Bitcoin
A Path Toward Bitcoin as a Reserve Asset?

The growing prominence of spot Bitcoin ETFs (exchange-traded funds) is reshaping the crypto market. A CryptoQuant analyst, MAC_D, has revealed that these funds now control 5.33% of the total mined BTC supply — a significant leap from the 3.15% recorded in January.
This marks an addition of 425,000 BTC within ten months, highlighting the rising demand for physically-backed Bitcoin ETFs.
Bitcoin ETF Accumulation Drives BTC Price Growth
The analyst highlights a strong correlation between the accumulation of Bitcoin by spot ETFs and its price movements. This trend was particularly evident during Bitcoin’s price surges in March and November, fueled by significant ETF inflows and positive market sentiment.
“Spot ETF volume increased by +425,000 BTC to 629,900 BTC → 1.0545 million BTC in January when trading began. This is an increase of 2.18% in just 10 months, or 3.15% → 5.33% of the total mined supply of 19.78 million BTC. Looking at March and November, which showed dramatic price increases, we can see that there is a strong correlation between the increase in accumulation and price,” the analyst explained in a post on X.

Indeed, in March, US-listed Bitcoin ETFs saw net inflows of approximately $4 billion, propelling trading volumes to $111 billion — a nearly threefold increase from February. During the same period, Bitcoin’s price surged to a then-record high of over $73,777 on Coinbase.
Similarly, in November, following Donald Trump’s reelection and heightened expectations of regulatory support for crypto, Bitcoin soared past $93,265 on Binance, marking its highest-ever valuation.
“The more Bitcoin is accumulated in spot ETFs, the stronger the price becomes,” MAC_D added.
BlackRock’s iShares Bitcoin Trust (IBIT) continues to dominate the spot ETF market. Recent data shows the fund has surpassed $40 billion in assets, accounting for over $3 billion of net inflows since November 6.
While the broader US Bitcoin ETF market displayed mixed performance this week, IBIT added $2 billion in net inflows, consolidating its leadership.

Overall, US Bitcoin ETFs registered $2.4 billion in inflows during the first half of last week. However, redemptions on Thursday and Friday trimmed the week’s net inflows to $1.6 billion as shown above.
Regulatory Tailwinds Bolster ETF Adoption
The surge in Bitcoin ETF adoption is closely tied to changing regulatory frameworks. Recently, the US Securities and Exchange Commission (SEC) approved Bitcoin ETF options. This milestone aligned with recent progress from the Commodity Futures Trading Commission (CFTC), which cleared the spot Bitcoin options trading path.
More recently, the SEC and CFTC approved the listing of eco-conscious 7RCC Bitcoin and Carbon Credit Futures ETF. Taken together, these developments further legitimized spot Bitcoin ETFs, enhancing their appeal to institutional investors. This regulatory backing has played a pivotal role in fostering trust and driving capital into the market.
Optimism surrounding a favorable regulatory environment under the new US administration has also buoyed the inflows into Bitcoin ETFs further. In turn, it has amplified expectations of policies supportive of the digital asset industry, further accelerating Bitcoin adoption via ETFs. BeInCrypto recently reported that Bitcoin ETFs are now in 60% of top us hedge fund portfolios.
The role of macroeconomic factors, such as Federal Reserve policy and US elections, cannot be overlooked. As the Fed’s monetary tightening cools, risk-on assets like Bitcoin are regaining favor.
Looking ahead, analysts predict that the increasing adoption of spot Bitcoin ETFs could pave the way for Bitcoin’s recognition as a reserve asset. Should the US government adopt this trend, the inflow into ETFs is expected to rise even further, solidifying Bitcoin’s position in global finance.
Meanwhile, the growing share of Bitcoin held by spot ETFs has broader implications for the crypto market. By controlling over 5% of Bitcoin’s supply, these funds are stabilizing liquidity while potentially reducing market volatility.
Nevertheless, there are concerns about institutional control over Bitcoin, as this would be contrary to the pioneer cryptocurrency’s original decentralization ethos.
“Does this not defeat the whole purpose of “decentralization”? BlackRock will be the biggest hodler, it doesn’t get much more centralized than that,” one X user quipped.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin
8,000 Dormant Bitcoin Suddenly Move: What’s Next For The Market?

Popular CryptoQuant analyst Maartunn reports that 8,000 Bitcoin (BTC) which have been dormant for five to seven years have been moved suddenly, adding to current bearish concerns in the crypto. This development comes after a rather adventurous week as BTC prices struggled to break above $89,000, following an initial steady bullish climb, before succumbing to heavy selling pressures driven by US President Donald Trump’s hawkish tariff policy.
$674 Million In Old BTC Transfers In Single Block – Cause For Alarm?
The Spent Output Age Bands is a crucial metric to measure how long Bitcoin tokens remain inactive before moving. According to Maartuun in an X post, this metric has recently revealed that 8,000 BTC worth $674 million that was last transferred between 2018 and 2020 have been moved recently in a single block drawing significant market attention.
This transfer follows a string of recent activations of dormant Bitcoin stashes. On March 24, a 14-year inactive Bitcoin wallet suddenly moved 100 Bitcoin valued at $8.5 million. Meanwhile, in early March, six ancient Bitcoin wallets also transferred nearly 250 BTC worth $22 million.
Notably, the most recent transaction reported by Maartuun is of far larger size with potentially strong implications for an uncertain Bitcoin market. Generally, a movement of such a large amount of BTC from long-term dormancy is usually interpreted as a signal for incoming selling pressure leading to major price corrections.
However, there are other potential non-bearish motives behind such transactions such as internal wallet shuffling by institutional investors or large holders as well as a cold storage reorganization. Currently, the owners of the new wallets receiving the 8000 is unknown thus reducing the potential of a bearish reaction from BTC holders.
Bitcoin Price Overview
In the last day, Bitcoin prices declined by 4.00% after the US Government announced intentions to impose a 25% tariff on auto imports and goods from China, Mexico, and Canada starting from April 3. This marks the latest negative reaction of the crypto market to President Trump’s international trade policies following similar incidents in early February and mid-March.
These measures by the Donald Trump administration are flaming fears of a potential economic slowdown which could further push high-risk assets such as BTC out of investors’ portfolios leading to a further downside.
At press time, Bitcoin currently trades at $83,693 reflecting a decline of 0.72% and 2.53% in the last seven and 30 days respectively. Meanwhile, the asset’s daily trading volume is up by 19.38% and is valued at $31.58 billion. The BTC market cap now stands at $1.66 trillion and still represents a dominant 61.1% of the total crypto market.
BTC trading at $83,727 on the daily chart | Source: BTCUSDT chart on Tradingview.com
Bitcoin
Bitcoin Price Could Surge To $95,000 — But Analyst Sounds ‘Bull Trap’ Alarm


