Bitcoin Price Stuck at $97K While Institutions Drop $2.05B – Big Move Ahead?

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Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

Part of the Team Since

Sep 2022

About Author

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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Last updated: 

February 13, 2025

Bitcoin (BTC) continues to hover below the critical $97,000 resistance level, with the price currently at $96,772.18 after a modest 1.10% gain.

Daily trading volume has reached $48.43 billion, reflecting ongoing market interest despite lackluster price action.

The recent release of U.S. core CPI data, which showed inflation at 3.0% versus the anticipated 2.9%, has added downward pressure, prompting cautious sentiment among investors.

Institutional Interest Surges: Goldman Sachs Bets Big on Bitcoin

Despite the stagnant price action, institutional players are doubling down on Bitcoin. Goldman Sachs recently increased its Bitcoin ETF holdings to $2.05 billion, marking a 121.1% growth from the previous quarter.

The bank’s portfolio now includes $1.57 billion in assets across multiple ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin ETF (FBTC).

This surge in institutional participation signals confidence in Bitcoin’s long-term growth potential, even amid short-term volatility.

Bitcoin Supply Shrinks as Demand Rises

Bitcoin’s supply on exchanges has dropped to a two-year low, with only 2.5 million BTC available. Approximately 69% of the total supply is now held by individual investors, limiting the availability of tradable Bitcoin.

This supply crunch, coupled with rising institutional interest, could set the stage for a significant price rally.

If Bitcoin breaks above $97,200, the next target is $100,000; however, a dip below $95,000 might trigger liquidations exceeding $1.52 billion.

Bitcoin Price Outlook – February 13, 2025

Bitcoin (BTC/USD) is trading at $96,120, displaying a cautious stance within a symmetrical triangle formation. The 50-EMA at $96,770 is acting as dynamic resistance, capping upward moves. Immediate support lies at $95,100, with a potential drop toward $93,566 if selling pressure intensifies.

A break above $96,900 could target resistance at $98,900, while a move past this level might open the door to the psychological $100,600 zone.

The tightening pattern suggests a breakout is imminent, with the triangle apex approaching. Traders should watch for increased volume to confirm a potential breakout direction.

Key Insights:

• Bitcoin hovers near $96,125, testing critical resistance at $96,919.
• Symmetrical triangle pattern signals an impending breakout.
• Support at $95,100 could lead to $93,550 if broken.

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