Bitcoin (BTC) has once again demonstrated its resilience, holding steady above $101,500 despite heightened volatility driven by fresh tariff announcements from the Trump administration. As of today’s Asian market open, bullish sentiment remains dominant, with analysts increasingly targeting a $120,000 price level by year-end, fueled by consistent institutional and corporate accumulation.
Market Steady Despite Geopolitical Turbulence
While recent tariff escalations have created some short-term choppiness, Bitcoin has shown notable strength compared to other digital assets. According to Semir Gabeljic, Director of Capital Formation at Pythagoras Investments, “Bitcoin remains relatively strong, with lower volatility compared to other digital assets,” despite broader macroeconomic headwinds.
Prediction Markets Signal Confidence in BTC Rally
Data from Polymarket, a leading prediction platform, reveals that traders are pricing in a 69% probability of Bitcoin reaching at least $120,000 by the end of 2025. This high probability underscores the prevailing confidence among market participants in the crypto’s long-term bullish trajectory.
Paris-based market maker FlowDesk echoed the sentiment in a market update shared via Telegram:
“The market is clearly coiling, waiting to break out of a narrow band just below all-time highs.”
They further highlighted a repositioning from Bitcoin to altcoins, but maintained that Bitcoin’s core strength remains intact, suggesting that the king crypto may still lead the next breakout.
Funding Rates and On-Chain Trends Support Bullish Outlook
While BTC funding rates on major exchanges like Binance have declined, suggesting reduced leveraged positions, on-chain borrowing has shown signs of resurgence. This renewed activity could act as a leading indicator for an imminent breakout, as traders prepare for a potential surge in price.
Corporate Accumulation Hits Record Levels
One of the most compelling narratives underpinning the bullish case for Bitcoin is the unrelenting accumulation by corporate treasuries. Publicly listed companies now hold an estimated 809,100 BTC, valued at around $85 billion—nearly double the holdings from a year ago.
This uptick is largely attributed to regulatory tailwinds and new accounting standards, which now enable corporations to more easily recognize unrealized gains on their Bitcoin holdings. These developments are making Bitcoin increasingly attractive as a strategic reserve asset for balance sheets.
Gabeljic reinforced this perspective:
“The expectation of a continued strong Bitcoin remains,”
emphasizing that institutional demand is playing a key role in supporting both price stability and long-term growth prospects.
What Lies Ahead
Although short-term headwinds persist, including macroeconomic unpredictability and trader caution, the structural support from corporate accumulation and institutional conviction is setting the stage for a strong second half of the year.
Bitcoin’s current price consolidation above $101.5K, combined with strategic shifts by big players, could well be the foundation for the next leg up towards $120 K.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
