Bitcoin Real-Time Briefing | April 28, 2025, 15:00 (UTC+8)
Price Dynamics
Bitcoin continued its volatile trend in today's morning session, currently quoted at $93,800, down about 2% from yesterday's peak. It briefly fell below $94,000 over the weekend, triggering over 100,000 liquidations within 24 hours, with total contract losses across the network reaching $380 million. Despite short-term pressure, the supply of Bitcoin on exchanges has dropped to its lowest level since 2018 (around 2.5 million), and the market may face potential supply tightening risks, with long-term bullish sentiment heating up.
Key Event Drivers
1. Trump’s Tariff Policy Disturbance: U.S. President Trump reiterated that “the possibility of suspending tariffs is low,” emphasizing that tariffs are “unexpected windfalls,” raising market concerns over escalating trade frictions, and risk assets generally came under pressure.
2. Institutional Accumulation Signals: Wall Street giant Strategy has released accumulation signals, with listed companies and institutions continuously withdrawing Bitcoin from exchanges, totaling over 350,000 this year, alleviating supply-side pressure.
3. Technical Game: Bitcoin's short-term support level of $93,500 has been tested multiple times effectively; if stabilized, it may challenge the resistance at $95,000; if it breaks below, it could drop to the $90,000 mark. Ethereum is also oscillating above the $1,780 support level, with attention on the breakout opportunity at $1,855.
Market Outlook
Analysts point out that the contraction in exchange supply and institutional entry may be building momentum for Bitcoin to break its historical highs, but Federal Reserve policies, macroeconomic data (such as the U.S. PCE inflation indicator on May 1), and geopolitical risks remain the main factors for short-term volatility.
