- White House report omitted Bitcoin reserve update.
- BTC holds steady near $118k with bullish technical signals.
- ETF inflows and low selling pressure fuel price optimism.
Bitcoin (BTC) is entering August 2025 in a position of strength, despite growing anticipation over a missed opportunity in Washington.
On July 31, the White House released its long-awaited crypto policy report, but to the dismay of Bitcoin advocates, it made no substantive update on the Strategic Bitcoin Reserve initiative first announced in March.
Nevertheless, as the federal silence lingered, market indicators revealed that BTC could be gearing up for another bullish breakout.
This disconnect between regulatory direction and market performance is reshaping sentiment as traders weigh both political cues and on-chain metrics.
White House fails to clarify on BTC reserve
For months, Bitcoin supporters had looked forward to the July crypto policy report, especially after the Trump administration signalled a pro-Bitcoin stance earlier this year.
In March, an executive order established the Strategic Bitcoin Reserve, drawing comparisons to El Salvador’s bold accumulation strategy.
Hopes were high that the report would outline further steps to expand the reserve or detail future BTC acquisitions by the US government.
However, the 166-page report only briefly mentioned the reserve initiative. Tucked away in its final section, the mention served more as a recap than an expansion plan.
While the document introduced detailed proposals on regulation, banking access, and tax reform, it failed to address whether the US would actively purchase Bitcoin as a strategic asset.
The omission disappointed many in the crypto community. Several analysts called it a missed opportunity, especially given Bitcoin’s growing stature on the global asset leaderboard.
Still, others viewed the report’s tone as a step forward, with Bitcoin now being discussed independently from other digital assets — a clear sign of evolving recognition.
Bitcoin (BTC) is resilient despite political ambiguity
Even without direct government support through reserve accumulation, Bitcoin’s performance remains robust.
The cryptocurrency surged to a new all-time high of approximately $123,000 on July 14.
After a modest correction, it has been consolidating in a tight range between $117,000 and $118,000, currently trading at $118,383.
This steady behaviour comes even as the broader crypto market has experienced more dramatic swings.
The contrast has sparked speculation that Bitcoin’s price is preparing for a sharp move. Given the current low selling pressure and increased institutional interest, any upward shift could gather momentum quickly.
The GENIUS Act, signed recently into law, also added to Bitcoin’s tailwinds by making stablecoins more accessible.
Although rate cuts did not materialise in the latest Federal Reserve decision, the steady macro environment appears to be offering BTC room to rally independently.
ETF inflows and technical signals remain bullish
Market structure continues to favour the bulls. Spot Bitcoin ETFs saw massive inflows in mid-July, with over $2 billion entering the market in just two days.
BlackRock’s IBIT alone now holds more than $80 billion in assets under management. These ETFs are now among the largest Bitcoin holders, owning around 1.4 million BTC — roughly 6.6% of the total supply.
On the technical side, the MVRV ratio currently sits near its 365-day average at 2.2, historically a level that precedes major rallies.
Bollinger Bands are tightening, and the RSI remains neutral at 42.65, suggesting there’s still room for price expansion.
Going by the technical analysis, if BTC breaks above $119,900, a return to its all-time high could be swift.
Trade volume also supports this outlook. In the past 24 hours alone, Bitcoin’s volume rose by 12%, reaching $70.3 billion.
This growing activity, paired with strong holding behaviour among long-term investors, signals that upward pressure could intensify in the coming days.
Read the full article here
