Mixed signals emerge as altcoins surge 4% versus Bitcoin’s modest 1.6% gain, hinting at potential rotation toward smaller cryptocurrencies.
Today’s Bitcoin (BTC) price analysis reveals a cryptocurrency at an inflection point. As of Thursday, August 28, 2025, Bitcoin trades at $113,170, up 1.62% on the day but facing significant on-chain resistance that could determine its near-term trajectory.
Bitcoin’s recovery from Tuesday’s seven-week lows near $108,800 reflects renewed risk appetite following the S&P 500’s fresh all-time highs and NVIDIA’s better-than-expected earnings report. The bounce has lifted BTC back toward a crucial resistance zone that analytics firm Glassnode identifies as a potential turning point.
Key Bitcoin metrics:
The cryptocurrency has recovered approximately 4% from Tuesday’s lows but remains more than 9% below its August all-time high of $124,533.
The most significant finding in today’s Bitcoin price analysis comes from Glassnode’s cost basis distribution data. “Currently, Bitcoin trades beneath the cost basis of both the 1-month ($115.6k) and 3-month ($113.6k) cohorts, leaving these investors under stress,” Glassnode reports.
This $113.6K level represents the average purchase price for investors who bought Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term within the past three months. As the price approaches this threshold, “any relief rally is therefore likely to encounter resistance, as short-term holders seek to exit at breakeven”.
Timothy Misir from BRN Analytics highlights the conflicting signals: “Spot demand remains neutral, as perpetuals tilt bearish with CVD negative. The current funding rate of ~0.01% points to a fragile neutrality”.
However, the derivatives positioning reveals concerning signs. Bitcoin’s price recovery has coincided with declining open interest in USD and USDT-denominated perpetual futures across major exchanges, while spot trading volumes remain subdued.
Despite technical headwinds, institutional demand continues absorbing significant Bitcoin supply. ETF flows show remarkable strength with $81.4 million in daily net inflows, while Ethereum ETFs attracted an even larger $307.2 million.
Paul Howard from Wincent notes the broader implications: “ETFs, corporates, and governments are now absorbing ~3,600 BTC/day, which translates to ~4x miner issuance”. This structural demand helps explain Bitcoin’s resilience despite technical challenges.
The corporate Bitcoin adoption trend continues expanding beyond traditional players. “Metaplanet announced a new plan to raise $881 million to buy $837 million BTC in Sep-Oct, adding to its 18,991 BTC,” Misir reports.
This institutional accumulation pattern creates a supply squeeze dynamic where available Bitcoin becomes increasingly scarce on exchanges, potentially amplifying price movements in both directions.
Based on my technical analysis, Bitcoin has managed to return to the consolidation range observed since July and has moved above the May highs. This development once again opens the way for a potential test of the all-time highs, although the price may encounter several key resistance levels along the way.
My bullish outlook will remain intact as long as BTC does not fall below the 200 EMA and the psychological level of $100,000.
Key technical levels:
A notable development in today’s analysis shows altcoins significantly outperforming Bitcoin. While the CoinDesk 20 Index gained just 0.82%, the CoinDesk 80 Index surged over 4%, suggesting investor rotation toward smaller cryptocurrencies.
Paul Howard from Wincent explains the broader trend: “The cryptocurrency market cap edged up above the $4 trillion driven by the potential of Solana ETF and Treasury company news alongside modest gains in $HYPE and $ETH”.
“The expansion of treasury companies across the broader value chain has begun and where we see news on Solana, expect similar opportunities to pop lower down the market cap with eyes on AVAX, SUI, APTOS for the coming 6 months,” Howard predicts.
This suggests the institutional adoption narrative is expanding beyond Bitcoin into major altcoins Altcoins Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception, countless cryptos have been launched. Many of these have met varying levels of success, though few have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There are currently over 5,000 altcoins and this number seems to grow constantly. The leading altcoins as of May 2020 are Ethereum and Ripple.In terms of structure, altcoins c Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception, countless cryptos have been launched. Many of these have met varying levels of success, though few have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There are currently over 5,000 altcoins and this number seems to grow constantly. The leading altcoins as of May 2020 are Ethereum and Ripple.In terms of structure, altcoins c Read this Term, potentially creating new leadership dynamics in the crypto market.
Howard’s analysis confirms Bitcoin remains within predicted parameters: “$BTC’s bounce off $110k keeps it within our predicted $110,000-120,000 trading range for Q3. Those who scooped some at the monthly lows should be well positioned as we move into September”.
Looking ahead, Howard anticipates significant moves: “It would be worth keeping eyes on the Bitcoin whale wallets who have been switching to $ETH this quarter as that looks to be where I expect more of the ‘blue-chip’ price action into Q4 where I expect we hit new all time highs in all the majors off the back of potential US rate cuts”.
This suggests a two-phase scenario: continued range-bound trading through Q3 followed by potential breakouts in Q4 driven by Federal Reserve policy changes.
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$113.6K represents the three-month cost basis where short-term holders may seek breakeven exits.
Yes. ETFs absorbed $81.4M daily with corporate buyers taking 3,600 BTC/day, roughly 4x miner issuance.
The CoinDesk 80 Index gained 4% vs Bitcoin’s 1.6%, suggesting rotation toward smaller cryptocurrencies and treasury company expansion.
$107K (6-month cost basis) represents critical support. A break below could trigger accelerated selling.
