Bitcoin Weekly Outlook — From Record Highs to Sharp Pullback 🎢
$BTC Bitcoin experienced a volatile week, surging to a new all-time high of $124,474 before sliding sharply to $118,800 by Friday. The moves were driven by mixed US inflation data, which initially boosted bullish momentum but later triggered caution in the market.
On Thursday, the US Producer Price Index (PPI) came in higher than expected, signaling rising inflation. This dampened hopes for a 50-basis-point rate cut, creating risk-off sentiment and pushing BTC below $118,000. The drop led to the unwinding of $1.89 billion in long positions on-chain, highlighting aggressive selling and leveraged position closures.
Despite the turbulence, institutional interest remains strong. Data from SoSoValue shows a net inflow of $561.95 million into Bitcoin from institutional investors through Thursday — higher than the previous week but still below mid-July levels when BTC traded around similar prices.
According to the Bitcoin Treasury Strategy report by Sentora, 213 corporations and governments collectively hold $228.85 billion worth of BTC. Public companies account for 71.4% of these holdings, private companies 24.4%, and governments and other organizations 4.2%. This growing accumulation suggests broader adoption and acceptance of Bitcoin as a strategic asset.
While short-term sentiment has shifted from optimistic to cautious, the ongoing trend of institutional accumulation indicates confidence in Bitcoin’s long-term value. If macroeconomic conditions stabilize, BTC could regain momentum — but for now, traders should expect continued volatility.
