Capital‑led bitcoin tops $120,000 as big investors make major moves behind the scenes

Bitcoin reached a new all-time high above $120,000 on Monday, marking another major milestone for the world's biggest digital currency, according to Reuters reporting on the historic surge. The cryptocurrency climbed past $120,000 for the first time before hitting a peak of $123,153.22 and then pulling back slightly to trade around $119,745. This impressive rise brought Bitcoin's yearly gains to 30 percent as investors showed strong confidence in the digital asset. The timing of this surge comes as the US.

Seasoned investors are showing caution at these high prices, with famous author Robert Kiyosaki announcing he bought one more Bitcoin at $120,000 but will pause further purchases, Coin Central reported on the investor's strategic decision. Kiyosaki said on his X post that while Bitcoin hitting $123,000 benefits early buyers, it creates more risk for new investors jumping in at current levels.

He described Bitcoin's current movement as entering a Banana Zone, which means prices are moving up very fast in a dangerous way. Coin Central mentioned that despite his optimism about Bitcoin's long-term future, Kiyosaki urged discipline and encouraged new investors to start with tiny amounts rather than making big bets. His decision reflects concerns about unclear economic conditions and the importance of limiting risk during strong bull markets.

The surge happened right before what people are calling Crypto Week, as the New York Post explained in their coverage of the market rally. During this important week, Congress members will review laws designed to create clearer rules for the cryptocurrency industry, including the Genius Act that would set up federal guidelines for stablecoins tied to the US dollar.

What made this rally special was that regular investors mostly stayed on the sidelines while big institutional investors poured money into Bitcoin exchange-traded funds. The New York Post revealed that these professional investors bought $1.18 billion worth of Bitcoin ETFs on Thursday alone, which was the biggest single day of purchases this year. Over the past six to eight weeks, these large investors have put $15 billion into Bitcoin ETFs, showing massive institutional interest in the digital currency.

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Bitcoin is now trading above $121,000 as markets prepare for important US inflation data this week, CoinDesk reported while tracking the cryptocurrency's continued climb. The upcoming inflation numbers are expected to show that living costs went up in June, which could affect how the Federal Reserve decides on interest rates.

Economists think the consumer price index rose 0.25 percent monthly in June, which equals 2.6 percent yearly growth. CoinDesk highlighted that if inflation speeds up, it might delay expected Federal Reserve rate cuts, which could make Bitcoin and other risky investments less attractive. However, the downside might be limited because of strong momentum from companies adopting Bitcoin, ETF money flowing in, and a positive regulatory outlook in America.

Behind the scenes, big cryptocurrency holders called whales are making major moves that show mixed feelings about the market, AI Invest documented in their analysis of recent trading activity. One important Bitcoin wallet moved 1,000 Bitcoin worth over $117 million back to the Binance exchange, making an estimated $68.8 million profit from coins bought four months ago at much lower prices. At the same time, several large wallets opened high-leverage short positions betting against Ethereum, with some using 15 times and 25 times leverage on trades worth millions of dollars. AI Invest also noted that BlackRock's Ethereum ETF recorded its biggest single-day inflow ever with 106,827 Ethereum tokens worth about $320 million, bringing their total holdings to over 2 million tokens valued at around $6 billion.