Bitcoin (BTC) is currently trading around $114,000 to $115,000, showing slight recovery after a recent dip of about 7% from its late-July high of $123,400. Market sentiment remains cautious due to growing fears of stagflation in the U.S., which has led to significant outflows from Bitcoin ETFs—nearly $196 million recently—while Ethereum-based ETFs saw inflows, indicating a shift in investor preferences. Despite this, institutional interest remains strong, with MicroStrategy purchasing over 21,000 $BTC BTC worth $2.46 billion, pushing its total holdings above 628,000 BTC, valued at more than $72 billion. On-chain data also supports a bullish outlook: exchange outflows are averaging over $21 million per day, and miner reserves have dropped to a record low, reducing immediate selling pressure.
In the background, global interest in $BTC Bitcoin as a reserve asset is growing. The U.S. has already established a strategic Bitcoin reserve holding approximately 200,000 BTC, and other countries are reportedly exploring similar moves. Meanwhile, security concerns have resurfaced after the revelation of a previously unreported 2020 hack involving 127,000 stolen BTC—now worth $14.5 billion—which dwarfed the Mt. Gox incident in value and led to the closure of one of the top Bitcoin mining pools at the time. Despite these challenges, many analysts and investors, including author Robert Kiyosaki, remain optimistic about Bitcoin’s future, with some forecasting a potential rally to $200K or beyond by the end of 2025 if key bullish indicators continue to align
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