Bitcoin (BTC) has made a strong recovery after falling to a low of $109,321 on 0 flagship cryptocurrency bounced almost 2% during the ongoing session to reclaim $112,000 and is trading around $112,558. If BTC continues rising, it could indicate easing selling pressure among long-term 1 cryptocurrency faced substantial selling pressure as large holders rotated capital into 2 Ventures Launches $1B Bitcoin (BTC) Fund Sora Ventures has announced the launch of a dedicated Bitcoin (BTC) 3 fund is backed by an initial $200 million from partners and investors, and aims to raise $1 billion worth of BTC within the next six 4 to Sora Venture’s announcement, the fund is a centralized pool of institutional capital, a clear shift from earlier efforts, which saw individual companies accumulate Bitcoin directly on their balance sheets.
“JUST IN: Taiwanese Sora Ventures announces plan to buy $1 billion worth of Bitcoin for their treasury over the next 6 months.” Several firms, including Metaplanet, Moon Inc., DV8, and BitPlanet, have adopted similar 5 Liu, partner at Sora Ventures, stated, “This is the first time that Asia has seen a commitment of this magnitude toward building a network of Bitcoin treasury firms, with capital commitment towards Asia’s first $1 billion treasury fund.” The fund is indicative of Asia’s bid to position itself in the institutional Bitcoin investment 6 to Jason Fang, founder and managing partner of Sora Ventures, the initiative is an effort to address fragmented industry efforts across 7 stated, “This is the first time in history that institutional money has come together, from local to regional, and now to a global stage.” Corporate Bitcoin Treasuries Hit $1 Million BTC Milestone Corporate Bitcoin treasuries now hold over 1 million BTC , worth a staggering $110,000 billion at current prices, according to data from Bitcoin 8 means public firms hold 5% of Bitcoin’s circulating 9 Saylor’s Strategy is the clear leader, holding more BTC than all the other firms 10 company currently has a staggering 636,505 BTC , valued at over $70 11 Holdings is a distant second with 50,639 BTC worth $5.6 12 treasury firm XXI and Bitcoin Standard are the next largest holders with $4.8 billion and $3.3 billion, 13 Markets Open Flat US stocks traded flat in early exchanges on Thursday as Wall Street assessed the latest job data, which showed a drop in private payroll 14 benchmark S&P 500 index was up 0.1%, while the Nasdaq Composite gained 0.2%.
The Dow Jones Industrial Average flipped to green after futures dipped, putting renewed pressure on the bulls on Thursday. However, the index flattened out as the markets analyzed the August private payrolls 15 August private payrolls report showed an increase of only 54,000 jobs, compared to predictions of 75,000 16 to analysts, the numbers show a substantial decline from the revised figure of 106,000 in 17 Richardson, chief economist at data firm ADP, stated, “The year started with strong job growth, but that momentum has been whipsawed by uncertainty.” Bitcoin (BTC) Price Analysis Bitcoin (BTC) has reclaimed $112,000 during the ongoing session as the broader market 18 flagship cryptocurrency is up over 2%, trading above the $113,000 19 faced substantial selling pressure and volatility since setting a new all-time 20 fell to a low of $107,469 last week before bouncing back above $110,000.
The intense volatility and selling pressure were triggered by macroeconomic conditions and profit-taking by long-term 21 risk-off sentiment also impacted the derivatives market, which also saw a substantial decline. Bitcoin’s Open Interest (OI) Average has also dropped to $79 billion after peaking around $88 22 to analysts, the current recovery is due to easing selling pressure, especially among long-term 23 from CryptoQuant highlighted noticeable flows from long-dormant wallets, stating, “This cycle has once again confirmed that long-term holders, or even dormant BTC , continue to represent a powerful selling pressure, still capable of shaking the market.” The analysts added that if selling pressure continued dropping, it could allow for a renewed push towards $115,000-$120,000.
“If this selling pressure keeps easing, it will certainly provide relief to the market and may allow for a renewed move higher, provided demand steps in.” Market insight company Swissblocks believes resistance at upper levels was thinning, and a move to $115,000 could be a 24 stated on X, “Bitcoin is breaking out from the critical zone: a straight slide to $100K was never the base 25 wall resisted until now. Above, there is the $113,600–$115,600 26 a pullback, price needs fresh momentum to clear it, then contend with heavy resistance into $118K.” BTC registered a sharp drop on Sunday (August 24), falling to an intraday low of $110,635 before settling at $113,478.
Bearish sentiment intensified on Monday as the price fell nearly 3% and settled at $110,127. BTC faced volatility on Tuesday as buyers and sellers struggled to establish 27 ultimately gained the upper hand as the price rose 1.51% to $111,788. BTC was back in the red on Wednesday, dropping 0.48% and settling at $111,253. It recovered on Thursday, rising 1.19% to reach an intraday high of $113,480 before settling at $112,574.
Bearish sentiment returned on Friday as BTC fell nearly 4%, losing the crucial $110,000 level and settling at $108,378.
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