Charles Edwards, founder of Capriole Investments, has forecast a rise in the price of the leading cryptocurrency within a week. He attributes this to a surge in purchases by institutional investors on the Coinbase exchange.
Shut the front door. Yesterday institutional Bitcoin buying represented 75% of Coinbase’s volume. All readings above 75% have seen higher prices one week later. pic.twitter.com/mxV5RuO7PC
— Charles Edwards (@caprioleio) August 13, 2025
According to Edwards, on August 12, 75% of trading volume on the platform was attributed to whales. He noted that historically, all readings above this level have led to price increases within a week.
Capriole analysts calculated that the “excess demand” from large players this week exceeded the daily issuance of new bitcoins (about 450 BTC) by six times.
On August 12 alone, corporate holders added 810 BTC to their reserves. The day before, the figure was nearly 3000 BTC.
Investor activity coincided with the release of U.S. inflation data, which came in below expectations. Edwards believes this has strengthened market confidence in a rate cut by the Fed next month.
Because yesterday inflation was as expected, which means its a certainty the Fed will cut rates next month, and probably 3 times this year. Market is now assessing possibility of a large 0.5% cut even, given the poor job backdrop. Rates down = risk assets up, and Bitcoin is the…
— Charles Edwards (@caprioleio) August 13, 2025
He added that lower rates increase the appeal of risk assets, and Bitcoin has historically been the “fastest horse.”
Data from the CME FedWatch Tool indicates that market participants expect a 0.25% rate cut in September.
QCP Capital noted that the market has already priced in a rate cut of about 0.6% for 2025. Investors await further signals on the regulator’s plans from the Jackson Hole symposium on August 21-23.
On August 12, the price of digital gold fell by 2%. Analyst and MN Trading founder Michaël van de Poppe described this movement as a “rather ugly daily candle” and suggested a potential decline to $116,800.