April 30, 2025

Selling Bitcoin worth $95,000 was a "profit-taking stress test"

Bitcoin's reaction to U.S. GDP figures was exaggerated, as data shows that Bitcoin sales in recent days surged near the $95,000 level as short-term traders took profits.

Key results:

U.S. GDP contracted by 0.3% in the first quarter, well below expectations of 0.3%, raising fears of a recession.

Bitcoin faces selling pressure as spot trading volume drops by $300 million in three days.

Whales are accumulating BTC, but smaller coin holders are selling, indicating profit-taking.

Bitcoin Price

Bitcoin

82,973 Euros

The price of gold fell below $93,000 on April 30, after U.S. GDP data revealed a contraction of 0.3% in the first quarter. While GDP growth came in below expectations of +0.3%, the GDP price index rose to 3.7%, the highest level since August 2023. According to Bully Market, the probability of an economic recession in 2025 is 67%, with consumer confidence falling to its lowest level since May 2020.

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