Bitcoin
Amazon Bitcoin Treasury: Shareholder Push Toward Bitcoin

Amazon shareholders are urging the tech giant to allocate part of its $88 billion in cash and short-term assets to Bitcoin. The push follows a proposal from the National Center for Public Policy Research (NCPPR).
This move comes as Bitcoin (BTC) increasingly gains traction among corporations as a hedge against inflation.
Amazon Shareholders Advocate for Bitcoin Treasury
In its proposal, the NCPPR warned that inflation could erode the purchasing power of Amazon’s substantial cash reserves. It criticized the Consumer Price Index (CPI) as an unreliable gauge, suggesting the real inflation rate may be closer to 10%. The letter emphasized that Bitcoin, despite its short-term volatility, has historically outperformed traditional corporate bonds.
“Amazon should – and perhaps has a fiduciary duty to – consider adding assets to its treasury that appreciate more than bonds, even if those assets are more volatile short term,” the NCPPR wrote in the proposal.
Podcaster Tim Kotzman, who shared the proposal on X (formerly Twitter), highlighted the growing corporate trend toward Bitcoin adoption. The NCPPR also pointed to companies like MicroStrategy and Tesla. MicroStrategy has led the charge, holding over 402,000 Bitcoin—currently valued at over $40 billion—as its primary treasury reserve asset, data on Bitcoin Treasuries shows.
Amazon has dabbled in blockchain technology through its managed services and job listings for blockchain and cryptocurrency experts. However, it has yet to adopt cryptocurrency payments or allocate digital assets to its balance sheet. Analysts suggest that a Bitcoin treasury move by Amazon could signal a seismic shift, potentially influencing other corporate giants like Apple.
“First Microsoft, now Amazon. Apple is next…then every single boardroom,” a Bitcoin commentary account added.
Binance co-founder Changpeng Zhao (CZ) weighed in on the debate, urging Amazon to accept Bitcoin payments. Nevertheless, a user on X (Twitter) has posed a contrarian perspective.
“What most [shareholders] do not realize is that Amazon has $88 billion of cash, but also has $67 billion in debt and $87 billion of lease liabilities. It requires cash to run its daily operations. The company’s net cash is minimal compared to sales and market cap,” the researcher posed.
They anticipate a rather lukewarm or cold response to the board’s proposal, which will be discussed during the 2025 annual shareholder meeting.
Microsoft is Also in the Bitcoin Treasury Spotlight
Meanwhile, Amazon is not the only major tech company facing pressure to adopt Bitcoin. Microsoft shareholders will vote on a similar proposal at its annual meeting on December 10. However, Microsoft’s management has advised shareholders to reject the proposal.
Specifically, the board clarified its recommendation against the proposal, arguing that it is “unnecessary.” It noted that financial strategies, including treasury asset allocations, are already under ongoing review. Nevertheless, many expect the proposal will pass, citing the heft of BlackRock’s investment as the second-largest investor at Microsoft, after Vanguard.
“Guess who Microsoft’s second-largest shareholder is? Guess who made the Bitcoin ETFs happen?” Terrence Michael, author of the Bitcoin book Proof of Money, quipped.
MicroStrategy executive chair Michael Saylor also presented a bold proposal to Microsoft. He argued that a strong Bitcoin strategy could add nearly $5 trillion to its market capitalization. Meanwhile, video platform Rumble recently made headlines for establishing a Bitcoin treasury.
MicroStrategy’s Michael Saylor, who has been a vocal advocate for institutional Bitcoin adoption, reportedly inspired the move.
“It took just 6 days for Rumble to adopt Bitcoin as a reserve asset after talking with Michael Saylor,” Bitcoin proponent Nikolaus Hoffman remarked.
These developments come amid a growing momentum for Bitcoin’s role as a treasury reserve asset. Concerns over inflation and fiat currency debasement drive this.
Tesla’s high-profile Bitcoin purchase in 2021 and MicroStrategy’s continued investments have set a precedent. The timing of these proposals reflects broader macroeconomic concerns, with the Federal Reserve signaling continued monetary tightening.
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Bitcoin
Here Are The Bitcoin Levels To Watch For The Short Term


Bitcoin has produced a range-bound movement recently, with prices oscillating between $83,000 and 86,000. Interestingly, popular crypto analyst Burak Kesmeci has identified the important price levels for any short-term action.
Support At 82,800, Resistance At 92,000 – But Where Is Bitcoin Headed?
In a new post on X, Kesmeci shared an interesting on-chain analysis of the Bitcoin market. Using the short-term investor cost basis, the analyst identified two key price levels that could prove critical to Bitcoin’s next major move.
Firstly, Burak Kesmeci focuses on the average cost prices of new traders over the past 1-4 weeks, which are likely the most reactive to price changes. The realized price for these traders currently stands at $82,800, forming a near-term support that indicates many recent buyers are still in profit and may defend this level as a psychological floor.
Meanwhile, Kesmeci also highlights the $92,000 price level, which marks the average cost basis for BTC holders for 1-3 months. This price point has emerged as an important resistance zone, as investors are likely to exit the market once they break even. Furthermore, the $92,000 price level is also marked by a confluence with various technical indicators.
The interplay between these two levels is significant. Historically, short-term bullish trends in BTC tend to begin when the cost basis of more recent investors, 1–4 weeks, crosses above that of the 1–3 BTC holders. This shift signals increased confidence and willingness to buy at higher levels, which often fuels broader rallies.
However, that dynamic remains to play out in the current market. As of now, Bitcoin is trading around 85,000, positioning it above its support at the 1–4 week average of $82,800 but still below the 1–3 month resistance of $92,000. Furthermore, both cost basis levels have been declining over the past two months, reflecting hesitation or a lack of aggressive buying from new entrants.
Notably, Kesmeci states that BTC must surge above $92,000 to confirm a strong bullish momentum for a price reversal.
Bitcoin ETFs Offload 1,725 BTC
In other news, Ali Martinez reports that the Bitcoin ETFs have suffered withdrawals of 1,725 Bitcoin, valued at $146.92 million, over the past week. This development illustrates a high level of negative sentiment among institutional investors, adding to market uncertainty around the BTC market.
Meanwhile, Bitcoin trades at $85,249 following a price change of 0.89% in the past day. The premier cryptocurrency also reflects a 0.58% loss on the weekly chart and a 1.06% gain on a monthly chart.
Feature image from Adobe Stock, chart from Tradingview

