Bitcoin (BTC) has once again surpassed the $118,000 barrier, with 67% of its circulating supply held by retail investors and a decentralized ownership distribution. Its price action is targeting $131,000, according to the Elliott Wave pattern.

Bitcoin (BTC) has proven its strength by surpassing the $118,000 barrier after its initial rally faltered due to strong selling pressure, with increased whale activity (large investors) and heated debate among market participants about the impact of large holders and long-dormant wallets on its price action.

Contrary to widespread assumptions about whales (large investors) dominating its holdings, analysis from River, a Bitcoin-focused financial institution, shows that over 67% of its circulating supply is still held by individuals, not institutions.

This comes as bulls (bullish speculators) take the lead with positive momentum building, with Bitcoin's price launch pointing to a target of $140,000 as the next significant milestone.Soon ๐Ÿ”œ ๐Ÿ”œ ๐Ÿ”œ#BTCvsETH $BTC #BinancelaunchpoolHuma