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PS5 prices increase from tomorrow in the U.S. as Sony "navigates a challenging economic environment"
Esports

PS5 prices increase from tomorrow in the U.S. as Sony “navigates a challenging economic environment”

by admin August 20, 2025


Sony is increasing the price of the PlayStation 5 in the U.S. as of tomorrow, August 21.

In a brief statement posted to the PlayStation Blog during Gamescom, the megacorp said that from tomorrow, the updated recommended retail price for all variations of the PS5 — base, digital edition, and PS5 Pro — will increase to:

  • PlayStation 5 – $549.99
  • PlayStation 5 Digital Edition – $499.99
  • PlayStation 5 Pro – $749.99

Previously, the PS5 retailed for $499.99, the digital edition $449.99, and the PS5 Pro for $699.99.

“Similar to many global businesses, we continue to navigate a challenging economic environment. As a result, we’ve made the difficult decision to increase the recommended retail price for PlayStation 5 consoles in the U.S. starting on August 21.”

Accessory prices remain unchanged, and Sony confirmed it had “no other price changes to announce for additional markets.”

We recently learned that Forza Horizon 5’s PS5 port has surpassed three million copies sold, making it the top new PS5 game of 2025 thus far.



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August 20, 2025 0 comments
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Donald Trump 1
Crypto Trends

TRUMP Meme Coin Set For A Revival? Analyst Forecasts 700% Increase To $78

by admin August 18, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The TRUMP meme coin has been on a downtrend after being launched back in January 17, 2025, kicking off a market-wide breakdown in its wake. The continuous decline has also led to major losses for investors, with over 760,000 investors reported to have lost over $1 billion. Naturally, this has triggered a lack of trust in the meme coin. However, as it trends toward a possible bottom, there is the possibility that the TRUMP meme coin could stage another rally.

TRUMP Meme Coin Nearing The Timeline For Another Surge

In an analysis, crypto analyst Master Ananda pointed out that the TRUMP meme coin could benefit from an established trend among altcoins that have often pointed to a recovery. This trend comes after an altcoin has suffered a wave of decline and finally puts in a bottom. Once this is done, then there is nowhere but up for the meme count to go, which could benefit the TRUMP token.

Counting back the days, the analyst explains that the TRUMPUSDT had hit a bottom back in April. From there, it has been over 131 days since the bottom. For altcoins, there is usually an 8-10 months average between hitting a bottom and producing a strong bullish wave. With its current count, the TRUMP meme coin has already completed 4 months and counting, meaning that it is getting close to a possible reversal.

Expanding on the 8-10 month timeframe, Master Ananda pointed out that the wave is not instant and that there is usually a 2-month buildup toward the recovery. But once it begins, it is possible for the bullish wave to last between 1-3 months before hitting a peak. This brings it to around five months of total price action before it’s completed.

Source: TradingView

Therefore, with the TRUMP meme coin already seeing four months of sideways movement, it suggests that it could be heading into the 2-month buildup. Taking in the average of nine months, then the next five months could see the meme coin rally as the market picks up.

How High Can Price Go?

Looking at the fact that altcoins can rally by more than 300% during times like these, the crypto analyst expects no less for the TRUMP meme coin. The chart shows that after a possible bottom, the bullish wave could begin and push toward its previous peaks.

The top of the bullish zone is placed at $78, and taking the current price into account, it would mean an over 700% increase in the meme coin’s price. “If you are ready to wait 3 months, it doesn’t matter what is happening short-term; what matters is the long-term results,” the analyst stated.

Price holds $9 support | Source: TRUMPUSDT on TradingView.com

Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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August 18, 2025 0 comments
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Sony Hints At PlayStation Plus Price Increase After Highest Tiers Attract More Players
Game Updates

Sony Hints At PlayStation Plus Price Increase After Highest Tiers Attract More Players

by admin June 15, 2025



Sony has shared a new report with investors that touts PlayStation 5’s marketplace gains and the continued expansion of PlayStation Plus’ subscriber base. The latter has been so successful at adding users to the highest subscription tiers that Sony is already considering a price increase for PS Plus “to maximize profitability.”

