Bitcoin (BTC/USD) is currently fluctuating around $94,460, encountering significant resistance at $94,750. This level is forming a potential double-top pattern, which could hinder its short-term momentum. However, a more profound market shift is quietly emerging that could alter the long-term direction of Bitcoin.
Recent findings from Fidelity Digital Assets indicate that BTC balances held on exchanges have reduced to 2.6 million, marking the lowest point since November 2018. Since November 2024, 425,000 BTC have left exchanges, with 350,000 BTC purchased by public companies following the recent U.S. election.
We have observed a decline in #bitcoin supply on exchanges due to purchases by public companies, a trend we expect to accelerate soon. Here are some current trends:
— Fidelity Digital Assets (@DigitalAssets) April 24, 2025
Fidelity suggests that this trend is not speculative; rather, it signifies a deliberate shift toward long-term accumulation and cold storage by institutional investors. They predict this trend will gain momentum in 2025, particularly as Bitcoin is increasingly integrated into treasury allocation strategies.
Growing Supply Shock Amid Increased Demand
A significant supply shock is unfolding. Fidelity reports that institutional purchasers—such as hedge funds, corporations, and sovereign wealth funds—are acquiring an average of 30,000 BTC each month in 2025.
These entities typically do not quickly rotate their assets; instead, they utilize custodians and cold wallets, which effectively locks liquidity for longer durations.
Important Institutional Metrics:
- Bitcoin reserves on exchanges: 2.6 million (a 5-year low)
- Holdings by corporations: +350,000 BTC since November 2024
- Monthly inflow in 2025: 30,000 BTC
- Overall impact: A shift from liquidity to long-term custody
This decrease in liquidity leads to tighter supply conditions for price discovery. With expanding demand and a shrinking float, even modest buying activity could cause large price fluctuations.
Bitcoin Technical Analysis: $94,750 Crucial for Next Steps
From a technical analysis standpoint, Bitcoin is at a critical juncture. It has established a double top at $94,750, with declining momentum illustrated by a flattening MACD and an overbought RSI.
Short-term support is found at the 50 EMA ($91,740), while $92,800 serves as the key trigger for a breakdown.
Trading Setup:
- Short position below: $92,800
- Targets for downside: $91,590, $90,610, $89,640
- Invalidation level: If it breaks above $94,800
- Targets if bullish breakout occurs: $96,150 and $97,500
Currently, price movements appear cautious. However, if the double top pattern is broken, technical and fundamental indicators could align—making Fidelity’s prediction of Bitcoin reaching $200,000 seem plausible.
In Summary
The technical resistance of Bitcoin at $94.7K may soon coincide with a fundamentally diminishing supply. As cold storage strategies replace exchange liquidity and companies start viewing Bitcoin as a macro reserve asset, a foundation is being established not only for price growth but also for structural scarcity.
While patience may be essential, the eventual breakout could be sharper and happen faster than anticipated.
BTC Bull Token Approaches $5M Mark with 83% Yield Boosting Staking Interest
Participation in the BTC Bull Token ($BTCBULL) continues to rise, as the Ethereum-based project nears a significant funding goal. As of Friday, the presale has achieved over $5 million. Currently priced at $0.00248, interested buyers have a limited opportunity to enter before the next price hike.
Yield-Focused Utility with Flexible Access
What sets BTCBULL apart from standard meme tokens is its emphasis on utility. The project provides a staking system that offers an estimated 83% annual yield along with Bitcoin distribution rewards. Importantly, stakers are allowed to access their tokens anytime, without fixed lockup periods or withdrawal delays.
Latest Staking Insights:
- Total Tokens Staked: 1,268,011,229 BTCBULL
- Estimated Annual Yield: 83% APY
- Unstaking Policy: Accessible anytime
This structure attracts both individuals seeking passive income and those looking to benefit from future token appreciation without losing liquidity.
Presale Overview and Market Trends
The presale is entering its final phase before the token price increases. With just under $754,000 left until the next tier, current buyers are taking positions in anticipation of an imminent price rise.
Presale Data (as of today):
- Token Price: $0.00248
- USDT Raised: $5M of a $5.74M goal
BTCBULL combines yield generation with potential price growth, offering a distinct entry point for those navigating the changing landscape of meme tokens. As the funding goal nears completion, the next price increase may come sooner than expected.
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