Bitcoin’s Vulnerability Highlighted Amid Rising Correlation with US Equities

In a recent statement, a CoinCover executive has drawn attention to Bitcoin’s increasing vulnerability, which now mirrors that of traditional major assets due to its rising correlation with US equities.

Bitcoin Just as Vulnerable as Major Assets, Says CoinCover Executive

Anthony Yeung, Global Head of Strategic Development at CoinCover, has stated that Bitcoin is just as vulnerable as other major assets due to its rising correlation with US equities. The US macro environment remains highly unpredictable with inflation concerns, which could fuel volatility in Bitcoin. Bitcoin was trading under the $85,000 mark on Tuesday, holding on to nearly 3% gains. Crypto traders remain fearful, with the Fear & Greed Index reading 34 on a scale of 0 to 100.

Metaplanet Increases Bitcoin Holdings to 4,046 BTC

Tokyo-based firm Metaplanet has increased its Bitcoin holdings to 4,046 BTC with the latest acquisition of 696 BTC. The company executed this purchase by selling cash-secured put options, a tactic that allowed it to acquire Bitcoin at below-market prices while earning premiums. The total value of this acquisition amounts to approximately 10.15 billion yen ($73.5 million), with an average purchase price of 14,586,230 yen ($105,700) per Bitcoin. Over the first quarter of FY2025, Metaplanet utilized its put options to generate capital and accumulated 645.74 BTC from exercised options and an additional 50.26 BTC in premiums.

Tether Quietly Becomes One of Bitcoin’s Largest Whales With $8.44B in Holdings

Tether has quietly become one of the largest corporate holders of Bitcoin with $8.44 billion in holdings. On March 31, 2025, Tether boosted its Bitcoin reserve by acquiring 8,888 BTC worth $735 million. This purchase is part of Tether’s wider asset management plan and focus on long-term portfolio balance. Regulatory pressures have also sparked a closer look at its reserve structures. Expanding outside crypto adds layers to its financial strategy.

Bitcoin Finds Bottom at $81K and $80K, as Whales Heighten Accumulation

Amid the increased volatility in the crypto market today, Santiment released data offering insights for spotting market dips. The metrics mentioned criteria like whales’ actions and general market sentiment, which experienced traders are using to gauge ideal entrance spots for acquiring Bitcoin. As crypto markets test patience, the insight provides a blueprint for finding crypto bottoms during uncertain times. Read how pro traders use whales and the crowd as signals to stack satoshis.

Bitcoin Whale Wallets Quietly Climb to 4-Month High

On-chain data from Santiment shows that Bitcoin whale wallets have recently climbed to their highest point since December of last year, despite the bearish price action. The relevant indicator is the “Supply Distribution,” which measures the number of wallets in specific coin ranges. In this case, the range of interest is 1,000 to 10,000 coins, representing investors with holdings valued between $84.2 million to $842 million in USD.