Bitcoin News Today: Bitcoin Surges 1.51% as Institutional Buying Outpaces Supply

Bitcoin continued its upward trajectory on August 9, 2025, with the price trading at $118,599, up 1.51% from the previous day, as it remained within an intraday range of $116,468 to $118,919 [1]. Analysts noted that the price had already touched $118,000 earlier in the month, with key support levels under close observation to determine if the next phase would push the price toward $120,000 [2]. Market watchers remain attentive to whether Bitcoin can maintain its upward momentum amid growing institutional accumulation.

Institutional participation has intensified, with corporate and organizational treasuries significantly increasing their Bitcoin holdings. By August 8, 2025, institutional Bitcoin holdings had reached 1.86 million BTC, a notable jump from 3.64 million BTC recorded earlier in July [3][4]. This surge in institutional buying not only reinforces Bitcoin’s legitimacy as a strategic asset but also contributes to price stability and long-term investor confidence. The pace of institutional demand has now outstripped the rate at which new Bitcoin enters circulation, a development some analysts suggest could lead to a potential supply shock and further upward pressure on prices [5].

The broader crypto market has also benefitted from Bitcoin’s performance. The overall market capitalization for cryptocurrencies increased by 13.3% in July 2025, largely driven by Bitcoin’s rally and the resulting positive sentiment across altcoins [6]. The momentum extended into August, with Bitcoin maintaining a strong position above key resistance levels and experiencing substantial inflows from institutional investors [7].

Charles Edwards, founder of Capriole Investments, suggested that Bitcoin’s true value is significantly higher than its current price. Based on Bitcoin’s energy cost of production, he estimated that the fair value of Bitcoin should be near $167,800, approximately 45% above its current level [1]. This analysis reflects growing optimism among institutional investors who view Bitcoin as a store of value rather than a speculative trade.

Bitcoin’s price movement has also influenced broader market sentiment. The Fear & Greed Index reported a reading of 67, indicating bullish investor sentiment despite the absence of major announcements from Bitcoin’s core development team. Historical patterns suggest that large institutional accumulation phases often precede significant price surges, and current conditions appear to align with such a scenario [2].

Looking ahead, analysts are closely monitoring key resistance levels above $118,000. The next major target for Bitcoin is projected to be between $123,000 and $138,000 [7]. With institutional demand outpacing supply and macroeconomic factors suggesting a favorable environment, the market remains cautiously optimistic about Bitcoin’s trajectory.

Source:

[1] Bitcoin Price Holds Above $118,500 as Consolidation Tightens, https://www.tradingnews.com/news/bitcoin-price-holds-118k-usd

[2] Bitcoin Whale Adds $4.5M to Chainlink Holdings Amid 13% Price Surge, https://www.ainvest.com/news/bitcoin-news-today-bitcoin-whale-adds-4-5m-chainlink-holdings-13-price-surge-2508/

[3] Bitcoin Institutional Holdings Hit 3.64M BTC (17%), https://blockchain.news/flashnews/bitcoin-institutional-holdings-hit-3-64m-btc-17-428b-locked-in-treasuries

[4] Bitcoin Treasury Holdings Hit 1.86M BTC As Institutions Ramp Up Adoption, https://blockchainreporter.net/bitcoin-treasury-holdings-hit-1-86m-btc-as-institutions-ramp-up-adoption/

[5] Institutional BTC Buying Outpaces New Supply in 2025, https://blockchain.news/flashnews/institutional-btc-buying-reportedly-outpaces-new-supply-in-2025-signaling-potential-bitcoin-supply-shock-for-traders

[6] Cryptocurrency Market Capitalization Grows 13.3% Following Bitcoin Surge, https://yellow.com/news/cryptocurrency-market-capitalization-grows-133-following-bitcoin-surge-binance-report

[7] Bitcoin Price (BTC-USD) Eyes $123K Breakout as Price Holds Above Key Resistance, https://www.tradingnews.com/news/bitcoin-price-holds-117k-usd