Coinbase Insights: Bitcoin Eyes $104K as Institutional Accumulation Persists

Bitcoin is currently trading NEAR $102,100 as the market processes mixed signals. Despite a slowdown in October, corporate treasuries continue to accumulate BTC, with MicroStrategy leading the pack despite its share of corporate holdings dropping to 60%. Morgan Stanley has issued a warning about potential profit-taking risks, while technical analysis indicates a possible breakout toward $104,000. MicroStrategy's substantial treasury of 640,808 BTC remains a dominant force in the industry. This ongoing institutional accumulation, coupled with bullish technical patterns, suggests a promising outlook for Bitcoin's price trajectory.

Bitcoin Price Prediction: $104K Breakout Looms Amid Institutional Accumulation

Bitcoin hovers near $102,100 as markets digest conflicting signals. Corporate treasuries continue accumulating BTC despite October's slowdown, with MicroStrategy maintaining dominance despite its share dropping to 60% of corporate holdings. Morgan Stanley warns of profit-taking risks while technical patterns suggest a potential breakout toward $104,000.

MicroStrategy's 640,808 BTC treasury remains industry-leading but increasingly contested. Japan's Metaplanet emerged as October's most aggressive accumulator with 5,268 BTC, while Coinbase added 2,772 BTC. The corporate buying pace has cooled to 2025's lowest monthly level at 14,447 BTC.

Fidelity Digital Assets observes sustained institutional interest even as the stronger dollar creates headwinds. The symmetrical triangle formation on BTC charts keeps traders anticipating upward resolution, contrasting with Wall Street's cautious stance during this consolidation phase.

Coinbase Business Expands to Singapore with Standard Chartered Backing

Coinbase has launched its 'Coinbase Business' platform in Singapore, marking its first international expansion outside the US. The service, designed for startups and small businesses, offers crypto-native financial solutions, including USDC payouts and direct digital asset trading from operating accounts.

Standard Chartered, a major British bank, will serve as the banking partner for this expansion. Singapore's reputation as a digital innovation hub and financial gateway to Asia made it a strategic choice for Coinbase's global rollout.