BTC Price Prediction: Consolidation Phase May Precede Next Rally Wave
BTC Technical Analysis: Short-Term Pullback Before Potential Rebound
BTCC financial analyst Olivia notes that Bitcoin is currently trading at $105,805, slightly below its 20-day moving average of $106,336. The MACD indicator shows improving momentum with the histogram turning positive at 907.86, though both lines remain in negative territory. Bollinger Bands suggest the price is in the lower half of its recent range, with support at $101,324 and resistance at $111,348.
"We’re seeing classic consolidation patterns after April’s rally," Olivia observes. "The technicals suggest we might see some short-term pressure, but the improving MACD and institutional accumulation we’re seeing could set the stage for another leg up after this breather."
Mixed Sentiment as Institutional Accumulation Offsets Retail Caution
BTCC’s Olivia highlights the conflicting signals in today’s crypto news: "On one hand, we’re seeing strong institutional interest with BlackRock’s ETF recording $643M inflows and Metaplanet expanding its bitcoin treasury to 5,000 BTC. On the other hand, retail investors remain cautious, with exchange deposits plunging to 2017-like levels and lingering skepticism about the rally’s sustainability."
She adds: "The regulatory developments like El Salvador’s crypto sandbox proposal and New Hampshire’s advancing Bitcoin bill create a favorable backdrop, but traders should watch for potential volatility as the market digests these mixed signals."
El Salvador Proposes Crypto Sandbox to SEC in Bold Cross-Border Move – Is Bitcoin In?
El Salvador has approached the U.S. SEC with a proposal for a cross-border crypto sandbox, aiming to create a regulatory testing ground for digital assets. The meeting on April 22 involved El Salvador’s National Commission on Digital Assets (CNAD), U.S. law firm Perkins Law, and former Goldman Sachs partner Heather Shemilt. The sandbox would allow both countries to experiment with crypto projects under relaxed regulations initially, helping shape future policies. While Bitcoin isn’t explicitly mentioned, its inclusion is a key question given El Salvador’s adoption of BTC as legal tender.
Metaplanet Keeps Buying Bitcoin, Now Holds 5,000 BTC
Metaplanet has added 145 BTC to its holdings, spending approximately $13.6 million at an average price of $93,327 per bitcoin. As of April 24, 2025, the company’s total Bitcoin holdings reached 5,000 BTC, with a cumulative acquisition cost of around $428.1 million and an average purchase price of $85,621 per BTC. The firm has achieved a 121.1% year-to-date return on its Bitcoin investments in 2025, showcasing its strong confidence and performance in the cryptocurrency market.
Bitcoin’s April Rally Driven By Institutions, While Retail Flees ETFs: Coinbase Exec
Bitcoin’s surge to $93,000 in April was fueled by institutional investors and sovereign wealth funds quietly accumulating the cryptocurrency, according to Coinbase Institutional’s John D’Agostino. While retail investors withdrew capital from spot ETFs, deep-pocketed institutions leveraged their "patient pools of capital" to build positions. "Institutions, sovereigns, patient pools of capital were piling in," D’Agostino noted on CNBC. "Retail via the ETF were exiting. So you’ve got to ask yourself, what do the institutions know?" This institutional conviction is now taking formal shape, with initiatives like Twenty One Capital, a new Bitcoin investment firm backed by Tether and Bitfury, emerging in the market.
New Hampshire Bitcoin Bill Advances in Legislative Process
New Hampshire’s Senate Finance Committee approved the Bitcoin Reserve Bill (HB 302) with a decisive 4-1 vote, signaling growing political support for cryptocurrency adoption in the state. The legislation, which proposes establishing a Bitcoin reserve, now moves closer to potential enactment. This development reflects a broader trend of state-level crypto policy experimentation amid ongoing national debates about digital asset regulation.
Metaplanet Expands Bitcoin Treasury to 5,000 BTC Amid Strategic Accumulation
Metaplanet, a Tokyo-listed hotel company, has significantly bolstered its Bitcoin holdings, reaching a milestone of 5,000 BTC. The firm’s treasury now holds approximately $428.1 million worth of Bitcoin, acquired at an average cost of $85,621 per coin. In its latest move, Metaplanet purchased an additional 145 BTC at an average price of $93,327, totaling $13.6 million. The company’s aggressive accumulation strategy has yielded a 121.1% Bitcoin yield year-to-date in 2025, a proprietary metric reflecting the effective increase in Bitcoin per share. This strategic focus underscores Metaplanet’s commitment to Bitcoin as a core reserve asset, isolating gains purely from its acquisition strategy while neutralizing other market variables.
