Bitcoin price outlook: BTC has lost key support at $110,000 and faces short-term downside toward $100,000, with rising trading volume signaling momentum. Institutional demand remains strong—firms bought six times the mined supply—suggesting long-term bullish pressure despite immediate bearish conditions.
BTC lost daily support at $110,000 and may test $100,000.
Whale sold 4,000 BTC for ETH, while trading volume rose 15% amid the decline.
Bitwise data shows institutions bought 690,710 BTC YTD vs. 109,072 BTC mined—demand outpaces supply by ~6x.
Bitcoin price outlook: BTC lost $110,000 support; institutions buying heavily. Read levels to watch and what traders should consider now. Read more.
What is the current Bitcoin price outlook?
Bitcoin price outlook shows short-term bearish momentum after BTC closed below the $110,000 daily support. Technical indicators and rising trading volume point to potential further downside toward $100,000, while institutional accumulation suggests a stronger long-term trajectory.
How is trading volume affecting the short-term trend?
Rising participation amid falling prices demonstrates strong downside conviction. BTC recorded a 15% surge in trading volume as it hovered near $108,500, which typically signals accelerating selling pressure and higher probability of continued short-term declines.
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On August 30, a whale moved 4,000 BTC in two 2,000 BTC transactions, selling BTC and accumulating ETH on the spot market. Blockchain tracker mentions (Lookonchain, X/BTC_Archive) indicate the whale added substantial ETH holdings while reducing BTC exposure—a reallocation that can increase short-term selling pressure on BTC.
Institutional demand for Bitcoin remains notable. Bitwise data shows institutions purchased 690,710 BTC YTD while miners produced 109,072 BTC in the same period, implying institutional demand is about six times available mined supply. Historical context: institutions bought 913,006 BTC in 2024 versus 217,771 BTC mined, coinciding with a 150% price rise that year.
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Source: https://en.coinotag.com/bitcoin-could-extend-short-term-downtrend-after-losing-110000-support-amid-whale-dump-and-rising-institutional-demand/