#Bitcoinhaving

Market Milestone

• Bitcoin reached new all-time high of $124,457 on August 13, 2025

• Currently trading at $123,337 with $2.45 trillion market capitalization

• Price recovered after briefly dipping below $120,000 on August 11

• Fear & Greed Index at 73 (Greed), reflecting market optimism

Key Drivers

• Sustained institutional interest: Metaplanet's $61.4M Bitcoin purchase

• Strong ETF inflows coinciding with decreasing exchange balances

• Technical indicators show mixed signals: bullish MACD vs. overbought RSI

• New infrastructure: Binance Options launch, BitLayer's BitVM Bridge ($25M funding)

Trading Outlook

• Critical support established in $120,000-$123,000 zone

• Immediate resistance at recent ATH of $124,457

• Long-short ratios show bullish bias (64-79 range) on currency standard

• Year-end forecasts range from $110,000-$140,000, with bullish cases to $200,000

• Traders advised to scale positions and implement risk management at record levels

Strategy Considerations

• Monitor ETF flows and exchange balances for continued institutional demand

• Watch for consolidation patterns that may precede next significant move

• Consider hedging with new Bitcoin Options during potential corrections

• Focus on on-chain metrics to gauge long-term accumulation trends