Meanwhile, Michael Saylor’s MicroStrategy marked the fifth anniversary of its Bitcoin strategy with an additional $18 million purchase, bringing its total holdings to 628,946 BTC.

There are signs of big conviction from major players, even as prices hover near peak profit levels. 

If this momentum continues, it could set the stage for the next major leg up, tightening supply just as demand accelerates.

At press time, BTC traded at $118,724, holding gains from its recent rebound.

The price stayed above both the 9-day and 21-day SMAs, showing steady short-term support. The RSI hovered near 58, so momentum was still in neutral territory.

 MACD lines were coming closer; a possible bullish crossover if buying continued. 

This followed a sharp spike earlier in the week that briefly pushed BTC above $120K before sellers stepped in.

While there is reduced volatility, the market still appeared sensitive to profit-taking pressure.  Sustained buying from whales could help BTC build on this base and challenge recent highs again.