As Bitcoin (BTC) enters August 2025, it is strengthening its position amidst growing concerns over a missed opportunity in Washington. Despite the release of a long-awaited White House report on cryptocurrency policy, the BTC community was left disappointed by the lack of substantial updates regarding the strategic Bitcoin reserve initiative.
White House Fails to Clarify Bitcoin Reserve
For months, Bitcoin advocates anticipated the July report on cryptocurrency policy, especially after hints of a pro-Bitcoin stance from the Trump administration earlier this year. In March, a decree announced the establishment of a strategic Bitcoin reserve, drawing comparisons to El Salvador’s bold accumulation strategy.
The community had high hopes that the report would outline measures to increase the reserve or provide details on future U.S. Bitcoin acquisitions. However, the 166-page document merely glossed over the reserve initiative, buried in its concluding section, serving more as a recap than a roadmap for expansion.
While the report included detailed proposals on regulation, banking access, and tax reforms, it notably did not address whether the U.S. would actively purchase Bitcoin as a strategic asset. This omission disappointed many within the crypto community, with several analysts describing it as a missed opportunity, especially given Bitcoin’s growing global stature.
Nevertheless, some noted that the tone of the report marked a step forward, as Bitcoin was discussed separately from other digital assets, indicating a shift in recognition.
Bitcoin (BTC) Holds Steady Amid Political Ambiguity
Despite the absence of direct governmental support through reserve accumulation, Bitcoin’s performance has remained strong. The cryptocurrency hit a new all-time high of approximately $123,000 on July 14. Following a modest correction, it has consolidated within a narrow range of $117,000 to $118,000, currently trading at $118,383.
This stable performance stands in contrast to more volatile movements in the broader cryptocurrency market, prompting speculation that Bitcoin may be gearing up for a sharp price movement. With low selling pressure and rising institutional interest, any upward momentum could quickly escalate.
Furthermore, the recently enacted GENIUS Act has bolstered Bitcoin’s trajectory by making stablecoins more accessible. Although this month’s Federal Reserve decision did not bring about rate cuts, the stable macroeconomic environment appears to offer BTC room to rebound independently.
ETF Inflows and Technical Signals Remain Bullish
The market structure continues to favor bullish sentiment. Bitcoin spot ETFs experienced massive inflows in mid-July, with over $2 billion entering the market in just two days. BlackRock’s IBIT alone manages over $80 billion in assets, making these ETFs some of the largest holders of Bitcoin, with approximately 1.4 million BTC (around 6.6% of the total supply).
On the technical front, the MVRV ratio is currently near its 365-day average of 2.2, a historically significant level preceding major rallies. Bolinger Bands are tightening, and the RSI remains neutral at 42.65, suggesting potential for price expansion.
Technically speaking, should BTC surpass $119,900, a swift return to its all-time high could ensue. Additionally, trading volume supports these prospects; in the last 24 hours alone, Bitcoin volume surged by 12%, reaching $70.3 billion. This increasing activity, along with strong long-term investor holding behavior, signals that upward pressure could intensify in the coming days.
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