Article reprinted from: MarsBit
Bitcoin soared to $95,490, and the market is holding its breath for Trump's hundred-day governance speech. Over the past week, investors withdrew more than $4 billion in BTC from exchanges, sending strong bullish signals.
Trump's policy mix—potentially establishing a Bitcoin strategic reserve and restarting tariff threats—is creating a situation where opportunities and risks coexist. As the stock market comes under pressure, Bitcoin is benefiting from growing safe-haven demand.
On-chain data shows a sharp decline in exchange Bitcoin reserves. If market momentum and supply tightening continue, the conditions for breaking the $100,000 mark are maturing.
Monday's strong rebound
Bitcoin (BTC) rebounded strongly to $95,490 on Monday, coinciding with the market's preparations for Trump's hundred-day speech. As the announcement of cryptocurrency-specific policies approaches, investors are starting to adjust their positions—on-chain data is already showing signs.
Drivers above $95,000
CoinGecko data shows that Bitcoin rose 0.8% in 24 hours, reaching $95,490.92. During Monday's trading session, BTC fluctuated between $92,953 and $95,490, maintaining recent upward momentum. The weekly performance is also robust, up 8.9% from last Monday, with a cumulative increase of about 15% over the past 30 days. The crypto market is closely watching whether Trump will give a clear statement on the rumored Bitcoin strategic reserve proposal.
Massive capital migration
Just after Trump's controversial call for interest rate cuts, over $4 billion in Bitcoin flowed out of exchanges in the past week alone. Investors are clearly moving tokens to cold wallets, which is typically a bullish sign.
The crypto effect of Trump's hundred days in office
This round of Bitcoin's rise is not an isolated event—it is moving in sync with US stocks (especially tech giants), as the market attempts to anticipate the signals Trump’s speech may release. Analysts say that if Trump formally supports a Bitcoin reserve, it could trigger a parabolic surge towards $100,000. Conversely, if the focus shifts excessively to tariffs or severe budget cuts, it could impact the overall market and restrict Bitcoin's short-term upside.
TradingEconomics data shows that the inflation rate has dropped from 9.1% in 2022 to 2.4% in March 2025. Trump quickly attributed this to himself, but economists warn that his pro-tariff policies may reignite inflationary pressures.
Interest rate cut expectations cooling
Despite Trump's strong push for interest rate cuts and even threats to replace Federal Reserve Chairman Powell, the CME FedWatch tool shows a 90.1% probability that the interest rate will remain unchanged at the May 7 meeting. In short: the market has heard Trump's request but has not yet bought into it.
Asset rotation under the cloud of tariffs
Trump's ongoing tariff rhetoric continues to impact US stocks (especially the so-called 'Magnificent Seven' tech stocks); this uncertainty actually benefits Bitcoin—its safe-haven property as 'digital gold' is being recognized.
In comparison, Bitcoin has risen 5.6% this year, while the Nasdaq, S&P 500, and Dow Jones indices have all fallen 5% during the same period. Investors fleeing the turbulent traditional financial markets are beginning to favor Bitcoin's relative strength.
Is $100,000 in sight?
The geopolitical tensions and market anxiety during Trump's first hundred days of governance unexpectedly became a tailwind for Bitcoin. BTC holding the $90,000 level amidst the uproar is significant, demonstrating resilience while keeping the hope of hitting $100,000 alive.
CryptoQuant's on-chain data reveals key trends:
• Since April 22, exchange Bitcoin reserves have decreased by over $4 billion
• Weekly deposit scale plummeted from $237.8 billion to $233.8 billion
• Potential supply tightening is forming
If demand continues to be strong while available supply shrinks, the moment Bitcoin breaks through the six-figure threshold may come sooner than most expect.
