Bitcoin Real-time News Brief | April 24, 2025 1. Price Dynamics: Tug of War Between Bulls and Bears, Volatility Accumulates

Today, Bitcoin continues to exhibit a narrow range of fluctuations, with prices oscillating between $92,000 and $95,000, failing to effectively break through the critical resistance level of $95,000. Previously, Bitcoin spiked to $94,000 on April 23 but then retreated, with over 150,000 liquidations across the network in 24 hours, amounting to $593 million in liquidation value. Analysts point out that the market's sensitivity to Federal Reserve policies and Trump’s tariff policies has exacerbated short-term volatility.

2. Institutional Trends: Sovereign Funds Entering, Retail Investors Retreating

John D'Agostino, head of strategy for Coinbase's institutional division, revealed that in April 2025, sovereign wealth funds are accelerating their accumulation of Bitcoin through spot and ETF channels, viewing it as “digital gold” to hedge against inflation and macroeconomic risks. Meanwhile, retail investors are continuing to sell off, with funds flowing out of the market through ETFs. Countries like El Salvador and Bhutan have included Bitcoin in their foreign exchange reserves, and the trend of companies holding Bitcoin is also spreading.

3. Market Drivers: Policy Games and Interest Rate Cut Expectations

- Federal Reserve Policies: CME data shows that the market is anticipating a 55.8% probability of a 25 basis point rate cut in June, which could inject liquidity into the crypto market.

- Trump’s Tariff Impact: In early April, Trump’s tariff increases caused Bitcoin to briefly fall below $75,000; recently, his comments pressuring the Federal Reserve to cut rates have eased market panic, but policy uncertainty remains. #加密市场反弹 #币安Alpha上新 #BNBChainMeme热潮 #BTC #ETH