#Bitcoin bounced +1.18% to $114,405 in 24h after a 7% weekly drop. Gains came from institutional staking momentumLayer-2 innovation hype, and strong support at $111.9K holding despite bearish signals. Even the major crypto carnival worth $500k on BingX is heating up from Bitcoin and Ethereum rise.
BTC's rebound shows resilient institutional demand + narrative tailwinds, but risks linger from ETF outflows (-$523M Aug 20) and MicroStrategy stock weakness
Key watch: Can #BTC defend $113K if
equities extend losses? $BTC dominance (58.67%) may hint at rotation flows
Maybe the altseason is coming soon?
