Bitcoin Above $70,000: Whales Flock to a New Layer 2 Presale!

Supported by Bitcoin ETF approval, Bitcoin remains above $70,000! Whales are turning to Bitcoin Hyper (HYPER), a project aimed at enhancing Bitcoin’s DeFi capabilities that has raised $32 million in its presale.

Bitcoin regained the $70,000 level and has maintained this level for the past few days, exceeding expectations.

This marks the strongest performance since Bitcoin’s sudden crash on February 5.

Most of this stability is attributed to the strong support from spot Bitcoin ETFs, which reached a cumulative net inflow of $917.28 million this week.

Institutional capital has created a reliable foundation for Bitcoin, even during a period when the war between the US, Israel, and Iran shows no signs of easing, fueling upward momentum.

While mainstream investors closely monitor Bitcoin’s price movements, a significant strategic shift is occurring among “smart money” holders.

Whales and experienced investors are no longer just holding BTC.

They are investing capital into projects that will bring new use cases to Bitcoin. At this point, Bitcoin Hyper (HYPER) has become one of the most talked-about names in the presale world.

Although the HYPER presale started only a few months ago, it has reached approximately $32 million with a steady fundraising pace.

This Wednesday, a large on-chain (on-chain) purchase in the six-figure range was even confirmed.

Bitcoin Hyper’s BTC-focused Layer-2 solution is preparing to significantly expand Bitcoin’s DeFi (decentralized finance) capabilities.

Some analysts are predicting a 100x return for HYPER by the end of 2026.

Bitcoin ETF Inflows Show Confidence in Wall Street
Bitcoin made a move toward $74,000 two days ago and touched this level on Wednesday evening.

However, this peak was short-lived, and while the bulls put on a show, BTC is currently cautiously testing the $70,000 level again.

Analyst Ted Pillows emphasized in a post on X (Twitter) that the $69,000–$70,000 range is the key zone to watch.
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