Bitcoin Surges Past $109K as Market Expert Reveals Why This Bull Run Is Different

• Bitcoin broke $109,000 resistance twice this month and must hold above $106,300 to continue rising. 

• Market veteran Willy Woo warns this late-stage bull run feels flat because institutional treasury companies drain liquidity through indirect investment loops. 

• Altcoins will likely rotate upward but more slowly than in previous cycles due to institutional involvement and changing market dynamics.

Bitcoin has breached the critical $109,000 resistance level for the second time this month. The cryptocurrency’s price action follows a pattern established on July 2nd, when the initial breakout occurred, followed by a sustained rally and minor correction before the current upward move.

Market analysts note that key support zones remain intact, preserving bullish sentiment among traders. The $106,300 level is the crucial support threshold that Bitcoin must maintain to continue its upward trajectory.

Institutional Impact Creates Market Volatility Challenges

Market veteran Willy Woo warns that Bitcoin has entered a high-risk, late-stage bull market phase. The analyst emphasizes that institutional involvement has fundamentally altered market dynamics while the cryptocurrency ecosystem has grown larger and more stable than previous cycles.

The current market environment differs significantly from past bull runs. Traditional cycles witnessed explosive, synchronized rallies across Bitcoin and major altcoins, including Ethereum, Solana, and meme tokens. This cycle presents a notably subdued trading environment.

Treasury companies have redirected substantial capital away from direct cryptocurrency purchases. These firms liquidate Bitcoin holdings to acquire shares in Bitcoin-holding corporations such as MicroStrategy and MetaPlanet. These companies subsequently purchase Bitcoin for their treasury reserves, creating an inefficient capital circulation loop.

This structural change has reduced market volatility and dampened the speculative excitement that characterized previous bull markets. The indirect investment approach has extracted liquidity from the broader cryptocurrency market.

Altcoin Rotation Expected Despite Institutional Headwinds

Woo’s research team anticipates traditional altcoin rotation patterns will emerge, albeit slower than previous cycles. The expected flow involves capital movement from Bitcoin into large-cap altcoins like Ethereum, Solana, and BNB.

Mid-cap tokens typically receive investment flows after major altcoins establish momentum. Small-cap, high-risk altcoins generally benefit during the final stages of bull market cycles. This progression represents standard market behavior across cryptocurrency cycles.

However, institutional participation may require scaled-down expectations for altcoin performance. The presence of large institutional investors has created a more macro-driven market environment that operates differently from retail-dominated cycles.

Woo disclosed that he is not participating in altcoin investments during this cycle, suggesting a cautious approach given the changed market structure. The analyst’s position reflects broader uncertainty about how traditional cryptocurrency market patterns will adapt to increased institutional involvement.