Bitcoin Holds Strong Above $112K: 5 Signals Say the Bull Run Isn't Ove

Introduction

After a brief dip triggered by geopolitical tensions in the Middle East, Bitcoin has once again proven its resilience. As of this week, BTC is holding firmly above the $112,000 mark, with several market indicators suggesting that we haven’t yet reached the peak of this bull cycle.

So—what’s driving this momentum? What should traders, investors, and miners be watching this week? Let’s break down the five key things shaping Bitcoin's outlook right now—and why $112K may be just the beginning.

1. Weekly Close Above $112K Signals Strength

Bitcoin ended last week with a solid close above $112,000—an encouraging sign for bulls. Since then, it has hovered near $114,000, with brief surges testing resistance around $115,500.

According to data from CoinGlass, the $104,000–$108,000 zone was previously a “liquidity magnet,” meaning large numbers of leveraged short positions were clustered there. After a textbook liquidity sweep and rebound, BTC is now setting up for its next leg upward.

Key takeaway: The recent weekly close confirms the market is favoring upward continuation. Dip-buyers are showing conviction, and any retracements are being quickly absorbed.

2. Short Squeeze Incoming? Futures Market Hints at Volatility

One of the more interesting developments comes from the Bitcoin perpetual futures market. Funding rates across major exchanges have flipped negative—meaning traders are paying to hold short positions. This is highly unusual in a rallying market and hints at a potential short squeeze scenario.

Historically, when the majority of speculators bet against BTC in the middle of a bull trend, it creates the ideal conditions for a sudden upward cascade as overleveraged bears are forced to close positions.

Watch this space: If BTC can climb toward $117,000–$120,000 and stay there, we may see a rapid move toward $130K in a matter of days.

3. Whales and Retail HODLers Are Holding Tight

On-chain data shows that both whales and retail investors are in accumulation or HODL mode. Wallets holding 10 BTC or more have increased steadily since late May, while smaller wallets are also growing.

This behavior suggests a clear lack of distribution at current price levels. With no significant profit-taking from large holders and retail sentiment still optimistic, BTC is showing a classic "supply squeeze" dynamic.

Translation: As demand rises but supply remains locked away, prices are likely to continue climbing.

4. Macro Wildcards: Fed Decision and Oil Prices Loom

While crypto-native indicators remain bullish, macroeconomic risks are still present.

This week, the Federal Reserve will hold its latest FOMC meeting. Most analysts expect interest rates to remain unchanged, but markets are watching for forward guidance on potential rate cuts later in the year.

Meanwhile, oil prices are climbing again, with Brent crude back above $85/barrel. Persistent inflation—especially in energy—could complicate the Fed's timeline and impact risk-on assets like Bitcoin.

Pro tip: If the Fed stays dovish and inflation fears calm down, it could unlock even more upside for crypto markets.

5. The Bull Market Is Far from Over

Perhaps the most compelling insight this week is that none of the typical "market top" signals have triggered yet.

Analytics platform CoinGlass tracks over 30 different bull market indicators—ranging from on-chain signals (like MVRV ratios and SOPR) to sentiment and macro overlays. At the time of writing, none of them suggest a cycle top is near. In fact, several suggest significant upside potential still lies ahead.

Notable analysts are now floating price targets between $170,000–$230,000 for this cycle, with Q4 2025 often cited as a likely top window. The narrative? We’re still in the mid-stage of the bull run.

Final Thoughts: Stay Sharp, but Stay Bullish

Bitcoin’s fundamentals, technicals, and sentiment are aligned in a way that we haven’t seen since late 2020 or early 2021. While macro conditions remain a wildcard, the overall setup remains bullish:

Liquidity zones have been cleared.
Shorts are vulnerable to a squeeze.
HODLers are confident.
Macro is cautiously optimistic.
Cycle indicators say “not yet.”

For miners, traders, and long-term holders, the message is clear: This is not the peak.

Whether you're scaling into positions, locking in gains gradually, or just watching from the sidelines, stay informed, stay calm, and prepare for volatility—with a strong upward bias.