Bitcoin is holding near $112,961, steady despite a choppy week that rattled markets. The cryptocurrency trades with a daily volume of $51.2 billion and maintains a market cap above $2.25 trillion. While the dip has tested sentiment, Wall Street-linked firms and global treasuries are using the pullback to add aggressively to their Bitcoin holdings, signaling confidence that the next leg higher may not be far away.
Treasuries Double Down Despite Weakness
Several major Bitcoin treasuries announced fresh buys over the past week, undeterred by recent volatility. Strategy, led by Michael Saylor, added $99.7 million worth of Bitcoin, expanding its position even as its stock faced S&P 500 exclusion and dilution concerns.
Whereas, Japan’s Metaplanet made an even bolder move, purchasing $632 million in Bitcoin, raising its total holdings to 25,555 BTC worth roughly $3 billion.
The biggest statement came from Strive, which completed a merger with Semler Scientific and immediately allocated $675 million to BTC. The combined entity will now hold over 10,900 BTC, valued at more than $1.2 billion.
By paying a 210% premium on Semler’s stock, Strive also secured a profitable diagnostics business, but its primary focus remains building a formidable crypto treasury.
These moves highlight institutional conviction. Far from retreating, some of Bitcoin’s largest corporate holders are scaling their exposure, reinforcing market stability during downturns.
Key institutional buys this week:
Strategy: $99.7M in Bitcoin Metaplanet: $632M purchase, 25,555 BTC total Strive + Semler merger: $675M BTC buy, 10,900 BTC totalInstitutional Confidence Could Fuel ETF Push
The timing of these purchases is important. Espeically, with market regulators relaxing rules around digital asset exposure and Wall Street showing high demand for crypto-linked products, large treasuries may be setting the stage for broader ETF approval. Their confidence not only boosts sentiment but also provides a safety net against deeper sell-offs.
As more corporations follow the playbook of Strategy and Metaplanet, Bitcoin could see demand outpace supply, particularly with the capped limit of 21 million coins. If institutional inflows persist, today’s consolidation near $113K may be remembered as a prime accumulation zone.
Bitcoin Technical Picture: Key Levels to Watch
On the charts, Bitcoin is trading just under the 200-EMA at $113,450, a line that bulls need to reclaim to ease selling pressure. The 50-EMA at $115,500 is the next test, while resistance stands at $116,150 and $118,000.
Long lower wicks near $112,500 suggest dip-buying interest, but without a clear reversal candle, sellers still control momentum.
Bitcoin Price Chart – Source: TradingviewThe Relative Strength Index (RSI) at 36 shows oversold conditions, but traders want confirmation before betting on a rebound. If Bitcoin breaks below $113,000, the next supports lie at $110,850 and $108,750. On the upside, a clean break above $114,750 could set the stage for a rally back toward $120,000.
For cautious traders, patience is key. Aggressive shorts may aim for $110,800, while long setups require a bullish engulfing pattern or hammer candle near support.
Longer term, Bitcoin’s structure of higher lows since summer remains intact, suggesting the current weakness could evolve into an accumulation phase before the next rebound.
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Click Here to Participate in the PresaleThe post Bitcoin Price Prediction: Wall Street Firms Are Buying the Dip – Massive Rebound Comes Next appeared first on Cryptonews.
