Bitcoin Nears $113,500 as Trader DFarmer Reports Profit-Taking and New Long Position in Hype

A recent social media post from cryptocurrency trader DFarmer indicates significant activity in the Bitcoin market, with the digital asset approaching the $113,500 mark. The tweet, posted on August 26, 2025, also revealed a strategic move into a lesser-known cryptocurrency, Hype, at a price of $46.

"TP’d btc 113500 and longed Hype 46," stated DFarmer in the tweet.

This announcement suggests DFarmer executed a "take profit" order on Bitcoin at $113,500, securing gains from a previous investment. Bitcoin has experienced notable price appreciation in recent months, with reports indicating it reached an all-time high of approximately $111,970 to $112,509 in May 2025. The cryptocurrency has seen a significant surge throughout 2024 and 2025, driven by factors such as the approval of Bitcoin ETFs and increased institutional interest.

Following the Bitcoin profit-taking, DFarmer initiated a "long" position in Hype at $46. A "long" position in trading signifies a bet on the asset's price increasing in the future. While Bitcoin is the world's largest and most recognized cryptocurrency, the mention of "Hype" suggests a diversification into an altcoin, potentially indicating a belief in its growth potential within the volatile crypto market.

The move highlights the dynamic strategies employed by individual traders in the cryptocurrency space, balancing profit realization from established assets like Bitcoin with speculative investments in emerging or smaller-cap digital currencies. The broader cryptocurrency market continues to attract both institutional and retail investors, contributing to its inherent volatility and opportunities for significant gains or losses.