- Bitcoin’s record $107K monthly close sets the stage for a run toward $130K
- On-chain profits surge as market sentiment heats up without signs of overheating
- Institutions like Metaplanet double down, fueling Bitcoin’s long-term bullish case
Bitcoin’s recent monthly close above $107,000 has reignited bullish sentiment, fueling expectations of a parabolic move toward $130,000.
Despite some short-term price pullbacks, analysts believe Bitcoin is far from its peak, as strong institutional buying and rising network profits reflect a solid foundation of underlying strength.
Q2 Gains Fuel Q3 Optimism
Carl Moon, a popular crypto analyst, highlighted Bitcoin’s 30% gain in the second quarter alone. He believes the real bull phase hasn’t even begun. According to Moon, the current setup hints at a much stronger rally ahead, especially as Q3 historically performs well for crypto assets.
Meanwhile, on-chain metrics are beginning to mirror the early stages of euphoric market behavior. Glassnode data shows that realized profits on the Bitcoin network recently hit $2.46 billion in a single day.
The seven-day moving average reached $1.52 billion, well above the yearly average of $1.14 billion. However, this remains below the profit-taking spikes of $4–5 billion seen in late 2024. This indicates that although sentiment is warming up, it has not yet overheated.
Why is the monthly close significant?
Crypto Patel, another respected analyst, pointed out that Bitcoin just recorded its highest monthly close in history at $107,211. Because this monthly close broke through the strong resistance between $104,710 and $107,190, it becomes significant in that it now acts as the new support, strengthening BTC’s bullish case for a move toward $130,000.
The long-term price structure remains intact with higher highs and higher lows since late 2022. Patel notes that if the price ever dips to $82,300 again, it would present a rare accumulation opportunity. A clean breakout from the current consolidation range could be the catalyst that propels BTC to new all-time highs within the next few months.
Related: Bitcoin and Ethereum Erase Q1 Losses With a 30% and 36% Gain in Q2 2025
Institutions keep on buying BTC
Beyond technicals, institutional demand continues to support Bitcoin’s price resilience. Japanese investment firm Metaplanet recently announced the purchase of 1,005 BTC, increasing its total holdings to 13,350 BTC. Additionally, the company plans to issue $208 million in zero-interest bonds to fund further Bitcoin acquisitions.
Such aggressive corporate actions reinforce confidence in Bitcoin as a long-term treasury asset. This trend suggests that institutional interest is not just surviving the volatility it’s thriving.
Related: Top Crypto Analyst Sees Bitcoin “Consolidating Nicely” Before Breakout
Hence, despite a minor 0.78% drop today, Bitcoin remains up 1.64% this week. The price as of press time stands at $106,808 with a market cap exceeding $2.12 trillion. Momentum may be building for what could be Bitcoin’s most aggressive leg yet.
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