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From KOSDAQ to Crypto: Bitplanet’s 10,000 BTC Goal & Technicals Eye $126K

Becoming the first publicly listed Korean corporation to implement an institutional Bitcoin strategy, South Korea's KOSDAQ-listed Bitplanet has introduced an innovative Bitcoin treasury initiative. First buy of 93 BTC in August 2025. Emphasizing controlled infrastructure under Financial Services Commission monitoring, the company hopes to gather 10,000 BTC via a daily purchasing plan supported by a $40 million investment. Bitcoin ETFs, meanwhile, saw strong activity, registering $446.3 million in net inflows last week, led by BlackRock's IBIT ($324.3 million, 72.7% of flows); nevertheless, Grayscale's GBTC faced $117.1 million in outflows. Bitcoin ETFs' weekly trading volume hit $3.34 billion, much above Ethereum's $1.41 billion, with October's $4.21 billion in inflows pushing Bitcoin's price to $111,600, showing significant institutional demand.


With institutional players displaying a bullish attitude by means of major motions, whale activity magnified market forces even more, including a $182 million long position with a $53,000 liquidation. wallet 0xC50a priced a 40x leveraged long on 149 BTC worth $16.65 million. With $30 million in unrealized profits, another whale, 0xc2a, increased its holdings to $170.46 million in BTC and $167.35 million in ETH. Large exchange deposits, such as 200 BTC to Kraken amid a 5,603 BTC ($627.1 million) swing over two weeks, however, point to possible selling pressure and volatility around major support levels. Institutional bullishness continues as Bitcoin trades over $115,000, supported by ETF inflows and whale build-up, with leveraged longs accounting for 51.98% of the BTC market.

Technical Analysis: Key Levels to Watch for BTC/USD

BTC/USD gained above $115000 on strong institutional demand. The pair hits a high of $116410 and is currently trading around $115410.

 It trades above short-term (34-EMA and 55-EMA) and long-term (200 and 365-EMA) moving averages on the 4-hour chart. Minor support is around $113000; breaking below this would drag the pair down to $108000/$103000/$10000/$98450/$94800. Immediate resistance is around $12000 indicates that closing above this level could lead to targets $126500/$130000.

Investment Strategy: Opportunities for Traders

Indicators (4-hour chart).

CCI(50)- Bullish

Directional movement index - Bullish

It is good to buy on dips around $113000 with a stop-loss set at $108000 for a TP of $120000/$126500.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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