#Bitcoin bounced +1.18% to $114,405 in 24h after a 7% weekly drop. Gains came from institutional staking momentum, Layer-2 innovation hype, and strong support at $111.9K holding despite bearish signals.

1.💥 Institutional Staking Demand (Bullish)

CoreDAO + Hex Trust launched $BTC  -backed staking for institutions, already securing $500M TVL. This expands compliant yield options and reduces sell pressure. Institutions now hold 629K BTC in treasuries, reinforcing structural demand.

2.💥 Layer-2 Innovation Hype (Mixed)

Bitcoin Hyper raised $10.8M for a Solana VM-based Layer-2, highlighting interest in scaling BTC beyond store-of-value. Long-term bullish for adoption, but near-term price impact limited.

3.💥 Technical Support Holds (Neutral/Bullish)

BTC defended $111.9K Fib support:

RSI 44.16 → neutral

MACD -606 → bearish but improving

Resistance: $116.3K SMA

Upside depends on reclaiming $116K.

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?