Bitcoin interrupts capitalization records that have been implemented for the fourth consecutive week – does it seem like a new ATH?
The latest chain-chain data shows that Bitcoin (BTC) has broken its historical high (ATH) for the fourth consecutive week. Meanwhile, both Bitcoin whales and spot exchange trade funds (ETFs) are steadily increasing their holdings – suggesting Grow Investor confidence.
Bitcoin achieves capital hit
According to a recent crypto-fast post by contributor Carmelo_aleman, Bitcoin has capitalized more than its previous record, with Bitcoin reaching a record of over $900.6 billion as of May 18, 2025. This milestone marks the fourth week of this critical chain metrology, which is a new high.
For beginners, the implementation of Bitcoin capitalization is the total value of all BTC, calculated based on the price of the last time each coin moved rather than the current market price. This metric more accurately reflects real capital inflows and investor convictions, excluding dormant or lost coins.
Carmelo noted that BTC has consolidated at the daily resistance level of $104,731 in the last 10 days. At this stage, leading cryptocurrencies continue to accumulate capital and may be ready for a major breakthrough.
If BTC can violate this resistance, the next major obstacle is $107,757. Clearing this level could be a fresh all-time high and supported by several bullish chain signals. Carmelo added:
On May 8, when the phase of this range combination began, the total value of all UTXOS was $891,642,358, meaning that in just 10 days, new Bitcoin investment increased by $14,399,578, reflecting 1.61% of capitalization achieved.
According to data from the Bitcoin UTXO value band, the most important accumulation in the past 10 days comes from wallets that hold 100 to 1,000 BTC. The wallets increased their collective holdings from 5.56 million BTC to 5.68 million BTC, an increase of 2.20% during that period.
Among ETFs, BlackRock’s IBIT Spot ETF is the only major fund to increase its BTC exposure. Its holdings rose from 621,600 BTC to 631,902 BTC, an increase of 1.66%. By contrast, most other ETFs either make profits or keep their position stable.
BTC reaches $120,000?
With Bitcoin trading only 5.1% higher than current ATH trading, analysts are speculating on the potential upside targets for the market cycle. A model, Wyckoff accumulation mode, suggestion The price of BTC may be close to $120,000.
Further support for this bullish narrative is the fact that nearly 100,000 BTC withdraw From the last three weeks of exchange, it is usually a sign of long-term accumulation and reduced sales pressure. At press time, BTC was trading at $103,450, down 1.2% in the past 24 hours.
Featured images from Unsplash.com, charts from CryptoQuant and TradingView.com
Editing process For Bitcoin experts, focus on thorough research, accurate and impartial content. We adhere to strict procurement standards and each page is diligently evaluated by our top technical experts and experienced editorial team. This process ensures the integrity, relevance and value of our content to our readers.
