Despite macro uncertainty, Bitcoin’s price remains surprisingly stable — and Bloomberg’s Eric Balchunas believes ETF investors and Michael Saylor are the key.
Balchunas said on April 16 that “ETFs and Saylor are scooping up all the selling from tourists, FTX victims, GBTC discount traders, government seizures — you name it.”
📊 Spot Bitcoin ETFs saw $131M inflows over the past 30 days and have added a total of $2.4B since Jan 1. According to Balchunas, these ETF holders have “stronger hands than most people think,” contributing to BTC’s price resilience.
💼 Meanwhile, MicroStrategy bought 3,459 BTC worth $285.5M on April 14 at an average of $82,618. The firm now holds 531,644 BTC.
🔻Bitcoin volatility remains low at 1.80%, with BTC trading at $84.6K, according to CoinMarketCap.
Even with Trump-era tariffs and interest rate uncertainty, Bitcoin stayed between $75K and $88K — well above its previous ATH of $73,679 from November.
📈 While broader markets struggle, Bitcoin’s relative strength is turning heads — even from former skeptics.
“I used to dislike Bitcoin, but it staying strong while the market falls is impressive,” said Dividend Hero to his 203K followers.
Is Bitcoin’s newfound stability a sign of maturity — or the calm before another storm?
Let us know your take👇
