Bitcoin Price Prediction: Winklevoss $21M Bet, Whale Shift, $112K in Focus

Bitcoin is once again at the center of U.S. politics. Gemini co-founders Cameron and Tyler Winklevoss donated 188 BTC, valued at $21 million, to the Digital Freedom Fund PAC. Their goal: strengthen President Donald Trump’s pro-crypto policies ahead of the 2026 midterm elections.

This isn’t their first move. The twins had already contributed $5 million to the Fairshake PAC and $2 million in Bitcoin to Trump’s 2024 campaign. Even more symbolic, the $21 million figure reflects Bitcoin’s capped 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

The donation has been well received in Washington. The brothers have joined White House crypto events, while Trump himself praised their efforts to make the U.S. a blockchain innovation hub. Analysts see such political capital as a confidence boost for Bitcoin’s long-term adoption.

Market volatility added another layer of drama. A whale controlling more than $1.6 billion in assets shifted $113 million worth of Bitcoin into Ether, taking a $240 million spot ETH position.

The switch followed an earlier $76 million BTC sale used to fund a $295 million ETH perpetual long, part of which has since been closed. Current on-chain data shows the whale still holds 300 BTC ($34M) and over 55,000 ETH ($240M) on Hyperliquid, along with $167M in Bitcoin in reserve.

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

The trades looked rushed, and Bitcoin briefly traded at a 2% discount on Hyperliquid compared to other exchanges. While some traders see this as a risky gamble, others point to growing optimism around Ethereum. Either way, it highlights how large players can disrupt liquidity and spark volatility in both BTC and ETH markets.

Bitcoin now trades at $112,480, down over 1.50% in 24 hours, with a $2.23 trillion market cap and $60 billion in daily trading volume.

Bitcoin’s price action shows BTC slipping below its rising wedge support, with the 50-day SMA at $116,103 acting as resistance. Whereas, the failed retesting of $124,450 level has left the market vulnerable.

Momentum indicators confirm this weakness. The RSI sits at 40, while MACD remains negative, suggesting persistent selling pressure. Candlestick structure resembles the early stages of a “three black crows” formation — a bearish signal that often precedes further declines.

Key levels to watch:

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

For traders, the setup is balanced. Bears may short failed rallies under $116K, while bulls will wait for a bullish engulfing candle or higher low above $112K. Longer term, Bitcoin’s resilience above the $100K mark keeps the six-figure narrative intact, even as short-term volatility tests conviction.

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The team has put strong emphasis on trust and scalability, with the project audited by Consult to give investors confidence in its foundations.

Momentum is building quickly. The presale has already crossed $11 million, leaving only a limited allocation still available. At today’s stage, HYPER tokens are priced at just $0.012775—but that figure will increase as the presale progresses.

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