Crypto Agenda – May 27, 2025
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Bitcoin Struggles Around $110K Despite New All-Time High: Are New Whales Capping the Rally?
Although Bitcoin (BTC) recently reached a new all-time high, it continues to fluctuate around $110,000, lacking the momentum for a sustained breakout. On-chain data shows that this stagnation is largely due to profit-taking by new whale investors who entered the market during the rally.
🐋 New Whales Are Taking Profits – Is It Hindering the Rally?
According to CryptoQuant, since April 20, Bitcoin’s price has surged over 30%, from $84,000 to a record peak of $111,970 on May 22. However, analysts say this rally lost steam as newly created whale wallets began to lock in profits. These wallets, with an average purchase price of $91,922, have reportedly sold large amounts of BTC during the upswing.
J.A. Maartunn from CryptoQuant told BeInCrypto,
“Tracking whether profits are realized by new or old whales is key during such rallies. Surprisingly, 82.5% of the realized profits since April 20 have come from new whales.”
The data shows $3.21 billion in profits were secured by new whales—compared to just $679 million by old wallets. This shift in ownership concentration appears to be creating resistance just below the $112,000 level.
🧊 Old Whales Remain Inactive – A Sign of Confidence?
While new participants are selling, older whale wallets remain largely inactive. Their reluctance to sell is interpreted as a sign of long-term confidence in Bitcoin and could help limit downside risks in the short term.
This ongoing behavior suggests that new whales are using recent highs to exit positions they entered during the first quarter’s dip, placing continuous selling pressure on the market.
🏦 MicroStrategy Buys Again – Yet Executives Sell Stock
As BTC briefly passed the $110,000 mark, MicroStrategy announced another major Bitcoin purchase. Between May 19 and 23, the company acquired 4,020 BTC for $427.1 million, at an average price of $106,237 per coin. This marked MicroStrategy’s fourth BTC purchase in May, bringing its total holdings to 580,250 BTC valued at approximately $40.6 billion.
However, this acquisition was followed by a series of executive share sales:
- Jarrod Patten sold 2,650 shares worth $1.1 million between May 16–21
- Since April 22, Patten has sold 17,050 shares worth $6.7 million
- CFO Andrew Kang sold 2,185 shares for $719,447 on May 23
After these developments and amid an ongoing class-action lawsuit, MSTR shares dropped 12% last week to $369 from $420.
🚀 Price Predictions: $200K–$1M in the Long Run?
Despite short-term resistance, long-term forecasts remain highly bullish:
- Cathie Wood (ARK Invest): BTC could reach $1.5 million by 2030, requiring a 58% compound annual growth rate.
- Robert Kiyosaki: Predicts $1 million BTC, $30,000 gold, and $3,000 silver by 2035, citing the U.S. debt crisis.
- Markus Thielen (10x Research): Expects BTC to reach $122,000 next, based on historical 16K price interval models.
- André Dragosch (Bitwise): Uses a G20 sovereign bond basket model to estimate BTC’s value already exceeds $200,000.
These models factor in inflation, growing sovereign debt, and increasing institutional adoption.
🧾 Sweden Rethinks Cashless Future – Vitalik Buterin Steps In
Once a pioneer in cashless transformation, Sweden is urging citizens to hold cash due to cybersecurity and civil defense concerns. Ethereum co-founder Vitalik Buterin highlighted the fragility of centralized systems during crises.
“The concept’s centralized implementation is too fragile. Ethereum can serve as a resilient backup financial layer,” Buterin wrote, referencing a March 16 article in The Guardian.
Sweden’s government has even issued a brochure advising citizens to keep one week’s worth of cash at home in case of war or crisis.
💳 Crypto and Fiat – A Coexistence, Not a Replacement
While crypto payments are on the rise, Mercuryo CEO Petr Kozyakov says crypto won’t fully replace fiat. Instead, both systems will coexist, with users opting for crypto only when it’s more practical.
🔮 Future Outlook
- Short-Term: BTC needs new whales to pause their profit-taking and ETF inflows to rise again to push past $112,000 resistance.
- Mid-Term: Institutional demand and macroeconomic fears may drive BTC toward $122,000 to $200,000 levels.
- Long-Term: Inflation and dollar skepticism could lead BTC to reach $1 million or more before 2035.
- Ethereum may see broader adoption during geopolitical instability as a decentralized payment fallback.
🧠 Summary
Bitcoin remains stuck near $110,000 despite major institutional buys. On-chain data shows new whales are taking profits while old whales stay inactive, limiting further upside. MicroStrategy’s aggressive purchases reflect long-term confidence, but recent executive stock sales raise red flags.
Long-term forecasts ranging from $200,000 to $1.5 million reflect growing institutional interest and fiat skepticism. Ethereum, meanwhile, may emerge as a decentralized backup payment system amid rising geopolitical and infrastructure vulnerabilities.
Legal Notice
The investment information, comments and recommendations contained herein are not within the scope of investment advisory services.Investment advisory services are provided within the framework of an investment advisory agreement to be signed between brokerage houses, portfolio management companies, non-deposit accepting banks and the client.The comments and recommendations contained herein are based on the personal opinions of those who make comments and recommendations.These opinions may not be suitable for your financial situation and risk and return preferences.Therefore, making an investment decision based solely on the information contained herein may not produce results in accordance with your expectations.[/vc_column_text][/vc_column][/vc_row]