BTC/USD: Bitcoin Prices Go Parabolic, Breaking Above $122,000 for New Record High

Reason for mega pump? Nothing out there to point to, but that heavy buying might be the result of a huge handoff between the OG wallets and the institutional behemoths.

💰 The Mega Pump Is Here

• Bitcoin prices BTCUSD went full rocket mode early Monday, shooting up more than $3,000 in a single hour to break above $122,000 — smashing its previous all-time high ($119,000 on Sunday) with a move that felt as sudden as it did unstoppable.
• What’s behind the massive surge? In all fairness, it’s hard to pin down. No major news catalyst dropped overnight. But analysts point to a likely handoff from OG whale wallets to deep-pocketed institutional buyers who keep stepping in to absorb supply.
• The powerful charge brings Bitcoin’s year-to-date gain to a solid 30%, putting it ahead of gold’s 28% rally and absolutely outshining the S&P 500’s modest 7% climb. And that’s how Bitcoin once again cemented its status as the risk asset of choice for thrill seekers and dip buyers.

🌊 Not a Care About Tariffs

• In a move that would usually send markets spiraling, President Trump’s fresh 30% tariff threat on European goods hit the wires over the weekend. Stocks and forex markets flinched with futures down and the dollar up — but crypto? Not a dent.
• The tariff narrative has fueled risk jitters globally, but Bitcoin’s run shows that when legacy markets sweat, some traders double down on decentralized plays instead of hiding out in dollars or bonds.
• And it’s not just retail hype: inflows into the record-smashing Bitcoin ETFs, corporate treasuries, and family offices are all playing their part in this supply crunch, soaking up sats as early whales cash out.

💼 Whales Out, Suits In

• Recent blockchain data shows that about 500,000 BTC, now worth over $60 billion, has quietly moved out of long-dormant OG wallets in the past year. Much of that supply is landing in institutional hands — and these big players typically buy dips, not rallies, keeping prices supported on every pullback and chomping down on every sell wall.
• Bitcoin’s total market cap now hovers above $2.3 trillion, further solidifying its towering presence over the $3.8 trillion crypto market. The runner up? That’s your boy Ethereum ETHUSD looking to hold steady above $3,000 per coin at a $365 billion market cap.
• The question on everyone’s mind: How high can it go now? If the supply squeeze continues and macro tensions keep driving capital away from fiat, Bitcoin’s next psychological level of $125,000 is well within reach — with some bulls whispering $150,000 as the next big milestone.