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Bitcoin
Bitcoin LTH Selling Pressure Hits Yearly Low — Bull Market Ready For Take Off?


Following an extensive price correction in the past three months, the Bitcoin bull market continues to hang in the balance. Despite a modest price rebound in April, the premier cryptocurrency is yet to display a strong intent to resume its bull rally amidst a lack of positive market factors. However, crypto analyst Axel Adler Jr. has highlighted a promising development that could signal major upside potential for Bitcoin.
Bitcoin Long-Term Holders Looking To Halt Selling Pressure
In a recent post on X, Adler Jr. shared an important update in Bitcoin long-term holders (LTH) activity, which could prove significantly positive for the broader BTC market.
Using on-chain data from CryptoQuant, the renowned analyst reports that selling pressure by long-term holders, i.e. amount of LTH holdings on exchanges, has now hit its lowest point at 1.1% over the past year. This development indicates that Bitcoin LTH are now opting to hold on to their assets rather than take profits.
Adler explains that a further decline in these LTH exchange holdings to 1.0% would signal the total absence of selling pressure. Notably, this development could encourage new market entry and sustained accumulation, creating a strong bullish momentum in the BTC market.
Importantly, Alder highlights that the majority of the Bitcoin LTH entered the market at an average price of $25,000, Since then, CryptoQuant has recorded the highest LTH selling pressure of 5.6% at $50,000 in early 2024 and 3.8% at $97,000 in early 2025.
According to Adler, these two instances likely represent the primary profit-taking phases for long-term holders who intended to exit the market. Therefore, a resurgence in selling pressure from this cohort of BTC investors is unlikely in the short-term, which supports a building bullish case as long-term holders currently control 77.5% of Bitcoin in circulation.
BTC Price Overview
At the time of writing, Bitcoin was trading at $85,226 following a 0.36% gain in the past day and a 0.02% loss in the past week. Both metrics only reflect the ongoing market consolidation as BTC continues to struggle to achieve a convincing price breakout beyond $86,000.
Meanwhile, the asset’s performance on the monthly chat now reflects a 1.97% gain, indicating a potential trend reversal as the market correction ceases. Nevertheless, BTC remains in need of a strong market catalyst to ignite any sustainable price rally. With a market cap of $1.67 trillion, Bitcoin is ranked as the largest digital asset, controlling 62.9% of the crypto market.
Featured image from Adobe Stock, chart from Tradingview

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Bitcoin
Analyst Says Bitcoin Price Might Be Gearing Up For Next Big Move — What To Know


The Bitcoin price seems stuck in a consolidation range, ricocheting off the $83,000 and $86,000 levels over the past week. With no clear direction for the premier cryptocurrency, investors are left wondering what phase the market cycle is in—bullish or bearish.
According to a popular crypto analyst on the social media platform X, the Bitcoin price could be preparing for its next big move in either direction over the next few weeks. In any case, here are the important levels to watch out for in the next few days.
Crucial Levels To Watch For BTC’s Next Move
In an April 19 post on the X platform, crypto analyst Ali Martinez shared an interesting analysis of the Bitcoin price while highlighting the current layout of the world’s largest cryptocurrency by market cap. The online pundit noted that BTC bears and bulls are locked in a battle, leading to a choppy market condition.
Notably, the premier cryptocurrency appears to have entered the $83,000 – $86,000 range on Saturday, April 12. Hence, Martinez’s analysis basically revolves around the price of BTC bouncing off the support and resistance levels on its one-hour timeframe.
Source: @ali_charts on X
As shown in the chart above, the Bitcoin price attempted multiple times to breach the resistance zone around the $86,000 region over the past week. However, the bulls’ optimism was met with the staunch resilience of the Bitcoin bears, as the price of BTC almost always found its way back toward the $83,000 mark.
Most recently, the flagship cryptocurrency made its way toward the $86,000 level on Wednesday, April 16, but failed to break the significant resistance zone after the US Federal Reserve (Fed) chair Jerome Powell suggested that interest rate cuts might not be coming as early as anticipated by crypto traders.
Martinez noted in his post that the next significant move for the Bitcoin price depends primarily on the $83,000 and $86,000 levels. According to the crypto pundit, a breakout above the $86,000 mark could spell the start of a bullish run for Bitcoin, while a break below $83,000 could mean further correction for the market leader.
Bitcoin Price Overview
After reaching its all-time high of $108,786 in January 2025, the price of BTC has been on a steady decline in the past few months. According to data from CoinGecko, the flagship cryptocurrency has losst more than 22% of its value since hitting its record-high price.
As of this writing, the price of Bitcoin stands at around $84,530, reflecting a 0.3% decline in the past 24 hours. Meanwhile, the Bitcoin price is up by more than 1% on the weekly timeframe.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Featured image from iStock, chart from TradingView

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