Bitcoin Blasts Past $112K as Dormant Whales Stir—$150K Target Now Firmly in Sight

1. Bitcoin Blasts Past $112K as Dormant Whales Stir—$150K Target Now Firmly in Sight Bitcoin Breaks $112K as Dormant Whales Reawaken Bitcoin (BTC) has smashed through the $112,000 barrier for the first time ever, buoyed by revived whale activity and accelerating institutional inflows. The digital asset’s parabolic rise—up over 18% since the start of 2025—has reignited bullish sentiment across the crypto market, with some analysts now eyeing $150,000 as a viable target by year-end. Market Momentum: Price Action and Capitalization Surge Bitcoin’s latest rally has pushed its total market capitalization beyond $2.21 trillion, reaffirming its dominance in the digital asset space. As of mid-July, BTC was trading just above $111,100 on elevated daily volume exceeding $59 billion, signaling broad market participation.

2. The price jump follows a string of high-value transactions by previously inactive wallets. One such dormant address—long silent—transferred 17,283 BTC (valued at $1.88 billion) within a single day, according to data from OnchainLens. Source: OnchainLens Whales Return: Satoshi-Era Wallets and Sovereign Players Join the Fray Long-dormant Bitcoin wallets—some dating back to the Satoshi era—are suddenly springing to life. Last week, two such wallets moved a combined 20,000 BTC for the first time in 14 years. While the motives remain unclear, the transactions have sparked speculation about long-term holders adjusting their positions ahead of further market upside. In another notable development, the Royal Government of Bhutan sent over 350 BTC (approximately $38.5 million) to Binance over a 10-day span, according to Arkham Intelligence. The move underscores the growing role of sovereign players in crypto capital flows, potentially for liquidity management or macro diversification

3. Source: Arkham explorer Technical Setup: Indicators Point to Further Gains Despite its meteoric rise, Bitcoin may not be overbought just yet. Key technical indicators continue to suggest room for further upside: ● Relative Strength Index (RSI): Currently sits at 63.62—bullish but still shy of overbought territory. ● MACD: Shows a bullish crossover at 172.51, commonly interpreted as a buy signal. ● Moving Averages: The 10-day SMA remains above the 100-day SMA, confirming short-term upward momentum. However, caution remains warranted. The stochastic oscillator has reached 86.46, a level typically associated with short-term consolidation or pullbacks. Analysts are watching resistance levels at $117,498 and $127,279. A decisive break above these zones, ideally with strong volume, would solidify the path to $150,000. Macro Tailwinds and Institutional Confidence Institutional sentiment continues to strengthen amid expectations of Federal Reserve rate cuts and growing distrust in fiat currencies. Bitcoin exchange-traded funds (ETFs)

4. are seeing consistent inflows, while inflation-hedging portfolios are increasingly incorporating BTC as a strategic asset. Analysts at Cryptona.co argue that $150,000 is no longer a stretch if BTC can breach the $117K resistance with conviction. Sovereign interest—such as Bhutan’s recent activity—adds another layer of legitimacy to Bitcoin’s evolving macro narrative. The Bottom Line: Is $150K the New Base Case? Bitcoin’s historic surge above $112,000 reflects a shift in the behavior of long-term holders and institutional investors alike. While short-term corrections are inevitable, both technical and fundamental conditions suggest BTC’s bull cycle is far from over. With whales reawakening, governments joining the ledger, and macro forces aligning, the $150,000 mark may be the market’s new consensus target. Visit-CoinGabbar