Bitcoin has recovered from early August correction ($112K), now trading in $116-119K range
• Technical indicators show bullish momentum building with $150K analyst targets
• Institutional activity confirms trend: buy volume peaks of 2,700 BTC and positive net inflows (100-150 BTC daily)
• Long-short ratio at 57-60% bullish, suggesting cautious optimism
Solv Protocol's BTC+ Impact
• New automated vault offers 4.5-5.5% annualized Bitcoin yields without complex strategies
• Institutional backing from Binance, BlackRock and Hamilton Lane
• Targets $1 trillion in idle institutional BTC
• Integrates with Binance's DeFi ecosystem ($58B TVL, 190M wallets)
Trading Implications
• Key support established at $116,360 - critical zone for accumulation
• $119K resistance could