Cathie Wood Suggests Bitcoin Bottom May Be In as Institutions Accumulate
Cathie Wood of ARK Invest suggests that Bitcoin's bottom may be in as the price hovers around $86,000 and institutions could trigger the next bull run into 2026.
Data from Glassnode reveals that institutions control 29.8% of the total Bitcoin supply, with public companies holding over 1 million BTC, US spot ETFs custodying 1.31 million BTC, and exchanges holding nearly 3 million BTC.
Bitcoin is currently trading beneath the short-term holders’ realized price of $104,000, indicating that recent entrants are in loss. Nonetheless, institutions continue to accumulate Bitcoin.
MicroStrategy purchased 10,645 BTC valued at $980.3 million between December 8 and 14, at an average price of $92,098 per BTC. Eric Trump’s World Liberty Financial also increased its holdings by purchasing 416 BTC, bringing its total to 5,000 BTC.
On the daily chart, Bitcoin shows signs of recovery, breaking above a short-term descending trendline and maintaining above a low-$80,000 demand zone. However, upside movement is constrained by near-term resistance.
The key near-term resistance level is the short-term holders’ realized price around $104,000. If Bitcoin remains below this level, the upside target may be the $92,000–$98,000 range. A sustained rally would require reclaiming the $100,000–$104,000 range on strong volume.
The Relative Strength Index (RSI) has risen from oversold levels but remains below 50, signaling improving momentum without a full bullish reset.
Last updated: December 16, 2025.