Following the release of the report online, Sony Interactive Entertainment president and CEO Hideaki Nishino appeared on a fireside chat and spelled out that the only direction for PlayStation Plus pricing is up.

“The PlayStation Plus service offers great value for our players, and we will continue to add more value and adjust our pricing strategy in a dynamic way to maximize profitability,” said Nishino.

Currently, PS Plus’s Premium tier costs $160 per year in the US, while the Extra costs $135 and the Essential costs $80.

Nishino’s statement came after Sony’s presentation indicated that 38% of all PlayStation Plus subscribers opted for the top two tiers, Premium and Extra. Furthermore, the percentage of PS Plus subscribers on the Extra tier increased from 16% to 22% from Sony’s 2022 fiscal year to its 2024 fiscal year. In that same period, PlayStation Plus Premium subscribers rose from 13% to 17% of all PS Plus users.

Nishino noted that Sony would “add more value” to PS Plus subscriptions to justify increasing the price. It’s unclear exactly what that might entail, especially since Sony has steered away from following Game Pass’ path of dropping AAA games on the service on day one.

As recently as last April, Sony raised PS Plus prices in several countries, while sparing the US from any immediate increase. Players in North America may not be so lucky next time.



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June 15, 2025 0 comments
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TCL C6K (left) and TCL C7K (right) showing butterfly on screen
Gaming Gear

I compared a new cheap mini-LED TV to a mid-range model, and here’s why upgrading is more than worth a small price increase

by admin June 8, 2025



Some TV manufacturers are now offering more models within their full TV lineup, with smaller gaps between them when it comes to features and price, and this can make things confusing for potential TV buyers. Naturally, if an entry-level TV has a similar feature list to a step-up model, it’s the better deal, right? Well, that’s not always the case.

I recently tested two 2025 UK mini-LED TVs from TCL, makers of some of the best TVs. The models are the entry-level C6K and the mid-range C7K, which earned 4 out of 5 stars in my TCL C7K review. When I first saw the 2025 C-series mini-LEDs, the C7K looked to be the sweet spot in terms of value, delivering the best picture quality and features for the price.

As I had both these TVs available, I decided to compare them side-by-side just to see whether the extra cost of the C7K was worth it.


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For a price reference, the 55-inch C6K costs £599, and the 55-inch C7K costs £849. I compared the 55-inch C6K with the 65-inch C7K for my testing, however. If you’re in the US, the closest direct models are the TCL QM6K vs the TCL QM7K.

Brightness and color

The C7K (right) exhibited significantly bolder and more vibrant colors than the C6K (left), as shown here on the Wizard & I scene from Wicked (Image credit: Future)

Both of these TVs use mini-LED backlights, meaning you’re getting higher brightness than with a standard LED TV. But, crucially, there are often brightness differences between entry-level and mid-range mini-LED models.

When I measured the peak brightness of both TVs (on a 10% white HDR window in Filmmaker Mode), the C6K hit 705 nits, while the C7K hit 1,790 nits – a significant difference. But how did this translate into real-world viewing?

The first area of note was color, where the best mini-LED TVs often excel. Watching a 4K Blu-ray of Wicked, with both TVs set to Dolby Vision Dark (which I found to be a more accurate picture preset than Dolby Vision IQ), the benefit of the C7K’s extra brightness hit was apparent.

In the Wizard & I scene, the green of Elphaba’s skin, pink flowers, blue wall inlays and even the beige walls looked much punchier and more vibrant on the C7K. The C6K didn’t look bad, but it also didn’t have the same level of definition I expect to see in a movie like Wicked, with the C7K adding more color depth.

Even in the climax of the scene where Elphaba runs across a wheat field, the yellow of the field and the sun were more impactful on the C7K. This showed that peak brightness, which is typically higher in more premium mini-LED TVs compared to entry-level models, is a crucial factor for delivering more vivid colors.

Contrast and black levels

Both the TCL C6K (left) and TCL C7K (right) displayed surprisingly deep black levels, but the C7K’s higher brightness allowed for better contrast (Image credit: Future)

TVs with a backlight, such as mini-LED models, use local dimming to enhance the contrast between light and dark areas on screen. The more local dimming zones a TV has, the more precisely it can dim and brighten sections of the screen based on what’s being shown.

