The digital assets price didnt move much on Monday after shedding more than 3% over the past seven days, but the subdued price action hasnt dampened institutional enthusiasm.
Listen to article WRITTEN BY 
Frederick Munawa 
BTC Treads Water on Labor Day Weekend and Metaplanet Buys the Dip
Ive always said that I really believe in the next several years, bitcoin hits a million dollars. Theres no question bitcoin hits a million dollars. Those were Eric Trumps words during a fireside chat on Friday at the 2025 Hong Kong Bitcoin Asia conference. Trump is a strategic advisor to Japanese bitcoin treasury firm Metaplanet. And just as the cryptocurrency dipped below $109K on Labor Day, Metaplanet snapped up 1,009 BTC, bringing the firms total bitcoin holdings to 20,000 BTC.
(Institutional investors are following the time-tested strategy of buying low, which has been helping reduce bitcoins volatility / Metaplanet on X)
Bitcoin ( BTC) appears to no longer go through the wild rallies and crashes that characterized much of its history. Many attribute this recent reduction in volatility to the deluge of institutional investors like Metaplanet, who dont sell at the slightest hint of a price decline. If anything, they do the opposite; they buy the dip.
And so while bitcoin was mostly flat over 24 hours on Monday, down 2-3% for the week, only retail investors seemed melancholic. The Metaplanets of the world and the rest of the so-called smart money, are not only buying the dip this weekend, they are also raising billions to buy even more of the cryptocurrency down the road.
Overview of Market Metrics
Bitcoin was trading at $109,236.39 at the time of writing, according to Coinmarketcap, up slightly by 0.24% for the day, but still down 2.02% for the week. The cryptocurrencys price has moved between $107,271.18 and $109,890.58 over the past 24 hours.
( Bitcoin price / Trading View)
Trading volume was up 32.94% at $62.28 billion, despite the Labor Day holiday. Market capitalization was also slightly up by 0.21% at $2.17 trillion. Bitcoin dominance rose 0.67% to reach 58.49% at the time of reporting, according to data from Coinmarketcap.
( BTC dominance / Trading View)
Total bitcoin futures open interest was mostly flat at $80.33 billion over 24 hours, a small 0.39% increase. Bitcoin liquidations on Coinglass came to a total of $58.95 million for the day. That sum comprises $36.20 million in long liquidations and a smaller $22.75 million in shorts.
