Bitcoin's recent momentum appears far from exhausted, according to a well-followed crypto strategist who believes institutional demand is driving a persistent uptrend that could limit any meaningful pullback.
The analyst, known as Pentoshi on social media, points out that corporate interest and massive ETF inflows are consistently draining market supply.
In his view, unless Bitcoin starts closing well below its previous all-time highs, there’s little reason to expect a deep correction. Even a drop into the mid-$90,000s would represent an extreme scenario, not a likely one.
Pentoshi emphasized that the current environment—defined by limited supply and relentless accumulation—is skewed toward continued upside.
He added that ETFs are absorbing Bitcoin at such a rapid pace that sellers have little room to push prices down for long. With firms like MicroStrategy also continuing to add to their holdings, available liquidity is being pulled off the market faster than it can be replenished.
He also noted that Bitcoin’s performance against gold is poised to accelerate, with BTC expected to leave the traditional safe haven behind in the coming months.
With record-breaking ETF growth and a growing number of institutions seeking exposure, Bitcoin is strengthening its case as the preferred asset in the digital era.
Bitcoin may be entering a typical summer correction phase, according to a July 25 report by crypto financial services firm Matrixport.
Bitcoin has dropped sharply to test its local range low near $115,000, with analysts pointing to renewed whale activity and long-dormant supply movements as key contributors to the decline.
Bitcoin has reached a critical milestone in its programmed supply timeline—only 5.25% of the total BTC that will ever exist remains to be mined.
Strategy the company formerly known as MicroStrategy, has announced the pricing of a new $2.47 billion capital raise through its initial public offering of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).