The 55-inch C6K has 180 local dimming zones compared to the 65-inch C7K’s 1,008 local dimming zones. Screen size does have an impact on the number of local dimming zones in a TV, but the C7K’s 55-inch model still has 720 zones, so there can be a significant difference even in same-sized models.

Watching a 4K Blu-ray of Nosferatu, again in Dolby Vision Dark, scenes with extreme contrast, such as a blackened room lit only by a torch, fireplace, or the Moon, looked richer and more accurate on the C7K. Light areas were brighter and the black tones were deeper, creating a much more dynamic and textured image.

With Nosferatu (2024), both TVs did a good job with black levels, although the C6K (left) was subject to black crush in places (Image credit: Future)

The same was true in The Batman, with the flashbulbs of cameras and wall-lamps better contrasting with the dark surroundings on the C7K. Even smaller details, such as light reflected off Batman’s cape, showed stronger contrast, with a greater difference between the light and dark tones.

The C7K’s higher number of local dimming zones also allowed it to show better shadow detail. In Nosferatu, as Hutler walks towards the carriage to Count Orlock’s at night, the C7K showed more of his face in the darkness, whereas the C6K crushed that level of detail.

Black and white – and shades of gray

Although the C7K (right) has the better contrast and overall picture quality, the C6K’s screen uniformity was better with black and white pictures such as this one from Oppenheimer. (Image credit: Future)

Things got even more interesting when viewing black and white movies. Watching the black and white scenes from Oppenheimer, the C7K still showed greater contrast between deep blacks and white highlights, and had a wider range of gray tones in between.

However, I noted that the C6K had better screen uniformity (the ability to evenly display the same color across larger areas of the screen) compared to the C7K. This was an issue I’d noted as an issue in my C7K review, and it made me prefer the C6K when watching black and white content.

Conclusion

The C6K (left) is a good TV for its price, but the jump in picture quality provided by the C7K (right) justifies paying more (Image credit: Future)

To sum up, comparing these two TVs side-by-side proved that it does pay to pay more. Yes, the C6K may have had the upper hand with black and white images, but the C7K outmatched it in color, contrast, black levels and also detail, with the C6K taking on a softer look in a side-by-side test.

That’s not to say the C6K is a bad TV. For its price, it did a solid job with every movie I threw at it, and it was a perfectly fine TV for casual viewing. But this is one example where, given the small £250 gap in price of the respective 55-inch models, it’s worth investing in the more premium option.

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June 8, 2025 0 comments
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opening a ranked hero chest in fortnite
Esports

How to increase your Hero Rank in Fortnite

by admin June 8, 2025


Screenshot by Dot Esports

Rank up to grab the best loot.

|

Published: Jun 8, 2025 11:22 am

This new season of Fortnite has every player ranked depending on their hero status. The higher your Hero Rank, the better loot and buffs you get. Find out below how to increase your Hero Rank in Fortnite Chapter Six, season three.

How to increase Hero Rank in Fortnite Chapter 6 season 3

Your Hero Rank resets every match in Fortnite, and you have to try to increase it every time you play. Starting at Rank C, every player can increase their rank to S+ and gain plenty of benefits along the way. There are a few ways to increase your Hero Rank from eliminating players to interacting with Sprite Shrines and Scout Spires. The easiest way to get to S+ rank is to survive Storm phases, deliver Sprites to Shrines, destroy Spires, and eliminate guards.

Rank up by completing heroic tasks. Screenshot by Dot Esports

  • Survive Storm phases
  • Knock players
  • Eliminate players
  • Eliminate guards
  • Eliminate a Boss
  • Deliver a Sprite to a Shrine
  • Destroy a Scout Spire

All Hero Rank bonus rewards

Hero RankBonusCLoot contains:
Uncommon rarity weapons
Uncommon rarity consumable items
Small chance of a BoonBHeal 100 HP automatically
Increase Boon power

Hero Cache contains:
Rare rarity weapons
Rare rarity consumable items
Good chance of a Boon
Hero item such as revolvers

AHeal 100 HP automatically
Increase Boon power

Hero Cache contains:
Epic rarity weapons
Epic rarity consumable items
Great chance of a Boon
Hero item such as gloves

SHeal 100 HP automatically
Increase Boon power

Hero Cache contains:
Legendary rarity weapon
Legendary rarity consumable items
Boon
Hero item such as visor

S+Heal 100 HP automatically
Increase Boon power

Will receive all Boons.

