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Bitcoin trades above the $85,000 level, a sign of a minor upward movement following weeks in which prices were consolidated. Today, Bitcoin is trading up by 2.2% in the daily chart. Some traders are anticipating a more significant rally. However, broader timeframes paint a different picture.
Bitcoin has fallen over 8% in the past month. From its all-time peak of $109,000 reached back in January 2025, Bitcoin’s decline is more than 20%.
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BTC is accumulated by public companies while long-term holders sell
CryptoQuant’s blockchain data has still published an article despite the underperformance. breakdown Bitcoins accumulated by corporations in the 1st quarter of 2025.
These data show a rapid accumulation of Bitcoins by public companies. Between January and March these companies added 91 781 BTC in total to their balance sheet, showing continued faith in Bitcoin’s potential long-term value.
Tether was one of the biggest buyers in Q1 2020, adding 8,888 BTC to its total holdings. MicroStrategy was the top buyer in Q1 2025. aggressive acquirerThe purchase of 81,785 BTC is worth more than $8 billion.
Semler Scientific (+1,108 BTC), Metaplanet (plus 2,285 BTC) and The Blockchain Company (+605 BTC) were also participants.
CryptoQuant mentioned Marathon Digital’s plans to sell $2 billion worth of stock to finance future Bitcoin purchases. GameStop, meanwhile, is looking at a convertible note offer for $1.3 billion to help it enter the Bitcoin investment market.
This strong demand, however, was not sufficient to maintain Bitcoin’s value. CryptoQuant stated that the long-term owners of Bitcoin sold around 178,000 BTC in this same time period.
This was the situation exacerbated by outflows Price action was also affected by approximately $4.8 Billion in ETFs that track spot Bitcoin.
In Q1, $4.8 billion was withdrawn from Bitcoin ETFs, adding to the pressure.
Despite the corporate purchases, it is possible that this outflow wave has a heavy impact on pricing. pic.twitter.com/gZZz5RJxdK
— CryptoQuant.com (@cryptoquant_com) April 2, 2025
Analyst Identifies Bitcoin Support Levels
BorisVest is a CryptoQuant Analyst identified There is a significant support zone that exists between $65,000 to $71,000. The Active Realized Price (ARP) and True Market Mean price are the two key metrics that determine this range.
Active Realized Prices, which currently hovers around $71,000, are filtered out long-dormant coins To better reflect more active participants in the market. True Market Price, at $65,000, represents a more encompassing average of recent transactions.
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BorisVest said that Bitcoin may see strong demand in this area if the price of Bitcoin falls below that level. long-term holders and institutional buyers alike. He argued that this region could be a base for future accumulation, and even act as the springboard of a new upward trend.
While some participants in the market continue to sell their stocks, it appears that others are taking advantage of this consolidation and accumulating.
Charts from TradingView and DALLE were used to create the featured image.
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Source: www.newsbtc.com
