- Bitcoin funding rate near historical lows suggests further upside potential ahead.
- Dormant 2010-era BTC reactivates without major sell-off, easing market concerns.
- Macro trends and M2 growth point to a breakout toward $150K-$250K in late 2025.
Bitcoin continues to show strong bullish momentum, fueled by historical on-chain movements and favorable macroeconomic indicators. After rebounding from a local bottom in April 2025, BTC surged to a high of $112,000. As of press time priced at $109,012, Bitcoin is once again capturing investor attention.
The market is watching closely as the 30-day percentile funding rate nears critical levels. With volatility dropping and long-dormant coins waking up, analysts are increasingly optimistic about Bitcoin’s near-term trajectory.
Key Technical Patterns Signal Sustained Upside
According to analyst AxelAdlerJr, Bitcoin’s funding rate chart presents a recurring bullish pattern. Every time the percentile funding rate drops near 50%, the market finds a local bottom. These historical touchpoints in September 2023, May 2024, September 2024, and most recently April 2025, were each followed by sustained upward moves.
Currently, the percentile rate stands at 54%, just above the historical buy zone. This suggests the market still has room to grow.
Should the percentile climb to 80%, it could indicate excessive bullish sentiment and signal a potential correction. However, until then, the broader trend remains firmly upward. Market participants are closely watching this metric to time their next moves.
Dormant Bitcoin Movements Draw Market Curiosity
The Crypto GEMs highlights a series of Bitcoin transfers that have piqued curiosity across the community. Around 50,000 BTC mined in 2010 recently moved, with 10,000 coins becoming active after years of dormancy. These coins were earned when the block reward was still 50 BTC.
Historically, the first movement from this large wallet cluster occurred in early 2017. That year, smaller distributions continued gradually.
While some of these legacy coins remain untouched, others have shifted into new wallets, adding a mysterious layer to current market conditions. Analysts believe the wallet network may be tied to over 80,000 BTC in total.
Good Morning #TheCryptoGems ☕️
— The Crypto GEMs (@CryptoGemsCom) July 6, 2025
Another 10K from 2011 woke up. The total amount that moved was 50K #Bitcoin
All of these are connected to each other and these are Bitcoins obtained by mining in 2010; these are not purchased Bitcoins. The block reward at that time was 50… pic.twitter.com/1MjYrK3ng5
Significantly, no large-scale selling has occurred so far, reducing the immediate risk of downward pressure. However, ongoing monitoring of these wallets is essential as further activity could influence short-term price movements.
Macroeconomic Winds Favor Aggressive Growth
Michaël van de Poppe notes that Bitcoin’s declining volatility often precedes explosive price moves. With M2 money supply spiking and rate cuts likely, liquidity conditions are rapidly improving. Bitcoin tends to follow M2 with a 12-week lag, aligning well with a projected breakout window.
If BTC crosses the $120,000 level, a sharp rally toward $150,000 in Q3 appears increasingly likely. Continued macro support could push Bitcoin toward $250,000 in Q4. As inflation-adjusted capital looks for store-of-value assets, Bitcoin remains an attractive option. The path forward is volatile, yet highly promising.
