A crypto portfolio linked to the investment company based in London Abraxas Capital made the headlines after buying nearly $ 250 million Bitcoin in the four days preceding Easter.
The company acquired 2,949 BTC, reporting an institutional confidence renewed in cryptocurrency in the world of global trade tensions and an approaching Easter weekend.
According to the Blockchain Analytics Lookonchain platform, which cited the data from Arkham Intelligence, the latest purchase of Abraxas included more than $ 45 million Bitcoin from Binance on April 18.
The purchase of Bitcoin of $ 285 million in microstrategy opens the way to institutional accumulation
The acquisition closely follows the announcement of microstrategy according to which she had bought $ 285 million Bitcoin at an average price of $ 82,618 per room.
The decision of Michael Saylor’s company has further strengthened the bullish position held by the main business players.
The broader tendency to accumulation among institutional investors and cryptocurrency continues.
Recent data shows that these major holders collectively buy the quantity of new bitcoins used each year more than three times.
Despite such accumulation, analysts keep an attentive eye on medium -term holders – those who generally have Bitcoin for three to six months – who recently released more than 170,000 BTC in circulation.
However, concerns persist. The last two weekends have experienced notable disturbances in cryptographic markets.
On April 13, the Prix du Mantra (OM) plunged more than 90% in a single day, causing manipulation problems.
A week earlier, Bitcoin had dropped below $ 75,000 while global investors reacted to a record sale of 5 billions of dollars in the S&P 500.
As indicated, the search manager of 10x Research Markus Thielen argued that Bitcoin could enter a period of prolonged consolidation.
In a recent market note, Thielen has warned that short -term technical signals paint a more cautious image, even if many analysts provide new heights of all time by the middle of the year.
Thielen indicated the Stochastic Bitcoin oscillator, a technical indicator that measures the momentum, suggesting that the market displays more coherent features with a late summit than the start of a new bull.
Lyn Alden says Bitcoin would be higher without Trump’s pricing shock
The eminent macroeconomics Lyn Alden estimates that Bitcoin is on the right track to finish 2025 above its current price of around $ 85,000.
“Above all this Kerfuffle rate, I would have had a higher price goal,” said Alden in a recent interview.
While she is still expecting Bitcoin to have gains by the end of the year, Alden noted that the prices introduced in February tempered her previous upward perspectives.
Alden explained that a major boost could push Bitcoin to more ambitious targets.
Such a scenario can occur if the American bond market faces a crisis, which has prompted the federal reserve to respond with quantitative control or control of the yield curve.
Despite the current macro -opposite winds, Alden thinks there is still “good luck” that Bitcoin exceeds the $ 100,000 mark in 2025.
However, she warned that the volatility of the global market remains a key obstacle, in particular because Bitcoin is negotiated continuously – unlike traditional stock markets with limited negotiation hours.
“Because it is negotiated 24/7, if people are concerned about the way things will open on Monday, certain capital swimming pools can sell their bitcoin on Sunday and prepare,” she said.
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