Bitcoin smashes $120k! Hold or fold?

Top 5 free Bitcoin Metrics you must track

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Satoshi Nakamoto’s crypto cache just rocketed him to the 11th richest spot globally as his estimated 1.096 million BTC, worth over $131 billion, now eclipses Michael Dell’s fortune of $125 billion. Bitcoin’s breakout past $120K not only cemented Nakamoto’s status but also sparked a sizzling “what if?” could he hit #1 if the price jumps ~208% to $370K?. Analysts forecast a 50% annual climb, potentially vaulting him into billionaire royalty by 2026, without him lifting a finger. Fascinatingly, Nakamoto has never cashed out his icy stillness is a masterclass in wealth discipline.

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CRYPTO WORLD

🚨Bitcoin breaks $120k but the real test is still ahead

Bitcoin at 💲1,20,000 (ianproc64/Pixabay)

Bitcoin just surged past $120,000, marking a historic high but all eyes are now on what’s next, especially as U.S. inflation data looms this week.

What’s behind this rally?

📈 Institutional inflows via ETFs continue to push demand.
🏦 Central banks are signaling slower rate hikes, driving investor appetite for scarce digital assets.
🇺🇸 Macro uncertainty (elections, trade tensions) has turned Bitcoin into a geopolitical hedge.

But here’s the kicker: CPI data could reset the mood. A surprise spike in inflation may trigger short-term sell-offs as investors rush to reprice risk.

Investor Playbook:

▪️ Long-term conviction is being rewarded, but volatility hasn’t left the chat.

▪️ Smart investors are diversifying not just into BTC, but also into infrastructure plays (custody, Layer 2s, on-chain analytics).

▪️ A looming question: Can Bitcoin decouple from macro shocks?

The new ATH is a headline, not a full stop. The real challenge for Bitcoin now? Proving it can hold ground as the world’s most decentralized, inflation-resistant store of value.

MARKET MOVERS

ETH/USDT Chart by TradingView

📈Surge: Ethereum has eyes on the $4,000 mark after its latest bounce, but Solana’s Relative Strength Index is whispering “accumulate” offering traders a sleeping giant play with room for a breakout. Meanwhile, XRP’s momentum is undeniable: soaring past long-term moving averages on robust volume, this massive breakout signals growing conviction behind its surge .

🎯Rocket: Cardano just skyrocketed 29%, touching $0.777 before hitting resistance at its 200‑day SMA, now eyes are locked on $0.90–$1.20 as bulls pile in. With this breakout flirting with key technical levels, the question is: will ADA break free or retreat into consolidation?

CRYPTO FRONTIER

💰Titanic: Japan’s Metaplanet just dropped another 797 BTC (≈$96 million), swelling its holdings to 16,352 BTC (worth nearly $2 billion). CEO Simon Gerovich says this golden mountain isn’t just stash, it’s collateral fuel for future acquisitions in digital finance.

🚫Shield: Bank of England Governor Andrew Bailey issued a stern, if not cinematic, warning, major banks issuing private stablecoins could threaten the core of financial stability. He’s pitching for tokenised deposits instead, framing them as the state-of-the-art alternative.

🏛️Pioneer: The Czech National Bank has quietly entered the crypto arena, purchasing 51,732 Coinbase shares (≈$18 million) in Q2, its first crypto-linked equity investment. As Coinbase rides the S&P wave, CNB’s move hints at growing institutional faith in digital assets beyond just tokens.

🔒Visionary: London’s Smarter Web Company just added 275 BTC (£21.9 million), pushing its treasury to 1,275 BTC, over £100 million in total under its audacious “10 Year Plan”. With a jaw‑dropping 31,263 % YTD yield, they’re turning Bitcoin from curiosity into financial cornerstone.

CRYPTO SPECIAL

📊5 free Bitcoin Metrics every investor should bookmark

In a market flooded with noise, data clarity wins. Bitcoin Magazine highlights 5 free metrics every crypto investor should watch and they’re goldmines for both beginners and pros.

Cheat sheet for the same:

▪️ MVRV ratio: Compares market value to realized value. A high MVRV? Time to tread carefully. Low MVRV? Potential opportunity.

▪️ Long-term holder supply: When this climbs, it signals conviction. Smart money is HODLing.

▪️ Exchange reserves: Falling reserves? Bullish. It means fewer coins are available to sell.

▪️ Funding rates: Shows sentiment in futures markets. Overheating funding rates = caution zone.

▪️ On-chain volume: Real activity > price action. Watch whether money is actually moving.

Why this matters?

Too many traders chase headlines. These metrics give you context, a look under the hood of Bitcoin’s true strength. And the best part? They’re free. No Bloomberg Terminal required.

In the world of crypto, data is your edge. Not noise. Not hype.

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Until tomorrow!

Hanoomaan Crypto Markets team

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