$BTC

📊 Today's Bitcoin Market Overview (April 28, 2025)

• Current Price: Approximately $95,451

• 24-Hour Change: +1.73%

• Daily Trading Range: $92,953 – $95,533

🔍 Market Dynamics and Observations

• Strong Institutional Buying: Strategy (formerly MicroStrategy) has increased its holdings by 15,355 BTC in the past week, totaling approximately $1.42 billion, bringing its total holdings to 553,555 BTC, with an average cost of $64,459.

• Technical Support: Bitcoin's price remains stable above the 78.6% Fibonacci retracement level (approximately $91,780), indicating a strong upward trend.

• Macroeconomic Impact: The U.S. has raised tariffs on Chinese goods to 145%, triggering global economic uncertainty and increasing demand for Bitcoin as a safe-haven asset.

Bitcoin's 'Digital Gold' Narrative is Strengthening

Recently, the 30-day correlation coefficient between Bitcoin and gold reached 0.70, while the correlation coefficient with the Nasdaq 100 index was 0.53, indicating that Bitcoin's market behavior is closer to gold, reinforcing its role as 'Digital Gold'.