Bitcoin reached a significant resistance level at $120,000 in mid-July 2025, supported by strong institutional demand and market activity.
Bitcoin's Rise and Institutional Demand
Bitcoin's surge to a major price point highlights increasing institutional engagement. Currently, liquidity remains high, which may attract regulatory attention.
Cantor Fitzgerald's Negotiations for Bitcoin Purchase
Cantor Fitzgerald is negotiating a $3.5 billion purchase of 30,000 BTC from Blockstream. This signals other institutional investors to close bearish positions, indicating a shift towards bullish strategies.
Current Market Activity and Predictions
Bitcoin's futures trading volume surged by 150%, with open interest increasing by 6.9%. Short liquidations topped $468 million, indicating significant market confidence. "Traders on X note that large wallets have stopped shorting aggressively. Chatter suggests institutions are closing bearish bets and repositioning for upside" - BTC Futures Trader, via Coinglass data.
Institutional demand and current market activity provide promising signals for Bitcoin. Despite positive outlooks, historical volatility urges traders to remain cautious.
