Bitcoin hovered near $103,000 on Wednesday after Galaxy Digital lowered its 2025 price forecast from $185,000 to $120,000, citing increased leveraged liquidations, whale sell-offs exceeding 400,000 BTC, and tightening market liquidity. Despite the downgrade, Galaxy maintained a long-term bullish stance, pointing to institutional inflows and ETF growth as drivers of the next expansion phase.
Galaxy Adjusts Forecast but Stays Bullish
Alex Thorn, Galaxy’s head of research, described Bitcoin’s current stage as a “maturity era,” characterized by slower but steadier growth. He emphasized that as long as Bitcoin holds above the $100,000 mark, the broader bull market structure remains intact.
Last month’s $20 billion flash crash, which briefly drove Bitcoin below six figures, sparked fears of a bearish shift. However, analysts argued that the 21% correction fits within typical cycle behavior. Thorn reiterated that Galaxy remains confident in Bitcoin’s fundamentals, expecting a recovery once markets stabilize and institutional participation strengthens.
Metaplanet’s $100M Bitcoin Loan Expansion
Meanwhile, Japan’s Metaplanet Inc., the country’s largest corporate Bitcoin holder, announced a $100 million loan from its $500 million Bitcoin-backed credit facility to expand its holdings and fund revenue initiatives. The loan represents just 3% of its total 30,823 BTC reserves, currently valued around $3.5 billion, demonstrating a conservative leverage strategy.
The firm will allocate part of the funding to its growing Bitcoin income business, which generated ¥24.4 billion ($160 million) in Q3 2025, up 3.5x year-over-year. Metaplanet aims to reach 210,000 BTC by 2027, reinforcing its commitment to long-term Bitcoin accumulation despite market turbulence.
Adam Back’s Swiss Firm Boosts Institutional Adoption
Adding to the institutional momentum, “Future,” a Swiss Bitcoin treasury and custody startup co-founded by Adam Back, raised $34.5 million (28M CHF) in a funding round led by Fulgur Ventures, Tobam, and Nakamoto Future Holdings. The firm provides multisignature custody, treasury management, and advisory services for corporations integrating Bitcoin into their balance sheets.
UPDATE: Future, a Swiss Bitcoin treasury startup co-founded by Adam Back, raises $34.5M to build a Bitcoin treasury/custody platform. pic.twitter.com/auojYBWHZt
— Cointelegraph (@Cointelegraph) November 5, 2025
Co-founded by industry leaders including Julian Liniger (Relai) and Marc Syz (Syz Capital), Future aims to establish itself as Switzerland’s top Bitcoin treasury platform. The move aligns with Switzerland’s MiCA-aligned crypto legislation, reinforcing the nation’s role as a European hub for institutional Bitcoin adoption.
Bitcoin Technical Outlook: Early Signs of Reversal
Bitcoin (BTC/USD) is consolidating near $103,580, stabilizing after last week’s drop from $111,000. On the 2-hour chart, BTC forms a descending broadening wedge, a structure often signaling selling exhaustion and a potential upside reversal.
A bullish engulfing candle near $100,400, the lower wedge boundary, suggests renewed buying interest. The RSI has recovered from oversold levels near 30 to around 48, showing bullish divergence. Bitcoin has reclaimed its 20-EMA, and a breakout above the 50-EMA at $104,200 could confirm a momentum shift.
A sustained move above $106,300 (200-EMA) may open a recovery path toward $111,000, while failure to hold $103,000 could revisit $100,400–$97,600.
Trade Setup: A long position above $104,200 targets $106,300 and $111,000, with a stop-loss below $101,500.
Outlook
Despite near-term pressure, the combination of institutional expansion from Galaxy, strategic accumulation by Metaplanet, and growing Swiss investment infrastructure suggests Bitcoin’s long-term growth story remains intact. The market may be entering a period of consolidation before its next major breakout, as institutional confidence quietly builds beneath the surface.
Bitcoin Hyper: The Next Evolution of BTC on Solana?
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Audited by Consult, the project emphasizes trust and scalability as adoption builds. And momentum is already strong. The presale has surpassed $25.9 million, with tokens priced at just $0.013225 before the next increase.
As Bitcoin activity climbs and demand for efficient BTC-based apps rises, Bitcoin Hyper stands out as the bridge uniting two of crypto’s biggest ecosystems. If Bitcoin built the foundation, Bitcoin Hyper could make it fast, flexible, and fun again.
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