Bitcoin trades at $109,700 after rallying 3.8% in the past 24 hours, fueled by institutional buying pressure and a bullish technical setup.
As Bitcoin rallies, smart money investors are scrambling to buy Bitcoin Hyper, a new Bitcoin layer 2 blockchain on the Solana Virtual Machine. Its presale raise is nearing $1 million, buoyed by a bold $54,230 investment from an unknown crypto whale on Tuesday.
Analyst Predicts Breakout as Bitcoin Nears ATH
Bitcoin has shown strength after tapping lows of $100,000 earlier this week, and it’s now approaching price discovery.
With its all-time high (ATH) at $111,970.17, it needs to gain only a little over $2,000 to reach a new record price.
Given its strength after bouncing from $100,000, analysts believe this could happen imminently. Income Sharks notes that Bitcoin has reclaimed a key structural level today, indicating a potential breakout is incoming.
$BTC – The breakout. pic.twitter.com/Zrqv3H9d9Y
— IncomeSharks (@IncomeSharks) June 9, 2025
As to how far it might go, Crypto General targets $125, suggesting that “$125K is an easy target for the coming season.”
$BTC, need to cross this recent resistance and sustain above for the next rally towards the ATH level.
Overall $125k is an easy target for the coming season. pic.twitter.com/3lEdq80fCI
— Crypto General 🧲 (@DaCryptoGeneral) June 9, 2025
Strategy, MetaPlanet Deepen Crypto Stockpiles
From a macroeconomic standpoint, there’s a deep correlation between the Bitcoin price and M2 money supply (the measure of the amount of money circulating globally).
Ultimately, the rising M2 money supply means there is more liquidity for risk-on markets, and analysts have noticed that this appears to directly benefit the Bitcoin price.
$BTC vs M2 correlation is extremly strong right now. 🤯 pic.twitter.com/rqizVoheeU
— Crypto Seth (@seth_fin) June 9, 2025
As the money supply increases, so are institutional liquidity flows to Bitcoin. Two of the biggest names in the Bitcoin accumulation race, Strategy and MetaPlanet, have made headlines this week for new Bitcoin buys.
MicroStrategy bought 1,045 Bitcoin between June 2 and June 8 for roughly $110 million. This takes the firm’s total holdings to 582,000 $BTC.
Meanwhile, MetaPlanet is hot on its tail with a new plan to raise $5.4 billion via stock offerings by 2027, which will be used to acquire more Bitcoin. The firm aims to expand its holdings to 210,000 $BTC.
It currently holds 8,888 bitcoins, having bought 1,088 more last week for $117.5 million.
As heavyweight financial players bid for Bitcoin, smart traders are eyeing Bitcoin alternatives that could outpace the market leader in the months ahead.
Whale Invests $54,230 in Bitcoin Hyper Presale as Raise Nears $1M
The crypto whale’s purchase follows a slew of big buys, which have taken the Bitcoin Hyper presale raise to $992K, less than one week after launch.
Data from Etherescan shows that the whale invested $54,230 in the presale on June 9, just as the Bitcoin price broke the $109,000 mark.
Bitcoin Hyper is building a Bitcoin layer 2 blockchain using the Solana Virtual Machine. Layer 2s are a proven method to increase the scalability of a blockchain.
But Bitcoin Hyper doesn’t just make Bitcoin faster and cheaper; it unlocks smart contract functionality, and most importantly of all, it interconnects the Bitcoin network with Solana and Ethereum.
Imagine a single blockchain where you can access Solana and Ethereum assets and apps, all directly connected to the Bitcoin network. All Bitcoin Hyper transactions are reported back to the Bitcoin layer 1 for finality, meaning that once transactions are settled, they’re as irreversible as if they were carried out on Bitcoin.
Despite launching less than one week ago, the project has already been picked up by leading industry figures like the 99Bitcoins YouTube channel.
And with whales dropping $50K investments less than one week after launch, it’s clear that Bitcoin Hyper could be something big.
However, the price will rise throughout the presale, so prospective buyers should act fast to secure the most value for money.
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