📈 Bitcoin Back as a Safe Haven — Are Institutional Investors Returning? $BTC

Bitcoin has shown a strong recovery above $87,000, recouping a significant portion of the losses triggered by Donald Trump's "Liberation Day." Analysts at QCP Capital note that Bitcoin is regaining its status as a safe-haven asset amidst gold reaching new highs and ongoing declines in the stock market.

📊 What's Happening:

* Funds are flowing back into BTC ETFs, suggesting renewed confidence.

* The options market is exhibiting balanced activity after weeks of being skewed towards short puts.

📉 Dollar Weakness — A New Driver for BTC Growth:

* Matrixport highlighted that recent statements from Trump regarding a potential resignation of Fed Chair Powell have increased pressure on the dollar.

* The inverse correlation between USD and BTC is strengthening: a decline in the dollar fuels demand for "digital gold."

📌 Focus on the $88,800 Resistance Level — A break above it could pave the way to new all-time highs.

🔮 Nansen's View: They believe the market will reach a local bottom by June, with future movement determined by US trade negotiations with trading partners regarding tariffs.