Bitcoin’s price action this month has left traders watching closely as big players double down on bullish calls. According to VanEck’s research, the investment firm has reaffirmed a $180,000 year-end target even after Bitcoin slid from a recent high, a sign that some institutional buyers are not backing away despite a pullback.
Institutional Buying Remains Heavy
Reports have disclosed heavy accumulation in July. Exchange-traded products bought 54,000 BTC while Digital Asset Treasuries added 72,000 BTC, giving clear evidence that large holders continue to pile in.
VanEck first laid out its bullish view in November 2024 when Bitcoin traded around $88,000. At the same time, US-listed miners now account for 31% of global Bitcoin hashrate, up from roughly 30% earlier this year, even as equity index fell 4% when excluding Applied Digital’s 50% jump.
Price Moves Show Volatility And Quick Recovery
Bitcoin slid to $112,000 in early August before jumping back to $124,000 on Au
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