Key players driving market growth

Despite a slight drop in the price of Bitcoin (BTC) over the past 24 hours, several significant market announcements indicated the continuity of its upward momentum. For instance, Michael Saylor hinted on Saturday at a new strategy organizing his company, Strategy, for Bitcoin accumulation, noting that it is one of the largest holders of the currency, using the phrase “stay humble, stack sats,” referencing Bitcoin's blockchain creator, Satoshi Nakamoto.

Additionally, 58 companies purchased and accumulated 7,700 Bitcoin (BTC) within just one week. Between July 14 and July 19, 4 new vaults were launched containing 817 BTC, while 21 other companies added a total of 6,873 BTC to their vaults.

Currently, about 98% of Bitcoin (BTC) wallet addresses are in strong profit, indicating the continued positive market sentiment. Over the past week, the total volume of BTC transactions reached $236.5 billion.

In another context, analysts suggest that interest in Ethereum (ETH) and other layer one network coins is likely to continue capturing institutional attention.

The post shows a slight decline in the price of Bitcoin (BTC) from its all-time high of 123,000$ , with a bullish flag pattern indicating a target level of 137,000$ in the foreseeable future.