Last week, Bitcoin (BTC) experienced a slight price rebound, peaking at $113,000, before facing a minor retreat. Currently, it trades around $111,000, marking a 10.46% distance from its all-time high. Meanwhile, recent data from blockchain analytics firm CryptoQuant has highlighted an intriguing trend in the accumulation activities of Bitcoin treasuries.
Key Points
- Bitcoin treasury holdings reached a new record of 840,000 BTC in 2025.
- Institutional purchasing activities have significantly slowed down, particularly with Strategy reducing their buying pace by 97%.
- Other companies also showed caution in August, purchasing only 14,800 BTC, far below earlier peaks in 2025.
- Despite record holdings, new institutional money appears to be drying up.
- Bitcoin faces resistance, with short-term challenges in breaking the $113,700 key level.
In its recent weekly report, CryptoQuant noted that the combined Bitcoin treasury holdings by public and private companies have reached an unprecedented high, reflecting substantial institutional interest. However, this surge in holdings is accompanied by a marked shift in purchasing dynamics, especially with Strategy, which has seen a drastic decrease in its buying rate from an all-time high of 134,000 BTC in November 2024 to just 3,700 BTC in August 2025. Other treasuries contributed 14,800 BTC in August, but these figures are still significantly lower compared to earlier peaks in 2025. This data indicates that while total holdings are at record levels, the inflow of new institutional capital appears to be diminishing.
This shift in market dynamics may stem from uncertainty about future price movements. While the narrative of Bitcoin as a treasury reserve asset remains, the hesitance shown by institutions to allocate further capital could potentially lead to larger market fluctuations. This cautious behavior raises concerns regarding how these treasury companies might operate during the anticipated crypto winter.
Currently, Bitcoin is trading at $110,942, up 0.48% over the last 24 hours, with daily trading volumes increasing by 4.56% to $61.05 billion. However, a 3.76% monthly loss underscores its fragile momentum. Investors should remain vigilant, particularly regarding the key resistance level of $113,700.
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In summary, the Bitcoin market is at a crucial turning point. While treasury holdings are at record levels, the appetite for further institutional purchases appears to be waning. Investors are advised to tread carefully and closely monitor market developments to capitalize on potential opportunities.