Ark Invest, led by Cathie Wood, bought 997 BTC worth $80 million via Coinbase on March 13, while also selling $9 million in Bitcoin ETFs. This comes amid a broader trend of $1.1 billion exiting spot Bitcoin ETFs.

Bitcoin is struggling to surpass $83,700, with fears of a drop to $75,000. However, Wood remains bullish, maintaining her $1 million price target for 2030.

Ark’s report notes Bitcoin’s 200-day moving average is at $82,000, while short-term bears are paying an average of $92,020 per BTC. The Fear & Greed Index has hit a two-year low, signaling "extreme panic."

A bullish indicator is Bitcoin’s Spent Output Profit Ratio (SOPR) resetting to 1, meaning sellers are breaking even. Historically, this has preceded price recoveries.

Ark’s “Bitcoin Reacts to Trump” report links the downturn to slowing Bitcoin circulation and declining consumer sentiment, particularly amid U.S. political uncertainty.