As the weekend approached, the pioneer cryptocurrency Bitcoin experienced a slowdown in its recovery momentum, with its price struggling to surpass $108,000. The neutral candle formation in the daily chart accentuates market uncertainty, as the Middle East’s geopolitical tensions continue to pressure the broader market. Despite the risk of short-term correction, the high-net-worth investors and corporate companies show no signs of discouragement and actively accumulate BTC in 2025. Is a new high coming soon?
Corporate Adoption of Bitcoin Reaches New Heights in 2025
Over the last 5 days, the Bitcoin price has shown a V-shaped recovery, rising from $93,705 to $107,292, representing a 14.5% increase. The potential ceasefire between Iran and Israel after two weeks of military action was among the primary reasons behind this surge. However, the tensions between the two nations still persist and hinder the recovery momentum of the market.
However, recent on-chain data highlights that deep-pocketed investors retain a bullish outlook and continue to accumulate more of this asset.
According to Santiment data, there is a notable increase in the number of Bitcoin whale and shark wallet accounts that hold at least 10 BTC. While the retail investors panicked, the 10+ BTC wallet has hit 152,218 marks for the first time since March 12th, accentuating a high-accumulation phase among smart money despite the Middle East conflict.
Adding to the bullish note, corporate adoption of Bitcoin has surged significantly in 2025. According to recent data from Bitcoin Magazine, the number of publicly traded companies holding BTC on their balance sheets has more than doubled year-over-year, reaching a high of 151. The number is significantly higher than the 64 recorded in 2024 and 43 in 2022, representing a clear trend of accelerating corporate adoption.
The rapid rise in corporate adoption and active accumulation by whales and sharks reflects the growing institutional confidence in Bitcoin’s growth potential.
BTC Breakout Close With Flag Pattern
By press time, the Bitcoin price is trading at $106,976, with a negligible loss of 0.03%. This led to a neutral candle formation in the daily chart, as buyers took a sharp break from the early-week recovery.
A detailed analysis of BTC’s technical chart shows the formation of a bull flag pattern that encapsulated its price within two trendlines since mid-May 2025. Theoretically, the chart setup displays a long ascending pole, denoting the dominant trend in the market, followed by a temporary pullback within two downsloping lines, allowing buyers to regain momentum.
Currently, the coin is just less than 2% away from challenging the pattern’s resistance and driving a major breakout. If successful, the post-breakout rally could drive an initial surge to $120,000, followed by an extended leap to $137,000.
Also Read: US to Become Crypto Capital of the World: Senator Tim Scott
