Bitcoin News Today: Bitcoin Falls 2.5% to $115,000 as Treasury Firms Buy the Dip

Bitcoin experienced a pullback on Monday, falling over 2.5% from its recent peak above $124,000 to around the $115,000 level [1]. The decline, partly driven by profit-taking and cautious market sentiment, resulted in over $300 million in liquidations [5]. However, the dip has triggered aggressive buying by institutional treasury firms, which are using the lower prices as an opportunity to build long-term positions [1].

Strategy and Metaplanet, two major players in the Bitcoin treasury space, have made significant purchases recently. Strategy added 430 Bitcoin for $51.4 million, increasing its total holdings to 629,376 Bitcoin. Metaplanet also added 775 Bitcoin, bringing its total holdings to 18,888 Bitcoin [2]. Michael Saylor, co-founder of Strategy, previously signaled the firm’s intent to buy Bitcoin during the dip on social media, reinforcing its strategy of accumulating during price corrections [3].

The current $115,000 level is seen by analysts as a critical support zone, historically significant for Bitcoin’s price action [6]. Past dips, such as the one on August 2, have been followed by strong rebounds, with Bitcoin rising nearly 12% within 11 days [5]. While the price is roughly 7% below its all-time high set in mid-August, the broader cryptocurrency market remains in a strong upward trend, with Bitcoin up 96% year-to-date [1].

Bitcoin’s recent price action has also been supported by strong inflows into crypto-related investment vehicles. Last week, $3.75 billion flowed into crypto ETFs, with Ethereum-focused products attracting $2.8 billion compared to $552 million in Bitcoin-specific funds [8]. Meanwhile, European firms are increasingly entering the Bitcoin treasury market. Amdax, a Dutch crypto service provider, plans to list as a Bitcoin treasury firm on Euronext Amsterdam, highlighting the growing institutional interest in holding Bitcoin as corporate reserves [9].

The coordinated buying by treasury firms reflects a broader shift in how institutions view Bitcoin—as a strategic asset rather than a speculative trade. Despite the short-term volatility, these firms continue to add to their holdings, underscoring their long-term belief in Bitcoin’s value proposition [1].

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Source:

[1] Bitcoin Is Down and Treasury Firms Are Buying the Dip – Markets and Prices Bitcoin News https://news.bitcoin.com/bitcoin-is-down-and-treasury-firms-are-buying-the-dip/

[2] Strategy Adds $51M in Bitcoin as BTC Hits $124K Ahead of Dip https://cointelegraph.com/news/strategy-adds-51m-in-bitcoin-as-btc-hit-124k-ahead-of-dip

[3] Michael Saylor Signals Strategy Buy Bitcoin Dip https://cointelegraph.com/news/michael-saylor-signals-strategy-buy-bitcoin-dip

[5] Bitcoin Slip Triggers $300 Million in Liquidations https://finance.yahoo.com/news/bitcoin-slip-triggers-300-million-110410985.html

[6] Bitcoin Pulls Back to $115,000 Level https://sherwood.news/crypto/bitcoin-pulls-back-to-usd115-000-level/