Recent on-chain and ETF flow data reveal a surge in bitcoin accumulation across both retail and institutional cohorts. Analysis by Bitwise Asset Management shows that July and August 2025 saw the creation of 28 new corporate treasury firms and the addition of 140,600 BTC, nearly equating to annual new supply of 164,000 BTC. This level of aggregated buying underscores unprecedented demand dynamics in the post-halving era.
Bitcoin’s price action has remained relatively flat near $109,000, reflecting a balance between renewed accumulation and profit-taking pressures. Despite this stability, technical indicators—such as rising on-chain transfer volumes and tightening RSI readings—signal potential energy building beneath the surface. Institutional demand, driven by spot ETF inflows totaling over 1.3 million BTC year-to-date, has absorbed more than six times the daily issuance rate, challenging historical cycle comparisons.
Retail cohorts are also stacking bitcoin at an accelerated pace. On-chain wallet cohort analyses indicate that accumulation rates for small-holder, mid-tier, and whale addresses all reached multi-month highs. Such synchronized demand across wallet sizes often precedes major directional moves, as historically observed in past bull cycles. Combined with institutional flows, this convergence may catalyze a technical breakout once short-term resistance around $109,600 is cleared.
Market participants are monitoring key catalysts, including potential Fed rate cuts, macroeconomic data releases, and regulatory developments. Should these conditions align, the imbalance between robust demand and limited supply could drive bitcoin above current ranges, potentially revisiting all-time highs. While headwinds remain—such as profit-taking by large holders and macro volatility—the prevailing narrative centers on sustained stacking by both retail and institutions, positioning bitcoin for a significant breakout in the coming weeks.
Comments (0)