The Bitcoin price seemed to be breaking out of its consolidation range early on in the week, rising to as high as $88,500 on Monday, March 24. However, the flagship cryptocurrency appears to be back to ground zero, retracing to around $84,000 on Friday, March 28.
This recent price correction came following the release of inflation data in the United States. With the latest inflation data suggesting delayed rate cuts by the US Federal Reserve, risk assets — including cryptocurrencies — experienced significant downward pressure to close the week.
Here’s How BTC Price Could Fall To $62,000
The story gets a little grim for the world’s largest cryptocurrency after popular crypto analyst Crypto Capo put forward a bearish projection for the Bitcoin price in their latest post on the X platform. According to the crypto trader, the price of BTC could be on its way to a new low in this cycle.
Crypto Capo highlighted in their analysis of the BTC 12-hour chart that the $84,000 – $85,000 is pivotal for the premier cryptocurrency’s future trajectory. The online pundit noted that the Bitcoin price action could go one of two ways over the next few weeks.
In the first scenario, Crypto Capo expects the price of Bitcoin to enjoy a short-lived bullish burst to within the $95,000 – $100,000 range. This initial price run-up would be a bull trap for investors, according to the analyst. For context, a bull trap is a pattern that lures long traders (bulls) into the market by an initial upward surge followed by a quick reversal.
Fittingly, Crypto Capo predicts that Bitcoin will experience a capitulation event that will see its value plummet to the next main support. As seen in the chart below, this next major support lies within the $62,000 – $69,000 bracket, containing the April and November all-time high prices.
Source: @CryptoCapo_ on X
In the alternate scenario, Crypto Capo highlighted how the first bull trap idea could be invalidated. According to the trader, if the Bitcoin price successfully closes beneath the $84,000 – $85,000 range, it could fall to the $62,000 – $69,000 bracket.
Bitcoin Price At A Glance
As of this writing, the price of Bitcoin is moving around the $83,300 level, reflecting a 3% decline in the past 24 hours. This single correction event has wiped out the premier coin’s early-week profit, with CoinGecko data showing no significant gain or loss in the last seven days.
The price of BTC slides beneath $84,000 on the daily timeframe | Source: BTCUSDT chart on TradingView
Featured image created by DALL-E, chart from TradingView

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Bitcoin
El Salvador’s Nayib Bukele Open to White House Visit

El Salvador’s President Nayib Bukele has hinted at an upcoming visit to US President Donald Trump at the White House. The move has fueled speculation about closer cooperation between the two pro-Bitcoin leaders.
Although no official agenda has been released, if confirmed, the meeting would mark Bukele as the first Western Hemisphere leader to visit Trump at the White House during his current term.
Can Bitcoin Improve Diplomatic Relationship Between US and El Salvador?
On March 28, Bukele reacted to a report claiming that Trump plans to invite him to Washington.
Responding on social media, Bukele confirmed his willingness to visit and jokingly noted that he would bring “several cans of Diet Coke” — a nod to Trump’s well-known beverage of choice.
The two leaders have enjoyed a friendly relationship since Trump’s return to office. They reportedly spoke after the inauguration, and Trump later thanked Bukele publicly, commending his “understanding of this horrible situation” regarding US border issues.
Meanwhile, the possible visit follows El Salvador’s acceptance of deported Venezuelan gang members from the US.
These individuals were held at the country’s high-security Terrorism Confinement Center. The facility was recently visited by US Homeland Secretary Kristi Noem.
President Bukele’s administration has earned international praise — and criticism — for its tough stance on crime. His crackdown on gangs has transformed El Salvador from one of the most violent nations in the world to one of the safest in Latin America.
Meanwhile, speculation is growing within the crypto community that Bitcoin may emerge as a significant topic during the leaders’ discussions. Both Bukele and Trump have openly supported Bitcoin, though their approaches differ slightly.
Bukele’s stance on Bitcoin is notably proactive. In 2021, he spearheaded the creation of the world’s first national Bitcoin reserve, which has since grown to 6,130.18 BTC—worth over $512 million.

Moreover, his pro-Bitcoin initiatives have attracted substantial foreign investments, including partnerships with prominent crypto companies like Tether.
President Trump also recently became more supportive of the top crypto asset, reversing previous skepticism.
Earlier this month, Trump authorized the establishment of a US National Bitcoin Reserve, with the federal government holding initial holdings of around 200,000 BTC.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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