Arthur Hayes predicted that Bitcoin will reach $250,000 driven by a wave of liquidity injections from governments and central banks worldwide.
Six wallets that slept through Bitcoin's entire boom woke up between Aug. 16 and Aug. 26, moving tens of millions in BTC.
Bitcoin has been projected to reach $150,000 by mid-2027 and climb toward $300,000 in 2029 under Bernstein's base-case forecast. Bernstein analysts led by Gautam Chhugani said in an Aug.
On-chain analytics firm CryptoQuant has recently indicated that Bitcoin and the broader cryptocurrency sector appear to have transitioned into the initial stages of a new bull market.
CryptoQuant sees early signs of a fresh Bitcoin bull cycle as demand, liquidity and valuation indicators improve. Its Bull Score jumped to 80, while eight of ten tracked indicators turned bullish. US Bitcoin ETFs also recorded roughly $1.92 billion in net inflows during the week ending August 21.
BlackRock reduced the minimum for BTC in-kind conversions from $25M to $1M.
New research links wider fee gaps between adjacent Bitcoin blocks to more block races and slower immediate next-block arrivals.
Bitcoin's rally increased holdings attributed to Satoshi Nakamoto by $15 billion, bringing their total value to $85.82 billion. Satoshi Nakamoto is believed to have mined around 1.096 million BTC distributed across approximately 22,000 addresses tracked by Arkham Intelligence. A Satoshi-era wallet holding 40 BTC inactive since May 2012 recorded an estimated gain of 1,535,911%.
Investor shift to Bitcoin and gold ETFs signals a move towards alternative assets, potentially impacting future market dynamics and asset valuations. Bitcoin and gold ETFs attract $7B amid fiscal concerns: Bloomberg.
Security concerns around self-custody are increasingly pushing some Bitcoin holders toward institutional custody.
Bitcoin's near-30% surge from below $65,000 to almost $80,000 was fueled in part by a short squeeze that liquidated roughly $4 billion.
"Historically, bitcoin's bull markets have 'officially' begun when price crosses above its 365-day moving average," CryptoQuant said.