Dig Deeper, Invest Smarter
Speculation is mounting about the US government’s possible incorporation of XRP tokens into its national financial reserves, as well as the potential seizure of Ripple’s XRP escrow. However, Ripple lawyer Bill Morgan has denied these rumors, pouring cold water on the speculation. Is the US Govt. Planning to Seize Ripple’s XRP Escrow? In a recent
The post Lawyer Denies Rumors About US Seizing XRP Escrow for Reserve appeared first on CoinGape.
Next week, the U.S. Senate is set to release the draft of the Digital Asset Market Clarity (CLARITY) Act. Originally planned for this week, the draft’s release will coincide with “Crypto Week,” from July 14 to 18. This legislative push is part of broader efforts to create clearer regulations around digital assets in the U.S.,
The post US Senate To Release CLARITY Act Draft Next Week appeared first on CoinGape.
According to an on-chain analyst, the movement of dormant Bitcoins (BTC) increased by 121% in Q1 2025 compared to Q1 2024.
This shift may signal that long-term investors are reacting to broader economic trends or anticipating market changes.
In a recent post on CryptoQuant, the analyst revealed that investors moved around 28,000 dormant Bitcoins in Q1 2024. March was particularly noteworthy, with approximately 19,296 BTC moved. This was in contrast to the lower figures in January (approximately 3,034 BTC) and February (approximately 5,678 BTC).
“In the first three months of 2025, more than twice the amount of long-dormant Bitcoin has been moved compared to the same period in 2024,” the post read.
Comparing this to the first quarter of 2025, the total amount of Bitcoin moved was notably higher. Over 62,00 BTC, dormant for over seven years, was transferred. Specifically, investors moved 24,595 BTC in January, 21,820 BTC in February, and 16,456 BTC in March.
The analyst suggested that this surge in activity reflects a shift in sentiment among long-term Bitcoin holders. This shift could be driven by macroeconomic factors, evolving price expectations, or institutional liquidity demands.
Notably, 2025 has proven to be a turbulent year for Bitcoin. Geopolitical shifts, rising trade tensions, and growing economic concerns have significantly impacted the market.
Recently, Glassnode pointed out that Bitcoin has experienced its deepest drawdown of the cycle. In its weekly newsletter, the firm emphasized that investors are facing intense pressure. Furthermore, many are currently experiencing their largest unrealized losses ever.
“Current unrealized losses are largely concentrated among newer investors, while long-term holders remain in a position of unilateral profitability. However, an important nuance is emerging, as recent top buyers age into long-term holder status, as noted, the level of unrealized loss within this cohort is likely to increase,” the newsletter read.
However, Glassnode noted that BTC’s dip remains within the typical range of previous corrections seen in bull markets. Importantly, Bitcoin has also been on a recovery rally lately.
Over the past week, its value has appreciated by 8.9%. Yet, daily losses stood at 2.2%. At the time of writing, BTC was trading at $92,164. The decline wasn’t isolated, as the broader crypto market also experienced a correction.
Meanwhile, the increased movement of dormant assets is not limited to Bitcoin. A parallel trend has emerged in the Ethereum (ETH) market. Data from Lookonchain showed that in early February, a whale deposited its entire holdings of 77,736 ETH into Bitfinex after being inactive for six years.
In early April, Onchain Lens posted about an eight-year dormant whale moving 11,104 ETH worth 19.97 million.
“Of this, 247.93 ETH was sent to Coinbase and 10,856 ETH to a new wallet. The whale initially withdrew ETH for $2.51 million from Kraken and Gemini, 8 years ago,” Onchain Lens added.
This asset movement reflects investors’ strategic repositioning amid economic uncertainty.
The post Dormant Bitcoin Movements Surge by 121% in Q1 2025 Amid Sentiment Shifts appeared first on BeInCrypto.
Bitcoin (BTC) is poised to reach significant price milestones in 2025, backed by optimistic forecasts from Matrixport, Willy Woo, and other institutions.
With support from ETFs and a positive market sentiment, Bitcoin is a speculative asset and a promising long-term investment option. However, if the profitable supply exceeds 90%, the market must remain cautious of potential corrections.
The Bitcoin market is showing encouraging signs as the supply on centralized exchanges (CEX) has dropped to a 7-year low. According to data from CryptoQuant, only about 2.492 million BTC remain on exchanges. This is a sharp drop from 2.488 million BTC, recorded on the previous Friday.
Moreover, CryptoQuant reports that the percentage of Bitcoin’s supply in profit has surpassed 85%, a historically high figure. However, they caution that if this ratio exceeds 90%, the market may enter a “historic euphoria” phase and face a correction. This suggests that while the current metrics are favorable, vigilance is required to navigate potential volatility.
Over the past seven days, Coinglass data recorded approximately 56,164.88 BTC being withdrawn from CEX platforms. This indicates that investors are accumulating and reducing selling pressure, which is often seen as a bullish signal. A reduced supply on exchanges lowers selling pressure, paving the way for price growth.
Additionally, new capital inflow into the market is rising. According to a CoinShares report, $3.2 billion poured into Bitcoin funds in the last week of April 2025. These factors are bolstering confidence that Bitcoin could soon hit significant price targets.
Amid a generally optimistic market outlook, numerous experts and organizations have expressed positivity regarding BTC’s price. Matrixport, a reputable crypto service platform, asserts that Bitcoin’s upward momentum is gaining strength.
In its latest analysis, Matrixport indicated that Bitcoin is approaching the $106,000 resistance level, with a strong likelihood of breaking through this mark soon. Previously, Matrixport had predicted that new capital inflows into the market would propel Bitcoin past the $100,000 threshold.
This analysis is further supported by whales’ subtle yet significant accumulation, extreme greed sentiment, and high optimism, which have brought BTC closer to the $100,000 mark.
Willy Woo, a renowned analyst in the crypto industry, also shared an optimistic view on X. He believes that Bitcoin’s fundamentals have shifted to a bullish state, with the market likely to either move sideways or rise slowly in the coming period.
“BTC fundamentals have turned bullish, not a bad setup to break all-time highs,” he stated.
Woo emphasized that the “bullish ascending triangle” pattern he previously mentioned is forming, signaling a potential strong upward move if Bitcoin breaks through the resistance level.
Furthermore, a Coinness report revealed that 45.4% of South Korean investors believe Bitcoin will outperform gold in the next six months. It reflects strong confidence from a key Asian market.
Additionally, as reported by BeInCrypto, ARK Invest predicts that Bitcoin’s price could reach $2.4 million by 2030, driven by the growth of Bitcoin ETFs and increasing adoption by financial institutions. These long-term forecasts further reinforce the belief that Bitcoin’s potential extends far beyond the $100,000 mark, with significant growth prospects in the future.
The post Big Money Bets on Bitcoin: $3.2 Billion Inflows and Whale Accumulation Hint at $106,000 Breakout appeared first on BeInCrypto.