- BTC is stable around USD 84,000: Daily high at USD 85,487, supported by purchases from institutional investors.
- Tether, MicroStrategy, and Metaplanet are buying BTC massively: A total of over 31,000 BTC were acquired in Q1 2025 alone, supporting long-term demand.
- Technically bullish: Double bottom at USD 81,200, resistance at USD 86,400: If BTC breaks above these levels, the USD 90,000 mark will be within reach.
Bitcoin has successfully defended the $85,000 mark. Even in the current nervous market environment, Bitcoin remains quite stable. Although the price temporarily collapsed to $82,550, it then quickly rose again to $85,000. The market capitalization has also increased again.
Currently, the mood in the markets remains problematic, which even affects coins like Bitcoin and other promising cryptocurrencies. Stocks and other securities are also suffering from the current environment. Nevertheless, it is currently clear that Bitcoin has become a serious asset that many market participants perceive as a counterweight.
In the short term, the BTC chart is extremely volatile. The fluctuation range of the past few days, between $82,263 and $85,487, reflects the tension between selling pressure on the one hand and aggressive follow-up buying on the other.
Not only the technical setup plays a role – fundamental developments, such as massive institutional purchases, are also currently giving the market an unexpectedly robust character.
Tether, MicroStrategy & Co: Who’s Investing Billions in BTC Now
Institutional investors’ interest in Bitcoin is gaining momentum again, and with renewed vigor. According to Tether, it purchased exactly 8,888 BTC in the first quarter of 2025. At the current price, this represents a value of $734 million.
Tether now owns over 100,000 BTC. Currently, a portion of the interest income from US Treasury bonds flows directly into Bitcoin. This also demonstrates institutional investors’ interest in Bitcoin.
MicroStrategy’s latest move is even more impressive. The company, led by Michael Saylor, purchased another 22,000 BTC last week – worth approximately $1.9 billion.
The purchase was financed, among other things, by a new issue of preferred and common stock. MicroStrategy is thus uncompromisingly continuing its strategy. Bitcoin is no longer an investment, but part of the company’s strategy.
According to the company, the average purchase price was around USD 87,000. Bullish signals are also coming from Japan. Metaplanet, a publicly traded company focused on Bitcoin treasury strategies, announced a purchase of 696 BTC, bringing its holdings to over 4,000 Bitcoin.
The announcement came on the same day as Tether’s. The market is registering these strategic purchases as a clear sign that major players view Bitcoin not as a speculative trade, but as a long-term store of value. New cryptocurrencies are also benefiting from this development.
Chart Analysis: Support, Resistance, and Trend Structure
From a technical perspective, Bitcoin is moving in an exciting constellation. The recent price movement shows a double bottom in the area around USD 81,200, a classic reversal signal.
This level is currently acting as crucial short-term support. If it holds, the upside remains open. On the upside, the $85,700 to $86,400 zone is a cluster of liquidity zones that acts as short-term resistance.
If this area is overcome, the $88,000 price level will come into focus.
The golden pocket of the last correction lies precisely in this region. If Bitcoin manages to break through this area with momentum, a technical rally towards the psychological mark of USD 90,000 could unfold.
The heatmap also shows liquidation levels above this level up to around USD 95,000. These are target zones for algorithmically driven buying waves. In the short term, the positive scenario remains intact as long as BTC does not fall below the local low of USD 81,250.
A look at the overarching trend also reveals strength. Since the low of USD 76,600, a higher high has been established, which structurally suggests a trend reversal.
At the same time, the reduction in open short positions as the price rises indicates that market participants are increasingly expecting further gains. The area between USD 81,000 and 83,000 currently serves as a buy-the-dip zone, while new momentum buying could begin above USD 86,500. As long as this structure remains intact, the bulls dominate.
Liquidations and On-Chain Signals: Capitulation or Preparation for a Jump?
According to on-chain data, the majority of liquidations in the last 24 hours were short positions. According to Coinglass, the total volume was USD 25.64 million, of which USD 25.19 million was accounted for by short sellers alone.
Long liquidations were almost negligible at around USD 443,000. This skew signals a clear miscalculation of the market by bears who had expected further price declines.
The outflow of Bitcoin from the wallets of short-term investors to exchanges is also striking. Massive BTC transfers were particularly evident around the low of USD 81,000, strongly suggesting panic-driven selling, a classic sign of a possible local bottom.
On the downside, the next major long liquidation cluster is also at around USD 81,200. On the upside, however, larger trigger zones lie at USD 85,700 and USD 86,400. If the price approaches these levels, algorithmically driven short liquidations could provide further upside momentum.
Open interest in the futures markets also increased to USD 55.38 billion.
Macroeconomic situation and geopolitical pressure: What Trump’s tariff policy means for Bitcoin
The political uncertainty surrounding new US tariffs is currently causing nervousness, not only in the stock markets but also in the crypto sector. Donald Trump has announced that he will impose new import tariffs on April 2nd.
Depending on the severity of the measures, this could have profound effects on the global economy. Should a worst-case scenario occur, with across-the-board tariff increases across the board, a further strain on consumption and corporate profits would likely be felt, with a corresponding reaction in the financial markets.
If the US response turns out to be less drastic than feared, such as tariffs in the range of “only” 10 percent, the market could view this as a positive surprise. In such a scenario, Bitcoin would be a direct beneficiary due to its independent, inflation-resistant nature.
Interest rate cuts alone are not enough to immediately catapult the market upwards. The interaction with macro data is crucial. Currently, expectations of imminent interest rate hikes are fueled by a series of weaker US economic data, such as declining ISM indices and a cooling labor market dynamic.
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