Bitcoin Price Prediction: Winklevoss Brothers Invest $21 Million, Whale Transfers ETH

Bitcoin (BTC) is under pressure due to dual influences from politics and the market. The Winklevoss brothers donated $21 million worth of BTC to a political action committee supporting Trump, highlighting their long-term bet on encryption policies; meanwhile, a whale converted over $113 million in BTC to ETH, causing market fluctuations. Technically, BTC is testing the key support level of $112,000, and the short-term trend has entered a sensitive range.

The Winklevoss Brothers' Political Bet: $21 Million Symbolic Supply Cap

Cameron and Tyler Winklevoss donated 188 BTC (approximately 21 million USD) to the Digital Freedom Fund political action committee, an amount that corresponds exactly to the supply cap of 21 million Bitcoin.

The twins have previously supported pro-encryption policies multiple times, including donating 5 million dollars to Fairshake and contributing 2 million dollars in BTC to Trump 2024 team.

Analysts believe that this donation is not only a political capital but also a statement of confidence in the long-term application prospects of Bitcoin, especially against the backdrop of Trump's promise to transform the United States into a "blockchain innovation center."

Whale transfer ETH: 113 million USD BTC exchanged for 240 million USD ETH

On-chain data shows that a Whale controlling over 1.6 billion dollars in assets has exchanged 113 million dollars worth of BTC for ETH, holding more than 55,000 ETH (approximately 240 million dollars).

Previously, the Whale also sold 76 million USD BTC to support a 295 million USD ETH perpetual long position, and part of the position has been closed.

This transfer of positions caused the BTC price on Hyperliquid to drop 2% lower than other exchanges, highlighting the influence of large participants on liquidity, and reflecting the market's short-term optimistic sentiment towards ETH.

Technical Analysis: $112,000 as the Bull-Bear Divide

(Source: Trading View)

Current price: $112,480, 24-hour fluctuation down 1.5%, market cap 2.23 trillion USD, daily trading volume 60 billion USD.

Resistance level: 50-day SMA at $116,103, if broken, can challenge $120,900 and $124,450.

Support level: $112,000 is the key defense, and if it breaks down, it may test $108,000 or even $105,150.

Technical indicators: RSI at 40, MACD is negative, K-line structure is close to the "Three Black Crows" pattern, indicating continued selling pressure.

Short-term traders may short when the rebound fails below $116,000, while bulls wait for a bullish engulfing pattern or a reversal signal after breaking the $112,000 low.

Short-term and Long-term Outlook

Short-term: If the support at 112,000 USD is lost, bears may dominate the market, targeting a downward move to 108,000 USD.

Mid-term: If it can stabilize and break through 116,000 USD, it is expected to return above 120,000 USD.

Long-term: The injection of political capital and continued institutional participation still support Bitcoin to maintain a six-figure price pattern above $100,000.

Conclusion

Bitcoin is currently at a critical moment where political funding intertwines with market fluctuations. The $21 million donation from the Winklevoss brothers symbolizes long-term confidence, while the Whale's transfer of ETH serves as a reminder of market liquidity risks. The $112,000 support level will become the core battleground for bulls and bears, and investors need to closely monitor technical signals and macro news. For more real-time quotes and in-depth analysis, please follow the official Gate platform.