Next up, check out how to complete all Island Stories quests and earn even more XP in Fortnite Chapter Six, season three.

Dot Esports is supported by our audience. When you purchase through links on our site, we may earn a small affiliate commission. Learn more about our Affiliate Policy



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June 8, 2025 0 comments
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Shokz OpenFit 2 +
Product Reviews

Shokz OpenFit 2+ review: A marked improvement for an incremental price increase

by admin June 5, 2025



Why you can trust TechRadar


We spend hours testing every product or service we review, so you can be sure you’re buying the best. Find out more about how we test.

Shokz OpenFit 2+: One minute review

After just 24 hours with the Shokz OpenFit 2+ I can already tell they’re great headphones that are worthy of inclusion in our best open-ear headphones buying guide, and perhaps our best running headphones guide as well.

They’re comfortable to wear, even for glasses wearers like myself, with Shokz’ flexible nickel-titanium alloy ear hooks looping over your ears and weighted down by a bulbous end, while the driver sits snugly against your temples.

The silicon covering, which Shokz labels its “ultra soft silicone 2.0” is comfortable to wear in sweaty conditions. The whole earbud weighs 9.4g, making it light, but a gram heavier than the original OpenFit.


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The drivers aren’t bone-conduction headphones like the Shokz OpenRun Pro 2 or Shokz Openswim Pro. Instead, they’re more like traditional drivers or speakers, directing sound towards your ears without covering the lughole entirely.

The sound is really very good, perhaps even coming close to the Bose Ultra Open Earbuds (our gold standard in open-ear sound) in terms of quality. The addition of Dolby is noticeable from the moment you flip the setting on in the Shokz app: everything becomes richer and more pronounced.

(Image credit: Future)

Likewise, I had fun tinkering with the EQ settings in the app, switching from Vocal mode to listen to my podcast during the first part of the run, and Bass Boost once I got up the giant hill I’d foolishly decided to tackle. I needed something heavier to get myself through the second part of my run, and Bass Boost paired nicely with the pounding roars of Linken Park’s new Heavy is the Crown.

While the sound is comparable to the Bose Ultra Open, the OpenFit 2+ are certainly more reassuring to wear during strenuous exercise. I was continually worried that the Ultra Open would fall off my ears during jogs due to their pendulous wobbly clip design, and I personally know one person who had this happen during a marathon – a disaster, as the earbuds are very expensive.

Taking the Shokz OpenFit 2+ on a run, I felt very secure even during a trail that demanded a little lateral agility to navigate: I felt them shift slightly a few times, but never feared they would drop off.

I probably wouldn’t, however, wear them during circuit training with explosive movements like burpees, as I’d feel they might leave my ears during dynamic jumps. That’s something to test and report back on in my full review.

Shokz OpenFit 2+: Price and availability

(Image credit: Future)

  • $179.95 / £169
  • $100 / £100 cheaper than Bose Ultra Open Earbuds at launch
  • Only $20 / £10 more expensive than regular OpenFit 2

The Shokz OpenFit 2 cost $179.95 / £169 (about AU$350), while the Shokz OpenFit 2+ cost $199.95 / £179 (about AU$370). Official pricing for other regions is TBC. The Shokz are available to order now.

For the extra few dollars and pounds, you get the Dolby audio setting and wireless charging on the hard plastic case, whereas the OpenFit 2 need to be charged via USB, and they’re still much cheaper than the Bose Ultra Open Earbuds were at launch.

It’s such a nice convenience, and Dolby makes a big difference for such a small price increase, that my initial thoughts are that the standard OpenFit 2 will rapidly become obsolete; I can’t imagine a situation in which I’d recommend them over the 2+.

Shokz OpenFit 2+: Early Verdict

The Shokz OpenFit 2+: are great open-ear headphones for both workouts and general listening, with Dolby Audio as the flagship sound-enhancing feature – and the OpenFit 2 now seem a bit redundant as the two models are so similar in price. You’ll be able to check back soon for our definitive verdict in our full Shokz OpenFit 2+ review,.

