Bitcoin Maintains $120K Level Despite Profit Selling: Traders Rotate to Bitcoin Hyper
A Glassnode report claims that $BTC holders have accumulated between 10 and 1,000 $BTC in the last few weeks. And a significant portion of whales hold $BTC at the $117K-$120K level, so there’s structural support there.
This is the likeliest reason why Bitcoin held strong at $120K (now at $121.6K). Farside Investors data also shows that US spot ETF inflows are nearing $5B this month. Futures OI is also peaking, which leads to leveraged long positions and builds up to a bigger rally.
All of this means one thing – there’s promise in the crypto market this month. And Bitcoin-centric altcoins like Bitcoin Hyper ($HYPER) have the most potential in the current market.
$HYPER is working on a Layer-2 for Bitcoin to solve its biggest problems – low speed (capped at 7 TPS) and lack of support for dApps and smart contracts.
Both issues are crippling for modern DeFi demands, and solving them would literally give Bitcoin wings. That’s why traders are so hyped about Bitcoin Hyper (a whale bought $11.3K in the last day).
Crypto analyst James Check said that $110K is now Bitcoin’s new bottom. This is fundamentally a bullish signal, as traders should expect higher price points going forward (and less downside volatility).
He further said that ‘the bulls are in control’ now, which Capriole Investments founder Charles Edward echoed with his $150K prediction.
A ‘very quick’ breakout may occur after $BTC passed the $120K psychological level. Right now, $BTC is at $121.1K, and the 24h trading volume spiked by 28%.
With a potential Bitcoin rally coming soon, traders are betting everything on one promising altcoin – Bitcoin Hyper ($HYPER).
The project plans to scale Bitcoin to 2025 standards – much higher transaction speed, dApp support, smart contract programmability, and ample token holder rewards.
$HYPER’s presale is one of 2025’s most successful, having raised over $22.9M and whales adding over $1M last week.
➡️ Here’s a comprehensive guide on Bitcoin Hyper.
