Bitcoin Price Forecast: Winklevoss Places $21M Wager, Whale Movement, $112K Target

Bitcoin is once again a focal point in U.S. politics. Gemini co-founders Cameron and Tyler Winklevoss have contributed 188 BTC, valued at $21 million, to the Digital Freedom Fund PAC. Their objective is to bolster President Donald Trump’s pro-crypto initiatives in anticipation of the 2026 midterm elections.

This is not their initial action. The twins had previously donated $5 million to the Fairshake PAC and $2 million in Bitcoin to Trump’s 2024 campaign. Notably, the $21 million amount symbolizes Bitcoin’s limited supply of 21 million coins.

​​TODAY: The Winklevoss twins donated 188 $BTC worth $21M to pro-Trump PAC ahead of US midterms to support President Trump’s crypto agenda. pic.twitter.com/mRoAgByeuY

— Cointelegraph (@Cointelegraph) August 21, 2025

The contribution has been positively received in Washington. The brothers have participated in White House crypto events, and Trump himself has commended their efforts to establish the U.S. as a hub for blockchain innovation. Analysts view this political engagement as a confidence booster for Bitcoin’s long-term acceptance.

Whale Transfers $113M BTC Into Ethereum

Market fluctuations have added another layer of complexity. A whale managing over $1.6 billion in assets converted $113 million worth of Bitcoin into Ether, establishing a $240 million spot ETH position.

This transition followed a prior $76 million BTC sale that funded a $295 million ETH perpetual long, part of which has since been closed. Current on-chain data indicates that the whale retains 300 BTC ($34M) and over 55,000 ETH ($240M) on Hyperliquid, in addition to $167M in Bitcoin reserves.

$1.6B Bitcoin Whale Shifts Another $113M BTC Into $240M ETH Long https://t.co/n4mFRp12tt

— Utility token (@Utillitytoken) August 21, 2025

The transactions appeared hurried, and Bitcoin briefly traded at a 2% discount on Hyperliquid compared to other platforms. While some traders perceive this as a risky maneuver, others highlight the increasing optimism surrounding Ethereum. Regardless, it underscores how significant players can influence liquidity and induce volatility in both BTC and ETH markets.

Bitcoin Tests $112K as Technicals Deteriorate

Bitcoin is currently trading at $112,480, down over 1.50% in the last 24 hours, with a market capitalization of $2.23 trillion and a daily trading volume of $60 billion.

Bitcoin’s price movement indicates BTC has fallen below its rising wedge support, with the 50-day SMA at $116,103 acting as a barrier. Additionally, the unsuccessful retest of the $124,450 level has left the market exposed.

Bitcoin Price Chart – Source: Tradingview

Momentum indicators validate this weakness. The RSI is at 40, while MACD remains in negative territory, indicating ongoing selling pressure. The candlestick pattern resembles the early stages of a “three black crows” formation — a bearish indicator that often precedes further declines.

Key levels to monitor:

• Below $112K: downside opens to $108K, then $105,150
• Above $116K–$117K: rebound possible toward $120,900 and $124,450

For traders, the setup appears balanced. Bears may short failed rallies under $116K, while bulls will look for a bullish engulfing candle or a higher low above $112K. In the long term, Bitcoin’s ability to maintain above the $100K threshold keeps the six-figure narrative intact, even as short-term volatility tests conviction.

New Presale Bitcoin Hyper ($HYPER) Merges Bitcoin Security With Solana Speed

Bitcoin Hyper ($HYPER) is establishing itself as the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM). Its aim is to enhance the Bitcoin ecosystem by facilitating rapid, low-cost smart contracts, decentralized applications, and even meme coin creation.

By integrating Bitcoin’s unparalleled security with Solana’s high-performance framework, the project paves the way for entirely new applications, including seamless BTC bridging and scalable dApp development.

The team has placed a strong emphasis on trust and scalability, with the project audited by Consult to instill confidence in its foundations among investors.

Momentum is rapidly building. The presale has already surpassed $11 million, leaving only a limited allocation still available. At the current stage, HYPER tokens are priced at just $0.012775—but this figure will rise as the presale advances.

You can acquire HYPER tokens on the official Bitcoin Hyper website using cryptocurrency or a bank card.

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