Bitcoin displays market stability with a bounce off the key support level at $114,724. Chart parameters indicate a potentially bullish structure.
Key Support Levels for Bitcoin
Currently trading at $114,840, Bitcoin shows a slight 0.07% uptick in the last hour, with daily losses of 0.75% and weekly losses of 3.01%. The support level at $114,724 is proving critical as maintaining above it could confirm a bullish trend.
Short Position Risks and Possible Squeeze
Data from Coinglass indicates over $10 billion in Bitcoin short positions are at risk. The area around $125,000 is highlighted as key for a potential short squeeze, which could lead to a surge in buying.
ETF Demand and Market Support
Institutional demand remains high as Bitcoin ETFs absorbed 41,000 BTC in August 2025, three times the monthly issuance. Total ETF holdings have now reached 1,468,330 BTC, reflecting steady institutional inflows and creating strong levels of support.
In conclusion, Bitcoin demonstrates promising signs of a bullish market with stable support levels and growing demand from ETFs, which could further strengthen the asset's position.
