A Big Bitcoin Move Could Be on the Horizon as Both Retail and Institutional Buyers Keep Adding.

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

Bitcoin is holding steady around $108,716, but behind the calm price action, signs point to a potential breakout as both retail and institutional investors increase accumulation.

André Dragosch, European head of research at Bitwise, highlighted on Aug. 29 that corporate adoption of bitcoin is accelerating at an unprecedented pace. In July and August alone, 28 new bitcoin treasury companies emerged, adding more than 140,000 BTC to corporate holdings—almost matching the annual new supply of roughly 164,000 BTC. This shows that corporate demand is soaking up supply faster than miners produce it.

Dragosch’s data charts illustrate a steep upward curve in corporate bitcoin accumulation, reflecting the growing trend of companies treating BTC as a treasury asset, similar to Strategy (MSTR).

Some analysts have suggested bitcoin could “top out” in 2025 based on prior post-halving patterns. Dragosch argues these comparisons overlook current institutional demand. As of Aug. 29, 2025, institutional accumulation had absorbed over 690,000 BTC, compared to new supply of just over 109,000 BTC—a nearly sixfold imbalance that dwarfs historical cycle metrics.

Retail investors are also buying aggressively. On Aug. 27, Dragosch noted that accumulation across all wallet sizes—from small holders to whales—reached its highest level since April, describing the trend as “stacking relentlessly.” Historically, synchronized accumulation across retail and institutional cohorts has often preceded significant upside moves.

Despite this surge in accumulation, bitcoin has remained near $108,716 as markets await a clear catalyst for a breakout.

Price Action Highlights (Aug. 30–31)

BTC traded in a narrow $1,285 range, peaking at $109,518.96 before retracing.
Resistance held near $109,500, accompanied by a 6,077 BTC volume spike.
Support formed at $108,350–$108,400, with buyers stepping in.
Institutional participation surged, with volume hitting 8,272 BTC at 13:00 UTC.
BTC staged a two-phase breakout from $108,340 to $108,398, consolidating around $108,260–$108,350 before surpassing $108,470 resistance at 13:46 UTC.
Minor pullbacks to $108,320–$108,360 occurred during profit-taking, but prices remained above $108,380.

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