Long-Term Bitcoin Holders Accumulate BTC Amid Market Recovery
Long-term Bitcoin holders are demonstrating unwavering commitment by accumulating more BTC than short-term holders are selling. For every 1 BTC sold by short-term investors, long-term holders have added 1.38 BTC to their reserves. This trend underscores their confidence as Bitcoin continues its recovery.
Since January’s market bottom, long-term holders—defined as those holding BTC for at least 155 days—have amassed 635,340 BTC, bringing their total holdings to 13,755,722 BTC. Glassnode data reveals this cohort’s tendency to buy during market weakness and sell into strength.
In contrast, short-term holders have distributed 460,896 BTC, often capitalizing on profits or cutting losses. Their current holdings stand at 3,516,265 BTC. The 155-day threshold traces back to November 20, a period marked by Bitcoin’s climb from $65,000 to $95,000.
Bitcoin Traders Adopt Cash-Secured Put Strategy for Long-Term Accumulation
Bitcoin traders are increasingly selling cash-secured put options on Deribit, mirroring an insurance model where premiums are collected against low-probability downside risks. This strategy signals bullish conviction, as participants stand ready to accumulate BTC at predetermined levels while earning option premiums.
The mechanics are straightforward: traders collateralize put sales with stablecoins, ensuring they can purchase Bitcoin if prices decline to strike levels. This approach combines income generation with disciplined accumulation—a hallmark of professional derivatives positioning in nascent bull markets.
Altcoin Season Might Start This Week – Here’s Why Crypto Traders Say So!
The crypto market cap has surged to $3 trillion, with Bitcoin reaching a 7-week high of $94,600. Altcoins are now showing signs of outperforming BTC, sparking speculation that an altcoin season is imminent.
Rogue Crypto, a prominent trader, argues the "shakeout phase" is over. Market sentiment is shifting after months of stagnation, fueled by political and economic developments linked to Donald Trump’s tariff policies and Federal Reserve dynamics.
Investors Still Skeptical About the BTC Price Rally—Is This a Calm Before the Storm or a Reversal Incoming?
Bitcoin’s price volatility continues to dominate market discussions, with the cryptocurrency rebounding from recent dips to challenge key resistance levels. Despite skepticism among some investors, whale activity suggests strong accumulation trends not seen since before 2020.
Large holders, particularly those with wallets containing 10,000 BTC or more, are aggressively accumulating supply. This bullish behavior persists even as the token faces upward pressure near the $94,000 mark, signaling potential for further upside.
BlackRock’s Bitcoin ETF Records $643M Daily Inflow Amid BTC Rally
Bitcoin’s surge past $90,000 has reignited institutional interest, with BlackRock’s IBIT ETF absorbing $643 million in a single day—marking one of its largest inflows since launch. The broader U.S. spot Bitcoin ETF market saw $916.91 million net inflows on April 23, propelling weekly totals to $2.23 billion.
Market sentiment shifted decisively bullish after Paul Atkins’ swearing-in as SEC chair, breaking weeks of stagnation. Sosovalue data highlights BlackRock’s dominance, capturing over 70% of the day’s ETF inflows as capital floods back into crypto.
Bitcoin Exchange Deposits Plunge, Echoing 2017 Bull Run Precursors
Bitcoin’s price surged 9.4% this week, with a notable 9.65% single-day spike between April 21-22. The rally coincides with a striking on-chain pattern: exchange deposits have plummeted to 52,000 addresses (30-day average) — far below the 10-year average of 92,000. This supply squeeze mirrors conditions preceding Bitcoin’s historic 2017 bull market.
CryptoQuant data reveals a sustained decline in BTC moving to exchanges since 2022. Fewer deposits typically indicate reduced selling pressure as investors opt for cold storage. "When BTC stays off exchanges, it’s like taking barrels off the oil market," observed analyst Axel Adler Jr., drawing parallels to commodity supply shocks.
