Bitcoin Enters Late Bull Market Stage with Price Target of $141K

Recent data from CryptoQuant indicates that Bitcoin is in the late stage of its current bull market cycle. Analyst Axel Adler Jr. found that new investor dominance is currently at 30%, well below the 65% level seen during previous cycle peaks in March and December 2024.

Key points include:

Fresh capital is consistently entering the market, while long-term holders are not aggressively selling, maintaining supply balance.
Spot Bitcoin ETFs experienced inflows on 23 out of the last 30 days, indicating strong interest from institutional and retail investors.
Technical analyst Ali Martinez suggests that if Bitcoin holds above $105,450, it may target prices of $125,230 to $141,770.
Whales have accumulated 218,570 BTC since late March, representing about 0.9% of circulating supply.
Institutional net buying reached 97% of all transactions, a level last seen in August 2020, which preceded a significant Bitcoin price surge.
Capriole Investments reported that treasury purchases totaled nearly 30,000 BTC over July 29-30.

Macroeconomic factors, particularly Federal Reserve policies, remain a concern for traders but do not appear to deter whale accumulation. If historical patterns repeat, Bitcoin could potentially reach prices above $500,000.