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Bitcoin continues to demonstrate robust strength, maintaining its position above the critical $116,652 level as institutional investors significantly increase their holdings, signaling strong market confidence.
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Recent data reveals that twelve companies collectively acquired nearly 5,900 BTC valued at $705 million last week, underscoring a growing institutional appetite at elevated price points.
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According to COINOTAG, Bitcoin whales have resumed activity with notable ETF inflows totaling $297 million, while Bhutan’s government quietly transferred 650 BTC to Binance, highlighting diverse market dynamics.
Bitcoin holds firm above $116,652 amid $705M institutional BTC purchases and rising ETF inflows, targeting a breakout at $165,745 with sustained bullish momentum.
Bitcoin Sustains Breakout Momentum Above $116,652 Support Level
Bitcoin’s price action has decisively shifted, with the $116,652 mark now serving as a strong support after previously acting as resistance. This breakout has paved the way for an upward trajectory targeting the $165,745 level, representing a potential 37% gain from current prices. Market analyst Javon Marks highlights that Bitcoin’s structure is forming a higher low pattern, confirming the fresh leg up and validating the breakout. The price remains firmly above this critical zone, with bulls actively defending every dip to maintain momentum.
Technical Indicators Confirm Stability and Upward Potential
On lower timeframes, Bitcoin exhibits consistent vertical movement, with each candle respecting trendline support, indicating sustained buying pressure. Volume metrics support this trend, showing no signs of exhaustion, which is crucial for maintaining the breakout’s integrity. The consolidation phase between $97,752 and $116,652 served as a robust base, enabling this current rally. Psychological resistance at $130,000 may prompt short-term volatility, but the overall trend remains bullish, with the next major resistance at $165,745.
Institutional Accumulation Signals Confidence in Bitcoin’s Upside
Institutional investors have played a pivotal role in reinforcing Bitcoin’s uptrend. Over the past week, twelve publicly traded companies acquired a combined total of 5,871 BTC, valued at approximately $705 million. Strategy led the charge, purchasing 4,225 BTC at an average price of $111,827, increasing its total holdings to over 601,000 BTC. Metaplanet followed with 797 BTC at $117,451, while other firms such as The Smarter Web Company, Remixpoint, DigitalX, and KULR Technology also expanded their Bitcoin portfolios.
ETF Inflows and Whale Movements Highlight Market Dynamics
ETF inflows further validate institutional optimism, with $297.4 million entering Bitcoin ETFs on July 14 alone, complemented by $259 million into Ethereum ETFs. This influx reflects growing investor demand for regulated crypto exposure. Additionally, a dormant wallet moved 20,000 BTC, worth $2.4 billion, after 14 years, signaling renewed whale activity. Bhutan’s government transferring 650 BTC to Binance adds an intriguing layer to market liquidity and sovereign involvement. Bank of America’s designation of Bitcoin as the best-performing currency of 2025 underscores its rising macroeconomic significance.
Bitcoin’s Market Capitalization and Asset Ranking
Bitcoin’s current market capitalization stands at approximately $1.814 trillion, positioning it as the world’s fifth-largest asset, surpassing major corporations like Amazon and Google. This milestone reflects Bitcoin’s growing acceptance as a dominant macro asset class, supported by both structural price developments and strong institutional demand.
Conclusion
Bitcoin’s sustained strength above $116,652, combined with significant institutional accumulation and robust ETF inflows, reinforces its bullish outlook. The market structure supports a potential breakout toward $165,745, with strong technical and fundamental factors underpinning this trajectory. Investors should monitor key support levels and institutional activity as indicators of ongoing momentum, while recognizing Bitcoin’s evolving role as a leading macro asset in the global financial landscape.
