Bitcoin - Bitcoin, Unrivaled in the Market!Bitcoin is above the EMA50 and EMA200 on the four-hour timeframe and is in its ascending channel. Bitcoin’s current upward momentum has the potential to reach the target of $130,000. If it corrects, Bitcoin buying opportunities can be sought from the specified demand zones.
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important. If the downward trend continues, we can buy within the demand area.
In recent days, Bitcoin has managed to set a new historical high by crossing the $118,000 level; a jump that followed the strong accumulation of institutional capital, the upward trend of spot ETFs and the remarkable consolidation of such indices. This growth is not only the result of technical conditions or short-term market excitement, but is a clear reflection of the structural maturity of the Bitcoin ecosystem in the second half of 2025. A careful and comprehensive examination of the fundamental parameters shows that Bitcoin is moving differently than in the past: slower, but with much stronger support. On the other hand, more than $205 million in Bitcoin short selling positions have been liquidated following the jump in the price of Bitcoin and its crossing the $122,000 level.
First, the flow of investment from Bitcoin spot ETFs has broken records over the past week. In one day, more than $1.18 billion entered these funds, and the total annual inflow of these financial instruments has reached more than $51 billion. This is while ETFs such as IBIT (managed by BlackRock) and FBTC (managed by Fidelity) are attracting hundreds of Bitcoins daily, without causing any negative divergence in price indices. This phenomenon clearly shows that the participation of institutional investors through regulated channels is not only stable, but also accelerating. Along with this flow of capital, the parameters of the chain also paint a picture of a market with a balance of supply and demand. The MVRV ratio, an indicator for measuring market profitability, fluctuates between 2.2 and 2.34, meaning that the market is in a reasonably profitable state, but is still some way from the warning zone of profit saturation. Meanwhile, long-term holders (LTHs) are also continuing to accumulate. Long-term wallet holdings have reached a record high of 14.7 million BTC, representing nearly 70% of the total supply. In the last quarter alone, more than 13,000 BTC have been added to this group’s reserves.
On the other hand, the SOPR indicator, which measures realized profit ratio, shows that profit-taking is taking place at a gentle slope in the market, away from heavy selling pressure. This logical trend of profit-taking is a testament to mature investor behavior. Bitcoin flows to exchanges are also at very low levels; Bitcoin held on exchanges now account for just 1.25% of the total supply—the lowest level in over a decade. This significant reduction in potential selling pressure has kept Bitcoin’s price stable in the face of short-term volatility.
Behaviorally, the market is also showing signs of maturation. The number of daily active addresses has remained stable, but unlike during the buying frenzy, we are no longer seeing retail traders rushing into exchanges or mass wallet outflows. In other words, on-chain activity has stabilized, similar to the behavior of traditional mature markets—markets driven by data and structure, not emotion. From a macro perspective, the outlook for Bitcoin in the medium term is also positive. Many analysts and institutions, including Global X ETFs, see Bitcoin’s growth to $200,000 within the next 12 months as achievable. Technical analysis from some sources has also outlined the $140,000 range as the next price target in the next 100 days, provided that the VIX volatility index remains low and macroeconomic data maintains its current trajectory. However, a more conservative scenario sees a price consolidation in the $95,000-$100,000 range if geopolitical pressures increase or ETF inflows weaken.
Overall, Bitcoin is moving ahead in the summer of 2025 not only on the back of crypto market excitement, but also on the back of strong fundamentals and structured institutional capital inflows. Accumulation by long-term holders, a steady decline in supply on exchanges, a reasonable profit-taking balance, and a formal investment structure via ETFs have all combined to bring the market to a stable state and ready for further increases. If this trend holds, levels of $125,000-$140,000 in the short term, and a range of $180,000-$200,000 by the end of the year, are not far off!
On the other hand, BlackRock’s Bitcoin ETF (IBIT) managed to record the fastest growth in history among all ETFs, surpassing $80 billion in assets in just 374 days! For comparison, it should be noted that the S&P500 Index ETF needed about 5 times this time! BlackRock now holds about 706,000 Bitcoins (equivalent to 56% of the total ETF share).
