Bitcoin’s August Breakout — Institutional Muscle Meets Market Tension
Momentum in Motion
Bitcoin is holding firm around $121,964 after breaking the key $118,803 level. Just days ago, it set a new all-time high of $123,000 before easing toward $120,437. Bulls remain in control, defending critical support and keeping BTC within striking distance of record territory.
Institutional Power Plays
MicroStrategy now holds 628,946 BTC — over 3% of total supply — after a fresh 21,000 BTC purchase worth $2.52B. Their relentless accumulation continues to drain market supply and reinforce their dominance as Bitcoin’s leading corporate holder.
ETF-Driven Demand
Bitcoin ETFs have pulled in $1B+ net inflows in just five trading days, cementing institutional products as a key force in BTC liquidity. Verified figures already confirm strong appetite, even as some estimates suggest higher totals.
Technical Landscape & Risks
BTC trades above major moving averages with support at $120,600–$121,400. Still, an emerging RSI bearish divergence hints at a possible short-term cooldown — proof that even strong rallies face turbulence.
A Cycle That Defies Tradition
For the first time, all-time highs arrived before the halving. Coupled with a favorable macro backdrop and surging institutional demand, some forecasts still point to $135K–$140K by year-end. Yet, seasoned traders are preparing for both the surge and the shakeout.
Bottom Line: August’s rally is fueled by big money and ETF inflows. The bullish trend is intact — but smart players are watching technical signals closely.