First reviewed: June 2025



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June 5, 2025 0 comments
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Bitcoin
Crypto Trends

Bitcoin Large Holders Leading The Charge With A Notable Increase In Their Supply Count

by admin June 3, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

With bearish pressure growing in the market, Bitcoin seems to have entered a period of consolidation after rallying for several weeks. Over the past few days, the flagship asset has been hovering between the $103,000 level and the $107,000 threshold. During this recent upward trend, key market players have maintained a bullish sentiment toward BTC.

Whale Investors Stock Up On Bitcoin

Bitcoin has not fully lost its upward momentum, considering its position beyond the $100,000 price mark. As the flagship asset slowly regains momentum, on-chain data reveals that the number of BTC held by large holders, known as “whales,” has been steadily rising.

These deep-pocketed investors are quietly expanding their holdings following a shift toward bullish movements that led to a new all-time high for BTC. The increase in whale supply shared by Darkfost, a market expert and verified author, reflects a rising interest and confidence in BTC’s long-term prospects among high-net-worth investors.

In the report, Darkfost highlighted that the supply held by large investors, particularly wallet addresses holding between 1,000 and 10,000 BTC, has grown constantly since March 11. Interestingly, BTC’s price fell below the $78,000 level on this day before transitioning toward an upward trend, indicating an accumulation-driven rally.

Growing accumulation among whales | Source: Darkfost on X

As of Monday morning, the amount of supply held by these big wallet addresses moved from 3.3 million BTC to a total of 3.5 million BTC, representing a more than 5% increase. Such a notable growth in accumulation could add an extra layer to Bitcoin’s uptrend and possibly set the stage for a fresh bullish move that can cause prices to surge to new highs.

According to the on-chain expert, the cohorts have added over 78,000 BTC to their supply over the past 30 days. Meanwhile, 6,000 BTC have been amassed in the last 7 days, a sign of sustained conviction in the digital gold.

Although accumulation is slowing down in the very short term, Darkfost claims it remains relatively strong in spite of the new all-time high reached on May 23. “For now, confidence still reigns among the whales,” the expert added.

BTC Whales Are No Longer Shorting The Asset

Another instance of bullish conviction among large Bitcoin investors is their recent waning interest in opening short positions as prices hover near key resistance levels. On-chain expert and founder of Alphractal, Joao Wedson, stated that whales have stopped shorting BTC after evaluating the Bitcoin Whale Position Sentiment metric.

Considering the positive development, Wedson is confident that BTC might see some relief from here and experience a week of positive price movements. With upside strength building as BTC’s price revisited the $106,000 mark earlier today, the author has stressed the importance of monitoring this trend to stay 10 steps ahead of the crowd.

BTC trading at $105,199 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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June 3, 2025 0 comments
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Bitcoin
Crypto Trends

Bitcoin Big Money Moves: Whale Wallet Addresses Increase Sharply Post-BTC Rally To New Highs

by admin May 29, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Following a sudden wave of volatility that caught the general crypto market off guard, the Bitcoin price, which had recently hit a new all-time high, has now declined to the $107,000 threshold. However, BTC’s recent rally to a new high has since triggered heightened interest in the flagship digital asset, as evidenced by a sharp increase in the count of major investors.

Large Bitcoin Investors’ Interest Soars

In the wake of Bitcoin’s explosive rally to a new all-time high, a notable performance has been observed among BTC whales, also regarded as seasoned investors. During this period of bullish movements, these large investors have steadily increased in size and accumulation of the digital asset.

The sharp increase in whale participants was reported by Santiment, a leading market intelligence and on-chain data platform, in a recent post on the X platform. According to the on-chain platform, this bullish behavior is mainly seen among whale wallet addresses holding between 100 BTC and 1,000 BTC.

Data from the platform reveals that the number of these big wallet addresses has grown by an additional 337 wallets in the past 6 weeks, indicating a resurgence of robust confidence and accumulation by high-net-worth investors. This kind of euphoria among big investors often implies a bullish short-term outlook for BTC’s price.

