Investors holding 100–1,000 BTC have raised their 60-day net purchases to 73,300 BTC, the highest level since April 21. Whales holding more than 10,000 BTC have also joined the accumulation trend.

Former Credit Suisse executive CK Chung said Bitcoin has likely passed the low of its current cycle and could reach $150,000 by the end of 2027. He cited institutional participation, regulatory clarity and concerns over the dollar as potential drivers of the next bull market.

The SEC and CFTC are accelerating their own crypto rulemaking as congressional action on the CLARITY Act remains uncertain. The SEC has also submitted proposed digital-asset custody rule revisions to OIRA for review.

Coinbase CEO Brian Armstrong accused the traditional financial establishment of opposing the Clarity Act to avoid competition and preserve its control of the financial services ecosystem. He called for the bill’s immediate passage to protect consumers.

The rapid increase in Binance founder CZ’s X followers is drawing attention as a possible early signal of a Bitcoin upcycle. His following has grown by roughly 1 million in two months while Bitcoin remains about 37% below last October’s peak.

Glassnode says Bitcoin is holding most of its gains after rebounding from $64,000 and that the market has entered a cautious transition phase. Institutional demand remains solid, but spot and derivatives activity and retail participation have slowed.

Strategy repurchased $152 million of STRC and increased its dollar cash reserves by $29 million, bringing net leverage to 0.0%. The company also added 4,603 BTC, raising its total holdings to 845,050 BTC.

On-chain analyst Willy Woo estimates that about 5% of the global population holds Bitcoin, above the 4% share of S&P 500 owners. He said a rise to 50% could signal a “separation of money and state.”