According to Edwards, on August 12, institutional players accounted for 75% of total trading volume on the exchange. Historically, whenever whale activity surpassed this threshold, Bitcoin’s price tended to rally within days. Analysts at Capriole calculated that this week’s excess demand exceeded daily issuance by six times, roughly 450 BTC. On the same day, corporate holders added 810 BTC to reserves, following nearly 3,000 BTC the day before.

This surge in activity coincided with the release of U.S. inflation data that came in below expectations. Edwards noted that this reinforced market confidence in a Fed rate cut next month. “Lower rates boost appetite for risk assets, and historically Bitcoin has been the fastest horse in the race,” he said.

Data from the CME FedWatch Tool shows traders are pricing in a 0.25% cut in September. Analysts at QCP Capital added that the market has already priced in about 0.6% worth of cuts for 2025. Investors are now awaiting further signals from the upcoming Jackson Hole symposium on August 21–23.

Previously, FORECK.INFO explained the post-ATH roadmap for Bitcoin — focusing on the key price levels and signals traders watch once BTC drops back under $120K.