Bitcoin faces risk of a pullback to $75,000, while long-term bulls have quietly accumulated $31.1 million in structural positions.

According to CoinWorld, Bitcoin Hyper has raised $31.1 million to develop a Bitcoin Layer 2 solution based on the Solana Virtual Machine, aiming to combine Solana's speed with Bitcoin's security. The network uses a canonical bridge to lock native Bitcoin and mint compatible versions, enabling high-throughput transactions. Supporters believe this will help Bitcoin function as a high-speed circulating currency and buffer market volatility, such as the recent sell-off that saw Bitcoin's price drop to a two-month low near $81,000.