BTC whales are accumulating more coins | Source: Santiment on X

It is essential to note that no wallet tier has been more closely correlated with cryptocurrency markets over the last five years of Bitcoin’s existence than the actions of whales holding between 100 and 1,000 BTC. The increase in large-holder wallets suggests that long-term investors and institutional players may be positioning themselves for further growth, which could support the next phase of the ongoing bull market.

Santiment’s data further shows that these investors have massively accumulated BTC in the past 6 weeks. During this period, the cohort has purchased over 122,330 BTC, suggesting a strong conviction in the flagship asset’s long-term prospects.

Historically, it is shown that a surge in whale presence and buying activity has preceded significant market movements. As a result, this development might play a crucial role in BTC’s next major move.

A Rise In Optimism Among BTC Whales

Since Bitcoin gained traction, whales have been returning to the market at a noticeable rate. Glassnode, a leading data analytics platform, also reported a similar bullish trend among larger investors, particularly wallet addresses holding 1,000 BTC or more.

According to the on-chain platform, the cohort is increasing again after declining in late April. Data shows that the number of these large investors has reached 1,455 entities even as BTC’s price surged to a new all-time high days ago.

Another indication that large investors are becoming extremely bullish about BTC once again is the rise in long positions. João Wedson asserted that whales are starting to go long compared to retail investors currently, as the asset hovers above the $107,000 level.

BTC trading at $107,826 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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May 29, 2025 0 comments
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Bitcoin Miners Increase Selling Pressure Post-ATH: Market Absorption Stays Strong
NFT Gaming

Bitcoin Miners Increase Selling Pressure Post-ATH: Market Absorption Stays Strong

by admin May 28, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

After a weekend of consolidation just below its all-time high near $112,000, Bitcoin is entering the new week with momentum building and bullish sentiment rising. Trading around $110K, BTC continues to hold a strong technical structure, and many analysts believe it’s only a matter of time before the next leg higher begins. With volatility tightening and the broader market gaining strength, all eyes are on Bitcoin as it flirts with price discovery once again.

Conviction is growing among top analysts who are now calling for significant price surges in the weeks ahead. On-chain metrics and price action continue to support the bullish outlook, pointing to sustained demand and a resilient trend structure. However, one emerging factor worth watching is miner behavior.

Top analyst Axel Adler shared new insights revealing that after hitting the ATH, miners have increased their BTC sales on exchanges. Inflows have doubled from an average of 25 BTC to 50 BTC per day, suggesting a profit-taking trend.

Bitcoin Prepares A Move As Market Absorbs Increased Miner Selling

Bitcoin is positioning itself for a potentially explosive phase as sentiment across the market grows increasingly bullish. Trading just below its all-time high near $112,000, BTC remains in a strong uptrend, and the coming days are likely to prove pivotal in confirming whether the next leg higher is ready to begin. With price action holding firm and bullish structure intact, many analysts believe an impulsive breakout could be imminent.

Adding fuel to the outlook is the broader global context. Trade tensions between the US and other major economies continue to escalate, and markets are becoming more reactive to macro uncertainty. In this environment, Bitcoin is once again being viewed as both a hedge and a high-beta growth asset—one that thrives in periods of volatility.

Adler shared key insights on miner behavior that may influence short-term price action. Since Bitcoin’s recent ATH, miner inflows to exchanges have doubled, from an average of 25 BTC to 50 BTC per day. While this indicates a noticeable uptick in selling, Adler notes that these levels remain well below historical peaks of around 100 BTC per day.

Bitcoin Miner Exchange Inflow | Source: Axel Adler on X

More importantly, the market appears to be absorbing this added supply without showing signs of stress. This suggests that demand remains robust, and selling pressure from miners is not yet strong enough to derail the uptrend. Instead, it reflects a healthy and expected shift in behavior following a major price milestone.

As Bitcoin hovers near all-time highs, the combination of strong market structure, supportive on-chain data, and resilient demand could set the stage for a powerful continuation. If bulls reclaim $112K with conviction, BTC may enter a fresh price discovery phase with targets well beyond current levels.

