Bitcoin holds around $ 108,716, According to CoinDesk dataBut behind the action of the flat price are signs of a potential breakout because both retail and institutions cover accumulation.
On August 29, André Dragosch, head of European research in Bitwise, mentioned The Bitcoin corporate adoption is accelerated at a historical speed. He said July and August only saw the creation of 28 new Bitcoin Treasury companies and an increase of more than 140,000 BTCs in combined with corporate handling.
That figure is about equally equal to the total amount of new bitcoin mined in one year (that is around 164,000 BTC)emphasizing how demand from Treasury is soaking a supply faster than it did.
The accompanying bitwise chart showed a steep upward curve, featuring how companies were increasingly treating Bitcoin as a reserve owner in the mold of Michael Saylors ‘approach’ (Mstr).
Maya -maya pa, Dragosch discussed A popular narrative of the analysts that Bitcoin could be “above” in 2025 due to post-halving cycle patterns seen in the early years. He argued that such a thought ignored the size of the institutional demand today.
His chart showed that by August 29, 2025, the institution’s demand was absorbing more than 690,000 BTC, compared to a new supply of more than 109,000 BTC, making it approximately 6.3 times greater than supply.
As Drogosch described it almost seven times, the accurate ratio still describes an extraordinary imbalance that compares to the history cycle. For investors, the implications are that the dynamic supplies driven by stopping may be insignificant during the present period of institutional adoption.
Two days before, on August 27th, Dragosch taught in Buying retail as another driver. He said the rate of accumulation in all cohorts of Bitcoin purse – from small holders to whales – reached the highest level since April. In his words, investors seemed to “relentlessly stop.”
The attached chart attached to the sharp upward movements in the purse groups, suggesting that retail demand is aligned with institutional flows. Historically, the upcoming accumulation throughout the cohorts is often preceded by major reversed movements, making the current environment for the bulls.
Despite the accumulation of data, Bitcoin has been a little changed to $ 108,716 in the past 24 hours, according to CoinDesk data, as markets have been awaiting clearer catalysts.
Price review highlights
(All times are UTC)
- According to CoinDesk’s technical analysis data model, between August 30 and 15:00 and August 31 at 14:00, BTC exchanged for a $ 2,150 range, changing between $ 107,490 and $ 109,640.
- Heavy purchase support appeared near $ 107,800, where volumes exceed daily averages, establishing a major short-term floor.
- The resistance is formed around $ 109,600, where repeated rejection indicates income pressure pressure.
- During the final 60 minutes of the review period, the BTC sank from $ 109,250 to $ 108,700 before closing near $ 108,900, showing ongoing volatility but stable support level.
Denial: Parts of this article were formed with assistance from AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
