Pudgy Penguins token, PENGU, has caught the market’s attention after a steep 26% daily jump brought its price to $0.0288. The move caps off a powerful seven-day rally, with the token up 91% over the past week and 195% over…

Pudgy Penguins climbs 26% as analyst draws PEPE comparison, eyes further upside

Bitcoin has reached a new all-time high once again, surging to $123,200 
earlier today, a move that has reignited bullish sentiment across the 
cryptocurrency market. After weeks of steady consolidation and strong 
institutional inflows, the top cryptocurrency continues its upward momentum, 
breaking past key psychological levels and entering uncharted territory. 
Related Reading: Bitcoin Long-Term Holders Remain Steady As CDD Normalizes 
After False Alarm One of the most notable developments fueling this surge is 
the rise in demand from so-called “accumulator” addresses. According to top 
analyst Darkfost, these wallets—classified by their consistent behavior of 
only accumulating BTC without any history of selling—have hit a new record 
high in 2025. This group of addresses is often associated with high-conviction 
holders, including long-term retail investors, institutional participants, and 
funds with strategic positioning. The spike in accumulator activity reveals a 
deeper layer of confidence in Bitcoin’s long-term trajectory. Even with BTC 
above $120,000, these addresses continue to stack sats aggressively, 
suggesting that smart money is not waiting for lower prices. Instead, they 
appear to be preparing for a potential continuation of the bull cycle. 
Accumulators Add BTC, But Will They Hold Through Volatility? As of today, 
Bitcoin accumulator addresses have collectively added approximately 248,000 
BTC, well above the monthly average of 164,000 BTC. This significant uptick 
highlights a sharp increase in demand over a short period, indicating that 
long-term players are actively positioning themselves despite Bitcoin 
continuing to post new all-time highs. These addresses, often associated with 
entities that have never sold BTC, are typically viewed as highly 
sophisticated investors with long-term horizons. The recent surge in 
accumulation suggests these players see continued upside potential, even after 
Bitcoin reached $123,200. Their behavior reflects strong market confidence and 
a belief that the current rally may be far from over. However, there is a 
caveat. If Bitcoin enters a phase of correction or prolonged consolidation, 
some of these addresses may begin to exit their positions. Doing so would 
strip them of their accumulator status and introduce substantial selling 
pressure into the market. With the 248,000 BTC added now worth around $30 
billion, any significant liquidation from this cohort could impact short-term 
price stability. This week will be particularly crucial. The highly 
anticipated “Crypto Week” in Washington begins, with the US House of 
Representatives scheduled to discuss and vote on key crypto regulatory bills. 
The outcomes could drive volatility and influence whether these accumulators 
continue to hold or begin to fold. Related Reading: Pump.fun Public Sale Ends 
In 12 Minutes: Token Distribution Now Underway Bitcoin Breaks Out With Strong 
Momentum Above $120K The 8-hour chart shows Bitcoin has decisively broken out 
above the key resistance at $109,300, accelerating sharply to reach new all- 
time highs at $123,200. This breakout follows weeks of consolidation between 
the $103,600 and $109,300 levels, during which Bitcoin established a solid 
base of support. The move was accompanied by a notable surge in volume, 
confirming strong buyer conviction behind the rally. Technically, BTC is now 
trading well above its 50, 100, and 200-period simple moving averages (SMAs), 
which currently sit at $110,795, $108,079, and $106,980, respectively. The 
bullish alignment of these moving averages supports the ongoing uptrend and 
indicates that buyers have regained full control of the market structure. 
Related Reading: Bitcoin Dominance Continues Historic Climb – Altcoins 
Struggle To Gain Ground The explosive breakout above $110K suggests the market 
has entered a price discovery phase, where historical resistance levels offer 
little guidance. If Bitcoin manages to hold above $120K in the coming 
sessions, this level may flip into new support. Featured image from Dall-E, 
chart from TradingView

$30B In Bitcoin Added By Accumulator Wallets: Are Long-Term Players Preparing Early?

Understanding cryptocurrency has traditionally hindered adoption in Europe. 
OKX appears to have bypassed this hurdle by enabling purchases through a 
familiar, trusted platform: PayPal. On July 14, crypto exchange OKX announced 
a direct integration with PayPal, allowing users across the…

OKX and PayPal forge crypto on-ramp alliance in Europe

Grayscale Investments confidentially submitted a draft registration statement 
for a U.S. initial public offering (IPO) to the Securities and Exchange 
Commission (SEC) on July 14, 2025. The digital asset management firm, a 
subsidiary of Digital Currency Group, aims to become a publicly traded 
company. Grayscale Files Draft Registration for U.S. Initial Public Offering 
The Form […]

Digital Currency Group’s Grayscale Plans Public Listing

Avalanche is showing early signs of a bullish reversal after establishing a 
potential double bottom formation at a critical support zone. If confirmed, 
this pattern could trigger a move toward $41.80. Avalanche (AVAX) is currently 
trading within a high time…

AVAX crypto forming a bullish Double Bottom pattern at key support

Onyxcoin is riding the overall cryptocurrency market sentiment to multi-month 
highs, with a 43% spike helping the decentralized Web3 protocol climb into the 
top 100 coins by market cap. The Onycoin (XCN) price hovered above $0.020, 
double-digits up on the…