Bitcoin fell only 2.5%, losing about $80,000, after the announcement of the Binance hack, which involves $6.3 billion in stolen funds, while more than $3 billion in assets have been frozen. The cryptocurrency trades between $78,000 and $82,000, with support at $76,000-$78,000 and $72,000-$74,000, and resistance between $85,000 and $90,000. According to Grok AI, coordinated multi-year bitcoin accumulation by sovereign wealth funds and pension systems could create sustained structural demand and propel the asset to $750,000-$1.4 million, or even more than $2.2 million, by January 1, 2027. The article nevertheless describes this scenario as purely speculative and dependent on highly unlikely institutional coordination. It also highlights Bitcoin Hyper, a Solana-based Layer 2 project that has raised more than $33.2 million during its presale and recently launched its native wallet for testing.
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