Bitcoin News: Miners Hold Steady Amid Bullish Sentiment and Institutional Accumulation

Recent developments in the Bitcoin market suggest a positive outlook as miners remain confident in future price movements, while institutional investors continue to accumulate the cryptocurrency.

Bitcoin Miners Holding for Price Jump?

Bitcoin’s miner reserve has remained stable with no significant selling activity over the past 24 hours, indicating miners’ confidence in future price movements. Whale and institutional accumulation, including BlackRock, supports bullish sentiment for Bitcoin. At press time, Bitcoin was trading at $88,020.88, up 1.53% over the past 24 hours. The stability in miner behavior suggests they are waiting for favorable market conditions to sell at higher prices, making this a key indicator to watch.

Russian Economist Warns Against Strategic Bitcoin Reserve

A leading Russian economist, Valentin Katasonov, has warned Moscow against developing a national strategic Bitcoin reserve, calling it a “ticking time bomb.” Katasonov, who is the Chairman of the S. F. Sharapov Russian Economic Society, used an allegory equating creating a national crypto reserve to “laying landmines” in Russia.

GameStop Plans to Issue $1.3 Billion Convertible Notes to Buy Bitcoin

GameStop has announced plans to offer $1.3 billion worth of senior convertible notes in a private offering. The company intends to use part of the proceeds to purchase Bitcoin and for other corporate purposes. Historically, GameStop has stirred gains across meme coins, but this move could begin having a wider impact on the general crypto market.

Bitcoin Short-Term Holders Face Unrealized Losses, Market Sentiment Cautious

Bitcoin is struggling to reclaim the $90,000 level, with sentiment shifting from extreme fear to cautious optimism. After weeks of volatility, the market appears to be stabilizing, but conviction remains low. Analysts are divided on the next move, with some warning of a continuation of the downtrend if BTC fails to break above $90K, while others believe the current consolidation could lead to a bullish surge. On-chain data shows that Short-Term Holders (STH) have increased their supply by 201,743 BTC since January 1st, 2025, reflecting cautious re-entry by market participants.

Crypto Analyst Reveals Bullish Trigger Point For Bitcoin Price

A crypto analyst has identified that Bitcoin has reached a critical trigger point that could lead to a significant price rally. The analyst, ’Cryptorphic’, shared a 4-hour timeframe chart from Binance, stating that BTC has settled at a key resistance zone. If Bitcoin manages to hold above this threshold, the chances of it setting a new all-time high become increasingly likely. However, the cryptocurrency faced resistance at $91,375 when it attempted to break above this critical point.