{"id":36603,"date":"2025-07-13T07:31:43","date_gmt":"2025-07-13T07:31:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36603"},"modified":"2025-07-13T07:31:43","modified_gmt":"2025-07-13T07:31:43","slug":"6-reasons-behind-bitcoins-surge-to-uncharted-territory-can-they-push-btc-even-higher","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36603","title":{"rendered":"6 Reasons Behind Bitcoin\u2019s Surge to Uncharted Territory: Can They Push BTC Even Higher?"},"content":{"rendered":"
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Bitcoin\u2019s price revival at the end of the business week caught many short traders off guard as the asset skyrocketed to a new all-time high of almost $119,000 following an extended period of muted movements.<\/p>\n

Although there was not one single big announcement that could have been related to the explosive rally, there are several reasons that were building up for weeks, which could be attributed to the new peak.<\/p>\n

Overall Accumulation<\/h2>\n

The following reasons will be combined into one category of \u201coverall accumulation,\u201d even though they may vary by investor type, different moments of purchases, etc. We will start with the ETFs as they\u2019re the freshest. As reported <\/a>yesterday, the spot Bitcoin ETFs in the US attracted more than $2.7 billion within the past five trading days alone.<\/p>\n

In addition, they have seen only one day in net outflows since June 9. Both of these factors can drive the underlying asset\u2019s price north, especially when investors spend more than $2 billion to accumulate ETF shares in two consecutive days (July 10 and 11).<\/p>\n

Next, we will list the accumulation by large companies. Strategy, which admittedly failed to announce<\/a> a purchase last week, has spent billions in the past few months to acquire more BTC. Its example has been followed to a smaller extent by other companies that now hold bitcoin as a reserve asset, such as Metaplanet<\/a>, GameStop<\/a>, and Semler Scientific<\/a>.<\/p>\n

Although these purchases might not impact the asset\u2019s price immediately, their continuous efforts certainly play a role as they reduce the immediate selling pressure.<\/p>\n

The accumulation trend expands well beyond institutions and large companies. Glassnode reported recently that smaller investors, categorized as shrimps, crabs, and fish (wallets holding less than 100 BTC), have been acquiring more than 19,000 BTC per month. In comparison, miner issuance stands at just 13,400 BTC per month.<\/p>\n

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Looking at accumulation by wallet size: Shrimps, Crabs, and Fish \u2013 wallets with <100 $BTC<\/a> \u2013 are accumulating ~19.3k BTC\/month, while miner issuance stands at 13.4k BTC\/month.
\nPersistent net absorption across a wide base of holders is creating measurable supply-side tightening. pic.twitter.com\/ajut5hlpqv<\/a><\/p>\n

\u2014 glassnode (@glassnode) July 12, 2025<\/a><\/p>\n<\/blockquote>\n