Protection of Bitcoin reserves, driven by recent revelations about U.S. holdings. According to a July 5 update from Crypto Rover, Binance founder Changpeng Zhao (CZ) revealed that the U.S. is believed to hold around 200,000 BTC, prompting other nations to act quickly.

CZ also acknowledged in a closed session that when the U.S. began stockpiling Bitcoin, they forced other nations to do the same. Many countries have started consulting with Binance on how to create national reserves in cryptocurrency.

Zhao is confident that Binance is supporting governments in making important decisions such as wallet infrastructure, custody solutions, and security processes. Most countries are starting with much smaller amounts compared to the U.S., but the need to participate in the space race has become urgent in recent years.

CZ also recommends multi-signature custody activities for those holding smaller reserves. These systems ensure that no one has complete control over the funds, which increases security at initial levels. As reserves increase later, countries can transition to safer self-managed cold storage systems.

In addition to infrastructure, Binance also supports identifying a country's ability to address technical issues related to maintaining a safe place to store private information keys. Zhao emphasizes the importance of starting with organizational-level security to prevent costly mistakes.

The desperation of nations may stem from the reality that further delays will increase Bitcoin prices. Zhao warns that if immediate action is not taken, it could lead to more expensive cryptocurrency purchases in the future.

As governments ramp up buying, Bitcoin's price action is also shifting to bullish. A recent chart shared by Crypto Rover shows a breakout pattern similar to the price surge at the end of 2023, following major FUD events and market consolidation.

A new pattern is created when similar pressures—war and tariff threats—are present on the macroeconomic front. Bitcoin has broken the downward trend line upwards after identifying the horizontal accumulation range and thus may exhibit distant movement.

This breakout is similar to a structure that has escalated into previous strong price surges, as investors flock to the safe haven of decentralized assets during times of instability. Recent price trends suggest the market may be entering another strong bullish phase.

The revelation of the amount of Bitcoin held by the United States has caused a ripple effect in other countries. As nations race to establish their cryptocurrency reserves, institutional demand and price momentum may continue to rise in the Bitcoin market.