Major Bitcoin Breakout Could be Brewing as Retail and Institutions Stack ‘Relentlessly’

Major Bitcoin Breakout Could be Brewing as Retail and Institutions Stack ‘Relentlessly’

Bitcoin accumulation by retail and institutions is hitting highs, with one analyst saying it could set the stage for a major breakout as price steadies near $109,000

Updated Aug 31, 2025, 6:49 p.m. Published Aug 31, 2025, 5:15 p.m.

Bitcoin is holding steady around $108,716, according to CoinDesk Data, but behind the flat price action are signs of a potential breakout as both retail and institutions ramp up accumulation.

On Aug. 29, André Dragosch, European head of research at Bitwise, noted that corporate adoption of bitcoin has accelerated at a historic pace. He said that July and August alone saw the creation of 28 new bitcoin treasury companies and an increase of more than 140,000 BTC in aggregate corporate holdings.

That figure is nearly equivalent to the total amount of new bitcoin mined in a year (which is around 164,000 BTC), underscoring how demand from treasuries is soaking up supply faster than it is produced.

The accompanying Bitwise chart showed a steep upward curve, highlighting how companies are increasingly treating bitcoin as a reserve asset in the mold of Michael Saylors’ Strategy (MSTR).

Moments later, Dragosch addressed a popular narrative among analysts that bitcoin could “top out” in 2025 because of post-halving cycle patterns seen in earlier years. He argued that such thinking overlooks the scale of institutional demand today.

His chart showed that as of Aug. 29, 2025, institutional demand has absorbed over 690,000 BTC, compared with a new supply of just over 109,000 BTC, making demand roughly 6.3 times larger than supply.

While Dragosch described it as nearly seven times, the precise ratio still illustrates an extraordinary imbalance that challenges historical cycle comparisons. For investors, the implication is that halving-driven supply dynamics may matter less in the current era of institutional adoption.

Two days earlier, on Aug. 27, Dragosch pointed to retail buying as another driver. He said the rate of accumulation across all bitcoin wallet cohorts — from small holders to whales — had reached its highest level since April. In his words, investors appear to be “stacking relentlessly.”

The Bitwise chart attached showed sharp upward moves across wallet groups, suggesting that retail demand is lining up with institutional flows. Historically, synchronized accumulation across cohorts has often preceded major upside moves, making the current environment notable for bulls.

Despite the accumulation of data, bitcoin is little changed at $108,716 in the past 24 hours, according to CoinDesk Data, as markets await clearer catalysts.

• According to CoinDesk Research’s technical analysis data model, between Aug. 30 15:00 UTC and Aug. 31 14:00 UTC, bitcoin traded in a narrow $1,285 range, peaking at $109,518.96 before retreating.
• Resistance held firm near $109,500 on a volume spike of 6,077 BTC.Support formed around $108,350–$108,400, where buyers stepped in.
• A surge in volume to 8,272 BTC at 13:00 UTC pointed to institutional participation at these levels.
• In the final hour of the analysis period, BTC broke higher from $108,340.08 to $108,398.41, with a two-phase move: consolidation around $108,260–$108,350, followed by a breakout above $108,470 resistance at 13:46 UTC.
• Profit-taking created pullbacks to the $108,320–$108,360 range, but sustained buying kept prices above $108,380 into the close.
• Volatility remains elevated after the sharp drop from $124,500 earlier in August.
• BTC is still below key $110,500 resistance, and analysts caution that a test of the $100,000 psychological level cannot be ruled out.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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