• Bitcoin surged past $123K, forming a bullish pennant with a $140K target.

  • Strategy and spot ETFs continue massive accumulation, tightening BTC supply.

  • Crypto Week legislation may boost confidence and reduce future volatility.

Bitcoin — BTC, recently exploded past $123,000 before cooling slightly. But the energy? Still electric. Traders watched in disbelief as BTC charged ahead like a bull unleashed. The charts look primed. The crowd smells momentum. And behind the scenes, massive players are quietly stacking more bitcoin than ever before. This isn’t just another rally. It feels like the final, most ferocious leg of the bull run. Every signal screams one thing—$140,000 could arrive much sooner than many expect.

https://twitter.com/Washigorira/status/1947217679879655896 Big Money Moves: Strategy and Spot ETFs Push Bitcoin Higher

Strategy, formerly known as MicroStrategy, isn’t slowing down. Over the past week, the firm bought 4,225 additional bitcoin for a jaw-dropping $472.5 million. This latest buy lifts their total holdings to a staggering 601,550 BTC. Strategy didn’t hesitate. The firm used proceeds from their at-the-market offering programs to execute the purchase. These aren’t cautious moves—they’re bold signals of extreme confidence.

At the same time, spot bitcoin ETFs turned into powerful engines of demand. Investors flooded these products with cash, pouring over $1 billion into them on just Thursday and Friday. That’s no small sum. It reflects institutional appetite and growing mainstream interest. BlackRock’s iShares Bitcoin Trust (IBIT) captured the lion’s share of those inflows, further solidifying its role as a dominant player in this space.

Crypto Week: Regulation Brings New Hope

Another major catalyst comes from the political arena. The U.S. House of Representatives is preparing to vote on three critical crypto-related bills: the CLARITY Act, the Anti-CBDC Surveillance Act, and the GENIUS Act. These bills aren’t fluff—they aim to reshape the way crypto is treated in the United States. The CLARITY Act seeks to define digital assets and give clearer regulatory guidance. The GENIUS Act introduces rules for stablecoins.

Bitwise CIO Matt Hougan believes this legislative shift could mark a turning point. He argued that disasters like FTX, Luna, and Celsius happened because regulators left the door open to manipulation. If these bills pass, the crypto market may finally step into a more secure and mature era. That alone could encourage institutional investors who’ve been sitting on the sidelines. Less fear equals more trust. And more trust means more money flowing into bitcoin. Everything about this rally feels different.

Bitcoin’s recent breakout formed a classic bull pennant pattern—a setup that often ends in parabolic moves. The current structure suggests that the next big leap could send prices to $140,000. With institutional buying ramping up, retail enthusiasm returning, and potential regulation providing clarity, the rocket is ready. Momentum builds with each new candle, and support levels continue to rise.