Is Bitcoin’s bull run in danger? – Analyst predicts end by October

Key Points

1. Bitcoin's price is climbing while the number of large whale wallets is decreasing, mirroring patterns from the 2021 market top.

2. Public companies like MicroStrategy and Mara Holding are aggressively buying Bitcoin, with MicroStrategy adding $2.46 billion worth of BTC in July.

3. 42 publicly traded firms now hold 4.28% of Bitcoin's total supply, indicating growing institutional adoption.

4. ETF inflows and public company purchases may offset potential downside risks, possibly leading to a shallow pullback rather than a full reversal.

5. On-chain data suggests Bitcoin's bull market could extend until October, with resilience shown by holding above $117,265 since mid-July.