Bitcoin News Today: Matrixport Forecasts Bitcoin Surge to $116,000 Amid Institutional Adoption, Despite Seasonal Slump

Matrixport, a cryptocurrency financial services firm, has projected that Bitcoin could surge to $116,000 in 2023, despite acknowledging seasonal market challenges that may temper gains in August and September. The firm’s analysis, released on July 25, 2025, emphasizes that while historical trends show weaker returns during these months—attributed to profit-taking and cautious trading behavior—the broader 12-month outlook for Bitcoin remains bullish [1]. The firm’s $116,000 target is aligned with recent market movements, which have seen Bitcoin trade near $115,000, testing key support levels amid institutional accumulation and whale activity [1].

The prediction accounts for recurring seasonal patterns, where Bitcoin’s average returns in August and September have been near zero over the past decade. This historical weakness is linked to reduced liquidity and trader behavior, with many opting to secure profits during these periods. However, Matrixport argues that the current macroeconomic environment, including institutional adoption and ETF inflows, could amplify Bitcoin’s upside potential beyond these seasonal constraints. The firm also highlights that less than 5.3% of Bitcoin’s total supply remains unmined, reinforcing its scarcity-driven value proposition during consolidation phases [1].

Upcoming events are expected to influence Bitcoin’s volatility in the near term. Key catalysts include the delayed release of the White House’s digital asset report, U.S. stock earnings disclosures, and the Federal Reserve’s interest rate decision. These developments could heighten market fluctuations, particularly if policy outcomes deviate from expectations. Matrixport notes that traders should remain vigilant about such triggers, which may either support or challenge the $116,000 target [1].

While the firm acknowledges short-term risks—such as regulatory shifts and macroeconomic data releases—it maintains that Bitcoin’s correlation with global liquidity trends and its role as an inflation hedge remain intact. Institutional demand has further strengthened the case for Bitcoin, with companies like Strategy (formerly MicroStrategy) and MARA Holdings expanding their treasuries. These moves, combined with a potential trade truce between the U.S. and China, could stabilize broader market sentiment [1].

The analysis underscores the importance of distinguishing between short-term corrections and long-term fundamentals. Matrixport’s bullish stance is grounded in observable trends, including maturing institutional infrastructure and Bitcoin’s growing acceptance as a strategic asset. By framing the $116,000 target as a potential inflection point, the firm suggests that the summer slowdown may create disciplined investment opportunities rather than act as a barrier to growth [1].

Sources:

[1] "Is Bitcoin’s Summer Slowdown a Buying Opportunity?" Bitcoin News | CryptoDnes, July 25, 2025. [https://cryptodnes.bg/en/news/bitcoin/](https://cryptodnes.bg/en/news/bitcoin/)