Bitcoin News Today: Bitcoin's Institutional Push Could Define Its $120K Comeback

Bitcoin’s recent price movement has drawn significant attention from market participants, particularly as the asset stabilizes around key support levels and shows potential for a breakout. As of late August 2025, Bitcoin (BTC) is trading in a range between $112,482 and $114,726, with the $112,000 level acting as a critical support zone [2]. According to on-chain analytics firm Glassnode, this range represents a dense supply cluster accumulated since early July, making it a pivotal area to watch for near-term momentum and risk management [3]. Should Bitcoin hold above this level into and through Federal Reserve Chair Jerome Powell’s Jackson Hole speech, a retest of the $120,000 level could become a realistic scenario [2].

The current market dynamics highlight a divergence between the crypto and traditional equity markets. While major stock indices like the S&P 500 and Nasdaq continue to experience declines, crypto assets have rebounded from August lows. Bitcoin and Ethereum, in particular, have demonstrated resilience, with ETH showing signs of leadership in this recovery. Over the past 24 hours, Bitcoin stabilized around the $113,000–$115,000 band, while Ethereum pushed higher intraday [2]. This contrast in performance has drawn attention to the potential for crypto to serve as an on-chain risk asset amid macroeconomic uncertainty.

One of the key drivers behind the recent rebound is the surge in ETF and institutional flows into the digital asset space. Data shows that digital asset funds attracted approximately $3.75 billion in inflows last week, with Ethereum leading the charge at $2.87 billion [2]. These flows have been a consistent tailwind for the market, particularly during pullbacks, and suggest continued institutional confidence in the sector. Additionally, corporate interest has grown, with notable purchases such as Hong Kong’s Mingcheng Group acquiring $483 million in BTC [2]. Such actions reinforce the narrative of digital assets being integrated into institutional portfolios.

From a technical perspective, the market is currently in a post-all-time-high contraction phase, where short-term price action is heavily influenced by the behavior of top buyers. Glassnode notes that the $113,000–$120,000 range is critical for assessing whether a local bottom can form [3]. If buyers in this range hold firm amid rising unrealized losses, it could trigger a reversal. Alternatively, a breakdown below this cluster might accelerate downward momentum. On-chain metrics, including the Spent Output Profit Ratio (SOPR), indicate that widespread loss-taking could signal a potential market bottom [3].

Looking ahead, the path for Bitcoin remains contingent on both technical and macroeconomic factors. If Bitcoin maintains its position above $112,000 and equities stabilize, a retest of $120,000 becomes plausible. This would likely see Ethereum testing levels around $4,400–$4,500, given its leadership in ETF inflows and rotation into higher-beta altcoins like Dogecoin and XRP [2]. However, risks persist, particularly with the Jackson Hole speech and Fed minutes looming, which could introduce volatility and potentially shift capital out of risk assets [2].

Source:

[1] title1 (https://cryptonews.com/news/bitcoin-price-prediction-btc-price-rebounds-above-113k-is-120k-in-sight-today/)

[2] title2 (https://www.mitrade.com/insights/news/live-news/article-3-1059550-20250822)

[3] title3 (https://blockchain.news/flashnews/bitcoin-btc-local-bottom-watch-113k-120k-supply-cluster-marks-key-zone-in-post-ath-contraction-glassnode-says)