$BTC Here’s a detailed update on the latest Bitcoin (BTC) news, covering price trends, institutional activity, and expert predictions as of April 2025:
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### **Bitcoin Surges Toward $95K Amid Macro Uncertainty**
Bitcoin is rallying for a third consecutive day, currently trading at **$93,660** (up 2%) and briefly touching **$94,617**, its highest level since March 3. The surge follows:
- **Softer rhetoric from former President Trump** on China tariffs and Fed Chair Powell, easing market tensions .
- **ETF inflows**: Spot Bitcoin ETFs saw **$936 million in daily inflows**—the highest since January—as investors seek hedges against stock market volatility and a weakening U.S. dollar .
- **Short squeezes**: Over **$300 million in short positions were liquidated** in 24 hours, fueling upward momentum .
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### **Whales Accumulate BTC, Signaling Confidence**
On-chain data reveals **large investors (whales)** are aggressively buying:
- Wallets holding **10,000+ BTC** scored a **0.90 accumulation trend** (Glassnode), while exchanges saw the **highest BTC outflows in two years**, suggesting long-term holding .
- Analysts note this mirrors past bull cycles where whale activity preceded major price breaks .
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### **Key Resistance Levels and Predictions**
- **Near-term**: $95,000 is the next resistance; a break could target **$100,000** .
- **2025 forecasts**: Institutions like **Standard Chartered** and **Bernstein** predict BTC could hit **$200,000**, driven by ETF adoption and institutional demand .
- **Long-term**: Fidelity’s macro team projects **$1 million per BTC by 2030**, citing Metcalfe’s Law and network growth .
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### **Macro Drivers**
- **Decoupling from stocks**: BTC’s 30-day correlation with the S&P 500 dropped to **0.65**, highlighting its role as a hedge .
- **Dollar weakness**: The USD’s decline and gold’s underperformance (8% gain vs. BTC’s 10% in April) are boosting crypto appeal
