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Bitcoin has surged past the critical $113,000 mark, confirming a bull pennant breakout that signals strong upward momentum toward a $137,000 target.
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Market data reveals that 98% of Bitcoin holders are currently in profit, underscoring robust long-term holding trends and reinforcing confidence in the cryptocurrency’s stability.
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According to COINOTAG, weekly large transactions reached $229 billion, reflecting sustained high market activity despite a dip in daily trading volumes.
Bitcoin’s breakout above $113K confirms bullish momentum with 98% of holders in profit and a $137K target in sight, supported by strong market activity and holder metrics.
Bitcoin’s Bull Pennant Breakout Signals Renewed Uptrend Momentum
Bitcoin’s recent price action has demonstrated a decisive breakout from a well-formed bull pennant pattern, a technical indicator that often precedes strong upward moves. The breakout above the $113,000 resistance level, confirmed in July 2025, has propelled Bitcoin into a sustained rally phase. Current trading levels near $118,000 reflect an 11% gain over the past month, highlighting significant investor confidence. This breakout is supported by a classic flagpole measurement, which projects a near-term price target of $137,000, with some analysts identifying an extended target approaching $138,000. The maintenance of higher highs and higher lows post-breakout further validates the strength of this bullish setup.
Market Capitalization and Trading Volume Trends
Bitcoin’s market capitalization currently stands at approximately $2.37 trillion, with a fully diluted valuation close to $2.47 trillion, indicating strong market capitalization relative to circulating supply. Despite a 28.73% decrease in 24-hour trading volume to $46.37 billion, overall market activity remains robust. This volume contraction may reflect a short-term consolidation phase rather than a reversal, as large transactions have surged to $229 billion over the past week. These figures suggest that institutional and high-net-worth investors continue to engage actively, providing liquidity and supporting price stability amid fluctuating retail participation.
Holder Metrics Reinforce Bitcoin’s Bullish Outlook
Data from IntoTheBlock highlights that an overwhelming 98% of Bitcoin addresses are currently in profit, with no addresses registering losses and only 2% at breakeven. This distribution indicates a market dominated by profitable holders, which typically correlates with reduced selling pressure and enhanced price resilience. Furthermore, the concentration of Bitcoin held by large holders remains steady at 12%, suggesting that significant investors maintain their positions, further stabilizing the market.
Long-Term Holding Trends and Transaction Demographics
Holder Time Share metrics reveal that 76% of Bitcoin holders have maintained their positions for over a year, while an additional 20% have held between one and twelve months. This strong retention rate among holders reflects a market characterized by “strong hands,” which historically supports sustained price appreciation. Transaction data also shows a balanced geographical split, with 52% of large transactions originating from Western markets and 48% from Eastern regions, underscoring Bitcoin’s global appeal and diversified investor base.
Implications of Large Transaction Volumes on Market Stability
The recent $229 billion in large transactions over seven days, coupled with a net outflow of $1.48 billion, indicates active portfolio rebalancing among institutional investors rather than panic selling. This level of activity suggests that while some profit-taking may be occurring, the overall sentiment remains bullish. The high volume of large transactions also enhances market liquidity, which is critical for sustaining upward price momentum and minimizing volatility.
Conclusion
Bitcoin’s confirmed breakout above $113,000 and the formation of a bull pennant pattern signal a strong continuation of its bullish trend, with a clear target near $137,000. The combination of high profitability among holders, significant long-term retention, and sustained large transaction volumes collectively supports a stable and optimistic market environment. Investors should monitor these key metrics closely, as they provide valuable insights into Bitcoin’s price trajectory and market health in the coming months.
