Bitcoin's Price Drops 0.217% Amid Bullish Sentiment and Institutional Interest

Bitcoin's latest price was $93552.06, down 0.217% in the last 24 hours. The cryptocurrency is currently experiencing a significant shift in market sentiment, with on-chain data indicating a potential bull run. The number of Bitcoin addresses depositing to exchanges has sharply declined, suggesting reduced selling pressure. This trend is reminiscent of December 2016, just before the historic 2017 bull run. If these trends continue, Bitcoin may soon enter a phase of price discovery, fueled by long-term holders and renewed institutional interest.

Bitcoin is showing signs of decoupling from U.S. equities, which are facing continued pressure due to global tensions and investor unease. This divergence suggests that Bitcoin is increasingly seen as a hedge or alternative to traditional assets during periods of uncertainty. The number of Bitcoin addresses depositing coins to exchanges has declined steadily since 2022, with the 30-day moving average now significantly below the 365-day average. This decline in exchange activity implies that investors are holding, not selling, a trend that has reduced coin sales by a factor of four over the past three years. With selling pressure dropping and investor conviction rising, Bitcoin may be laying the groundwork for a powerful new rally.

Spot Bitcoin ETFs saw significant inflows, with over $1.8 billion in inflows in just two trading sessions. The renewed demand appears to be tied to several overlapping catalysts, including Bitcoin’s break through the $90,000 zone and macro hedging flows picking up after the latest tariff announcements stoked inflation expectations. Should creations persist even at half this pace, ETFs would absorb roughly 50,000 BTC a month, far outstripping miners and forcing the market to rely on secondary sellers.

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Japanese investment firm Metaplanet has reached a major milestone in its Bitcoin accumulation strategy, hitting the halfway mark in its goal to hold 10,000 coins by the end of 2025. The Tokyo-listed firm now holds 5,000 BTC. This move is part of Metaplanet’s broader strategy for Bitcoin treasury operations, launched in 2024, which aims to use digital assets to enhance shareholder value. Metaplanet’s aggressive shopping spree has been fueled by a $745 million capital raise, designed around zero-discount moving strike warrants. The company’s “21 Million Plan” aims to give Metaplanet the flexibility to acquire BTC in tranches, allowing the company to optimize entry points and avoid unnecessary dilution. More companies are imitating Strategy’s Bitcoin hoarding plan, including Wall Street’s Cantor Fitzgerald, which has partnered with SoftBank, Bitfinex, and Tether to create a $3 billion crypto acquisition company, 21 Capital. With 21 Capital, the consortium can capitalize on the market under crypto-friendly US President Donald Trump, and mirror Saylor’s Strategy, which currently holds a staggering 538,200 BTC hoard.

Bitcoin is gaining momentum once again, signaling renewed strength in the market. Despite macroeconomic tensions, Bitcoin’s technical and on-chain structure looks increasingly bullish. A decisive breakout above the $100,000 level is now the next major target, and reaching it could mark the beginning of a significant upward cycle. According to data from CryptoQuant, the 100-day moving average of Bitcoin netflow from exchanges has dropped to its lowest level since February 2023. This means more BTC is being withdrawn from exchanges than deposited, typically a strong signal of investor confidence and long-term holding behavior. As outflows reach multi-year highs, it’s clear that many market participants are reducing sell-side pressure and preparing for what could be the next leg of a major rally.

Bitcoin is at a pivotal moment, with bulls aiming to push the price into uncharted territory above the previous all-time high. Confidence is slowly returning to the market, but caution remains due to the ongoing trade war between the US and China. Analysts are divided on what’s next, with some believing this is the beginning of Bitcoin’s breakout toward a new record run, possibly above $109,000. Others see the current surge as a cycle top forming before broader consolidation or even a downturn. What’s clear is that Bitcoin continues to draw attention as a potential driver of wealth in 2025, especially if geopolitical and economic instability persist. Supporting this bullish outlook is fresh data from CryptoQuant, which indicates the largest sustained outflow of BTC from exchanges in over a year—often interpreted as a sign of investor re-accumulation and long-term conviction. Historically, similar netflow patterns have preceded large price expansions, as coins moving off exchanges are typically destined for cold storage rather than imminent sale. If this trend holds, Bitcoin could be on the verge of a significant breakout—driven not just by technical momentum, but by strengthening fundamentals and shifting investor behavior.