Bitcoin Hits $109,700 Despite $8.5 Billion Sell-Off

Cryptocurrency analysis company QCP Capital published an important analysis of Bitcoin's performance and the general mood in the market last weekend in its latest evaluation report. Bitcoin held its price over the long holiday weekend before reaching a new all-time weekly close, reaching as high as $109,700 during low-volume trading on Sunday. This rise came despite the transfer of around $8.5 billion worth of BTC by eight old Bitcoin wallets that went into action on Saturday. It was reported that $4.3 billion worth of BTC was sold in the middle of the week, and the price was around $108,000 at the time. QCP Capital said that these large-scale “bearish” transactions were largely ignored by the market, while “bullish” scenarios found strong buyers.

TON's “Golden Visa” rumors, which were denied by the authorities, and Elon Musk's criticism of fiat money, along with his announcement of a new political formation, also contributed to the rise in the market. QCP Capital also noted that large investors such as Metaplanet and Strategy continued to make strategic purchases throughout the weekend. However, due to new sell orders from these large wallets, the price could get stuck in the current range and implied volatility could drop to record lows. However, it is stated that a new increase in volatility may occur if the $ 110,000 resistance level is clearly broken. It is observed that institutional investors are showing interest in September term $ 130,000 call options and continue to maintain $ 115,000/140,000 call spread positions. According to QCP Capital, this situation points to a structurally optimistic picture for the third quarter of 2025.

Bitcoin (BTC) has been experiencing a period of relative calm, with market indicators suggesting a structurally optimistic outlook for the third quarter of 2025. Analysts have noted a significant drop in spot and futures volumes, which signals a potential summer lull. This period of low volatility and thinning liquidity is characteristic of a defensive shift in derivatives, as observed by trading firm QCP Capital. The current geopolitical uncertainty has contributed to Bitcoin's range-bound trading, with the cryptocurrency's price movements being cautious and measured.

The options market for Bitcoin has also seen a notable shift in sentiment. Increased institutional activity and evolving macroeconomic factors have driven a change in the options sentiment, indicating a possible market shift. This shift suggests that while the current market may be experiencing a summer slowdown, there is potential for significant movements in the near future. Cryptocurrency analyst Joao Wedson reported that the correlation of certain altcoins with Bitcoin has reached high levels, further emphasizing the interconnected nature of the cryptocurrency market. This high correlation suggests that movements in Bitcoin's price could have a ripple effect on other cryptocurrencies, potentially amplifying market shifts.

Genius Group, a company known for its educational initiatives, has increased its Bitcoin Treasury target by 10x from 1,000 BTC to 1,000 BTC, aiming to achieve this within 12-24 months. This move underscores the growing institutional interest in Bitcoin as a store of value and a hedge against economic uncertainty. Despite the current summer lull, there are signs of bullish sentiment in the market. The price of Bitcoin has returned above the upper trendline of the bull flag on the 4-hour time frame, indicating a potential for upward movement. However, the price has not yet spiked, suggesting a cautious approach from market participants.

Looking ahead, several experts have speculated that Bitcoin's price could reach $200,000 in 2025 amid institutional demand. This prediction is based on the growing interest from institutional investors and the evolving macroeconomic landscape. While this forecast is optimistic, it is important to note that it is based on analysts' predictions and should not be taken as a guarantee of future performance. In summary, the latest situation for Bitcoin (BTC) points to a structurally optimistic picture for the third quarter of 2025, with a potential for significant market movements driven by increased institutional activity and evolving macroeconomic factors. The current summer lull is characterized by low volatility and thinning liquidity, but there are signs of bullish sentiment in the market. The options data is pointing to a possible market shift, with the potential for upward price movements in the near future.