Wall Street Goes All-In on Bitcoin While Price Languishes Below Six Figures
Institutional money floods into crypto’s flagship asset—yet BTC stubbornly refuses to moon. What gives?
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The Big Money Bet
BlackRock, Fidelity, and even legacy banks are now stacking sats like never before. Bitcoin ETFs just smashed another ATH with $12B inflows last quarter. Meanwhile, hedge funds quietly convert 2% of treasuries into BTC collateral. The suits are finally all-in.
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The Price Paradox
Despite the institutional frenzy, BTC’s been rangebound between $85K-$95K for 47 days straight. Traders blame ’overhang’ from Mt. Gox distributions while HODLers whisper about suppressed prices before the halving pump. (Classic finance move: buy the rumor, sell the news—then short the asset.)
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When Fundamentals and Charts Collide
The adoption metrics scream bull market: Lightning Network capacity up 300% YoY, active addresses at 2021 levels. But until BTC decisively flips $100K into support, even crypto true believers will keep glancing nervously at the charts. After all, Wall Street only loves you until their quarterly bonuses clear.
Bitcoin closed April on a bullish note in many aspects, but the leading cryptocurrency has yet to embark on a highly anticipated long-term price rally that could send the asset to previously unseen levels. However, a closer look at key market trends reveals that demand for the asset still favors many bullish possibilities.
In April, MicroStrategy added 15,000 more BTC to its holdings, Bitcoin hit its third-highest week ever in terms of SEC Filings, and the asset crossed over the $90,000 price level, but the long-term rally is yet to kick off.
To understand the current state of the market, it is worth noting that while Bitcoin is exiting exchanges and going into cold storage, a large portion is making its way into institutional custody through ETFs, trading infrastructure, and fund administrators, marking an upstream movement in the market.
As Bitcoin retests its previous support and continues on an upward trajectory, short-term traders and long-term holders looking to take a profit enter the market, resulting in continuous selling.
As a result, significant market buys like MicroStrategy’s $1.4B Bitcoin accumulation are unlikely to trigger major price rallies, as their key purchasing strategies are working hand in hand with an ever-changing market.
Digital asset infrastructure producer Swan, convinced that the Bitcoin market is about to take a non-linear path, courtesy of institutional holders, wrote the following:
“Miners produce ~13,500 BTC per month.
But MicroStrategy—using cheap debt and relentless capital—has outpaced that production for months. They’re not just stacking. They’re compressing Bitcoin’s supply curve from the outside. This is a kind of synthetic halving. Not every four years—But every time institutional capital hits “buy.”
At report time, Bitcoin is up 1.80% from the previous day and is now trading at $97,189. With the new month kicking off with leading assets adding weekly gains, the global crypto market cap, valued at $3 trillion, has increased by 1.29% over the last day.
