Bitcoin Tops $112,000 as Dormant Whales Resurface; $150,000 Target Seen Viable by Year End
Bitcoin surged to an all-time high above $112,000 this week, buoyed by a wave of reawakened whale wallets and increasing institutional flows. The renewed on-chain activity is reviving bullish sentiment, and some forecasts suggest BTC could hit $150,000 by year-end.
The world’s largest cryptocurrency climbed more than 18% since the start of 2025, pushing its market capitalization to $2.21 trillion. As of mid-July, BTC was trading near $111,100 amid elevated daily volumes of approximately $59.4 billion.
A series of high-value transactions by dormant holders has added fuel to the current rally. On-chain data reveals that a long-inactive wallet moved 17,283 BTC valued at roughly $1.88 billion within a single 24-hour window.
Source: OnchainLens
Last week, two Satoshi-era wallets transferred ...