Corporate treasuries added 29,500 BTC in just one week. Bitcoin Treasury Capital led this increase, with 8 new entities contributing 69% of the rise, while 24 entities expanded their existing holdings. Bitcoin is trading near the level of $119,415 amid increasing recognition by institutions as a tool for hedging against inflation. Key driving institutional entities
• 35 companies now own 1,000 BTC or more each
• Regulatory clarity enables faster allocation of financial resources
• Treasury Strategy shows a commitment to purchasing Bitcoin worth $132 million in the future
• Increasing overall uncertainty in the global economy accelerates corporate adoption of Bitcoin
Technical indicators and implications for trading Bitcoin faces mixed signals with weakness appearing in the MACD indicator, while strong institutional demand shows interest in $45 billion in futures positions. The $120,000 resistance level remains critical - a breakout could lead to a move towards $130,000 amid treasury inflows. Prevailing market sentiment 82% of participants remained optimistic despite concerns over a bubble. Bitcoin's dominance is at 59.14%, reflecting increased confidence, with strategic entry opportunities appearing when the price drops below $115,000 to monitor institutional accumulation patterns.#AmericaAIActionPlan #USChinaTensions #BTCvsETH #BTRPreTGE #CryptoScamSurge $BTC