Bitcoin Looks Set for a Significant Rally Amid Relentless Buying by Retail and Institutions.

Bitcoin Accumulation by Retail and Institutions Suggests Potential Breakout Near $109K

Bitcoin is holding steady around $108,716, yet underlying accumulation by both retail and institutional investors points to a potential breakout.

André Dragosch, European head of research at Bitwise, highlighted on Aug. 29 that corporate adoption of bitcoin is accelerating at historic levels. In July and August alone, 28 new bitcoin treasury companies emerged, adding over 140,000 BTC—almost equal to the annual new supply of roughly 164,000 BTC—demonstrating that corporate demand is absorbing bitcoin faster than it is mined.

Dragosch’s charts show a steep rise in corporate holdings, signaling that companies increasingly view BTC as a reserve asset, similar to Strategy (MSTR).

While some analysts anticipate a 2025 “top” based on post-halving cycles, Dragosch argues that institutional demand today dwarfs historical patterns. As of Aug. 29, institutional accumulation had exceeded 690,000 BTC, compared with just over 109,000 BTC in new supply—roughly six times the available supply.

Retail accumulation is also reaching highs. On Aug. 27, Dragosch reported that accumulation across all wallet cohorts—from small holders to whales—hit levels not seen since April. He described investors as “stacking relentlessly,” aligning with institutional flows, a pattern historically preceding significant upside moves.

Despite this broad accumulation, bitcoin remains near $108,716 as markets await fresh catalysts.

Price Action Summary (Aug. 30–31)

• BTC traded in a $1,285 range, peaking at $109,518.96 before retreating.
• Resistance held near $109,500, with a 6,077 BTC volume spike.
• Support formed at $108,350–$108,400, where buyers stepped in.
• Institutional participation surged, with volume reaching 8,272 BTC at 13:00 UTC.
• BTC broke above $108,470 resistance at 13:46 UTC following a consolidation phase around $108,260–$108,350.
• Profit-taking caused minor pullbacks to $108,320–$108,360, but prices held above $108,380.

Volatility remains high after August’s sharp drop from $124,500. BTC still faces key resistance at $110,500, and analysts caution that a test of the $100,000 psychological level cannot be ruled out.