he acknowledged, “I believe we might go right into a sequence of fee cuts right here, beginning with a 50 basis-point fee lower in September… we should always most likely be 150, 175 foundation factors decrease.”
President Trump took it a step additional in the present day, calling for the Federal Reserve to chop charges by 3 or 4 factors, which might carry them to round 1%. “I imagine we must be three or 4 factors decrease. In order that’s over a trillion {dollars} we pay—yearly—in curiosity. And it’s really only a paper calculation. You signal a doc and also you save virtually a trillion {dollars}… However regardless of that, we’re powering via it and have the best economic system we’ve ever had,” mentioned Trump.
In the meantime, Cathie Wooden, CEO of ARK Make investments, reaffirmed her ultra-bullish long-term outlook. Chatting with CoinDesk, she said, “I believe that we are able to safely say that our bull case is effectively over 1,000,000, effectively over 1,000,000 {dollars} in 5 years,” citing Bitcoin’s position because the “gateway into digital property for establishments” and a “substitute for gold as a retailer of worth.”
With institutional inflows, whale accumulation, and potential financial easing converging, Bitcoin may very well be on the verge of a historic breakout to new all-time highs.