On June 30, 2025, Bitcoin achieved a historic weekly close above $109,000, marking an important milestone in the cryptocurrency's history.
Historic Weekly Close of Bitcoin
Bitcoin recorded a historic weekly close at $109,000, the highest value in its history. This event underscores the ongoing strength of the market, prompting increased accumulation by long-term holders.
Impact on the Market and Long-Term Holders
The market demonstrates high reliability and confidence, previously unseen. Analyst Rekt Capital noted that this close could initiate a new upward trend. He stated, "Bitcoin has never performed such a Weekly Close... that would not only be historic, but it would enable Bitcoin to enjoy a new uptrend into new All Time Highs."
Prospects for Further Growth
On-chain data indicates a record accumulation by long-term holders, contributing to supply constraints. This trend strengthens the case for Bitcoin's further price momentum and its influence on related assets. Historical data suggests that this record close may lead to additional gains, possibly impacting correlated markets positively.
Achieving a record weekly close of Bitcoin above $109,000 indicates positive market trends and potential new highs. Considering the current blockchain situation and the behavior of long-term holders, the market may be on the verge of new achievements.
