- Bitcoin breaks $113,923 as 315,830 BTC exits exchanges, tightening supply and supporting the rally’s upward pressure.
- Treasury wallets now hold 800,000+ BTC after 18 months of steady buildup, showing clear long-term institutional confidence.
- Prices are climbing while exchange balances stay flat, proving holders aren’t rushing to sell into strength.
Bitcoin reached a new all-time high of $113,923 as over 315,000 BTC left exchanges in four months. Treasury holdings also climbed above 800,000 BTC, marking two major institutional milestones in July 2025.
Price Surges as Supply on Exchanges Shrinks
Bitcoin’s recent climb has been supported by a consistent drawdown in exchange balances across major platforms. According to a post by Cointelegraph, 315,830 BTC have exited centralized exchanges over the past four months. That shift cut available supply by 21% over the same period. Most of the withdrawn BTC is moving into long-term storage.
While spot demand increases, fewer coins are circulating on platforms where they could be sold. That reduced sell-side liquidity is contributing to price support near the $113,000 zone. Moreover, Bitcoin’s supply trend has remained flat even as prices surge to fresh highs. The consistent accumulation by long-term holders reinforces conviction in the ongoing rally. Traders now view the lack of exchange inflow as a strong confirmation of structural strength.
Treasury Holdings Top 800K BTC in 18-Month Climb
Such shifts are prompting firms to recalibrate strategies around treasury management and asset exposure. According to a report by CoreDAO, corporate treasuries now hold more than 800,000 BTC as of July 2025. The data covers accumulation trends beginning January 2024 through the latest monthly update.
In early 2024, total BTC holdings by treasury entities remained under 500,000 BTC for several months. However, starting in October 2024, the pace of accumulation began rising sharply. Holdings moved past 600,000 BTC by the end of Q4 and accelerated further into 2025.
By April 2025, treasury-held Bitcoin went over 700,000 BTC and kept rising through May and June. In July, total holdings crossed 800,000 BTC. The rise reflects sustained accumulation by companies and institutions.
Market Confidence Rises With Bullish Structural Alignment
Long-term holders are holding onto their BTC, even with prices at record highs. This shows clear conviction in Bitcoin’s value. Reduced exchange float and institutional treasury stacking now form the backbone of BTC’s price structure.
The combination of rising spot price, shrinking exchange supply, and growing treasury ownership signals a well-supported market phase. These converging trends have created a bullish structural alignment as Bitcoin holds firm above $113,000.
