After a strong 5% surge, Bitcoin is cooling off, down 1.21% today. But the good news? It’s still holding above $85K, a level it struggled to break for 10 days. So, what pushed BTC higher, and where is it headed next? Let’s dive in.
Fed Sparks a Rally—Bitcoin Blasts Past $86K
On Wednesday, the Federal Reserve paused rate hikes and slowed its balance sheet reduction . Markets had expected this after cooling inflation but hearing it straight from the Fed gave investors a confidence boost.
Bitcoin wasted no time. It soared past $86,800, fueled by a weaker dollar and falling Treasury yields. And with the Fed still considering rate cuts later this year, could this be the start of something even bigger? Investors seem to think so.
Bitcoin ETFs See $500M Inflows—Whales on the Move
Another bullish sign? Bitcoin ETFs are back in demand. After three weeks of outflows, they pulled in $512 million in just three days . Wednesday alone saw a massive $209 million inflow—the first streak of positive netflows since January.
At the same time, whales jumped in. Large BTC transactions over $100K surged 40%, climbing from $32 billion to $42.9 billion. With big players buying in, Bitcoin’s momentum looks stronger than ever.
Long-Term Holders Scoop Up $14B—A Bullish Bet?
Even after Bitcoin’s drop from $90K to $80K in the beginning of March, long-term holders didn’t panic. Instead, they bought the dip. Data from Glassnode shows they added 167,000 BTC, worth nearly $14 billion, marking their first net accumulation of 2025.
Why does this matter? When experienced investors start stacking BTC, it signals strong confidence in the long run. If history repeats, Bitcoin could be gearing up for another big move.
What’s Next for Bitcoin?
With institutional demand rising, whales accumulating, and long-term holders doubling down, Bitcoin’s foundation looks solid. Could this be the start of a new bull run? Or will BTC take a breather before the next leg up? One thing’s certain—investors are watching closely.