Bulls Hold Range Above $108K

Bitcoin is trading at $109,676 on the 4-hour chart, consolidating in a tight range just below its all-time high near $112,000. After a brief retracement from local highs, BTC has maintained its bullish structure, forming higher lows and staying well above key moving averages. The 34 EMA (green) at $108,639 acts as dynamic support, while the 50 and 100 SMAs (purple and blue) at $108,271 and $105,958 provide additional downside protection.

BTC showing strength above key moving averages | Source: BTCUSDT chart on TradingView

Volume has slightly declined during this consolidation, indicating a temporary pause rather than a reversal. Price remains comfortably above the major horizontal support level at $103,600—now a critical base for any deeper pullbacks. The uptrend remains intact as long as this zone holds.

What’s notable is BTC’s ability to hold above the 34 EMA despite increased miner inflows and broader market caution. This resilience suggests strong buyer interest and positioning ahead of a potential breakout.

To confirm continuation, bulls need to reclaim the $111K–$112K range with volume. A break above this resistance would likely trigger the next impulsive leg higher. For now, Bitcoin remains in a bullish consolidation phase, with strong support levels anchoring price action as the market awaits a decisive move.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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May 28, 2025 0 comments
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Decrypt logo
Crypto Trends

Bitcoin on Track to Hit $500K as Government Entities Increase MSTR Holdings: Standard Chartered

by admin May 20, 2025



In brief

  • Bitcoin’s price will reach $500,000 over the next three-and-a-half years, Standard Chartered analyst Geoff Kendrick writes.
  • In the first quarter, 12 government entities increased their exposure to Strategy.
  • Strategy holds 576,000 Bitcoin.

Bitcoin’s price remains on track to hit half a million dollars before Donald Trump’s current term ends after government entities increased their indirect exposure to Bitcoin in the first quarter, according to Geoff Kendrick, global head of digital assets research at Standard Chartered, 

Whether it was South Korea’s National Pension Service, the Swiss National Bank, or U.S. state retirement funds, government entities’ recent holdings of Strategy—which owns around 576,000 Bitcoin—“was very encouraging,” Kendrick wrote in a note on Tuesday. That group also included Swedish pension funds, a state-owned bank in France, and the Saudi Central Bank.

In the first quarter, 12 government entities increased their exposure to Strategy, holding 31,000 Bitcoin worth of Strategy shares, he added.

Although investors can gain exposure to Bitcoin through spot exchange-traded funds that were approved in the U.S. last year, government entities’ increased Strategy holdings reflect “widening structural demand” for Bitcoin and Strategy’s continued use as a Bitcoin proxy, Kendrick wrote.

“We believe that in some cases, MSTR holdings by government entities reflect a desire to gain Bitcoin exposure where local regulations do not allow direct BTC holdings,” he added.



Analysts at the British multinational bank believe that Bitcoin’s price will reach $500,000 before the end of  Trump’s second term ends in early 2029. That target is premised on the understanding that Trump’s administration, through the repeal of SAB 121 and initiatives like his strategic Bitcoin reserve, will improve investors’ access to Bitcoin, while encouraging demand.

 

Each quarter, institutional investment managers with over $100 million worth of assets under management are required to reveal their holdings through a filing with the Securities and Exchange Commission. Known as a 13F, Kendrick argued that these filings are the best way to test “our thesis that BTC will attract new institutional buyer types as the market matures.”

Within the U.S., state retirement funds for California, New York, North Carolina, and Kentucky upped their Strategy holdings by the equivalent of 1,000 Bitcoin, Kendrick said. Each share in Strategy equates to 0.0018 Bitcoin per diluted share, per Strategy Tracker.

Sovereigns’ exposure to Bitcoin through spot ETFs “was disappointing at first glance,” Kendrick noted, pointing to an overall decline in their direct holdings. The State of Wisconsin Investment Board, which held the equivalent of 3,400 Bitcoin through ETFs, sold all its holdings. 

Mubadala Investment Company, the sovereign wealth fund for Abu Dhabi’s government, validated Standard Chartered’s thesis when it started stockpiling Bitcoin last year. In the first quarter, its Bitcoin exposure increased to 5,000 Bitcoin, from 4,700 Bitcoin, not long ago.

Edited by James Rubin

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