Bitcoin regained momentum, climbing 2.20% in the past 24 hours to trade at $110,245, outpacing the broader crypto market’s 1.74% gain.
The rebound comes after last week’s volatility, with analysts pointing to institutional expansion, strong ETF inflows, and renewed whale demand as key drivers.
Institutional custody builds momentum
Anchorage Digital and Galaxy Digital, two of the sector’s largest custodians, reported a surge in institutional participation. Anchorage is now safeguarding Trump Media’s crypto reserves, while Galaxy manages over $1.8 billion in Bitcoin. Traditional finance is also moving in, BNY, which oversees $52 trillion in assets, continues building out digital custody services. Analysts argue that growing custody adoption tightens liquidity and reinforces Bitcoin’s role as a long-term institutional asset.
ETF inflows remain strong
Spot Bitcoin ETFs added over $524 million this week, led by BlackRock. In August alone, U.S. ETFs saw $231 million in net inflows, pushing global Bitcoin ETF assets to $141.75 billion. These inflows have helped offset post-halving miner selling. However, liquidity remains thinner compared to 2024, with Bitcoin’s turnover ratio sitting at 0.0299. Analysts are watching the spot-to-perpetual futures volume ratio, now at 0.41, as an indicator of whether buying pressure is sustainable.
Whale accumulation adds weight
On-chain data shows new whale cohorts have purchased over 218,000 BTC since March, a sign of confidence in long-term price appreciation. Combined with institutional and ETF demand, these inflows suggest that Bitcoin’s return above $110,000 may mark the beginning of a more durable recovery.
