Highlights
- Analyst reports that Bitfinex whales have increased long positions.
- Representative Byron Donalds intends to introduce legislation establishing a permanent Bitcoin reserve in the US. This demonstrated bipartisan support for crypto-friendly policies.
- The recent acquisition by BlackRock may drive demand and reduce the duration of any BTC price declines.
Institutional investors have heavily influenced recent fluctuations in the BTC price. The recent purchase by the AUM firm BlackRock underscores this trend.
Analyst Vivek shared on X that BlackRock purchased $48 million worth of BTC. This move indicated that institutional investors continue to buy into Bitcoin, even amid current market corrections.
This move of this AUM firm highlights a growing interest in BTC that could potentially drive prices higher. Market liquidity plays a crucial role in the BTC price performance, and recent developments may signal a shift.
Bitcoin has navigated a volatile market in the past few weeks, but a catalytic next event could shape its next move.
The crypto market remains buoyant, supported by positive factors like BlackRock’s significant Bitcoin acquisition. As macroeconomic pressures ease, these factors will take effect in the upcoming sessions.
Already, there is a lot of heat surrounding the most recent buys by AUM. This has ignited discussions about its potential to advance Bitcoin price recovery. Consistent buying from these players reflects confidence in BTC’s long-term value.
As a result of these buys, a wave of bullish analyses has emerged within the online community. The previously bearish Sentiment now appears to be tipping toward optimism. Moving ahead, this suggested a potential shift in market dynamics.
Bitfinex Whales Continues Piling Into Longs On Bitcoin: Is BTC Price To Fly Soon?
As per an X post, the data from Bitfinex revealed a notable trend. Analyst RoundtableSpace pointed out on March 2, 2025, that whales on the platform have been aggressively increasing their Bitcoin long positions. This trend has been noticed in recent days.
Over the past two weeks, he confirmed in a recent post that market sentiment is shifting. Additionally, margin trading showed a consistent rise in long positions.
In fact, more than 13,787 Bitcoins have been added in just 17 days. This brought the total value of long positions to an impressive $5.7 Billion. This surge indicated a bullish outlook among leveraged traders.
In addition to this market activity, there’s significant news on the legislative front. Representative Byron Donalds is reportedly preparing to introduce a bill to create a permanent strategic Bitcoin reserve in the US.
The legislation also proposes establishing a digital asset stockpile to strengthen the country’s position in the crypto space. It also seeks to codify an executive order signed by President Donald Trump earlier this month.
This ensures that future administrations cannot readily change this policy through executive action. This development indicates that cryptocurrency-friendly policies continue to gain traction in Washington. These are garnering bipartisan support in the current Congress.
What’s To Come In BTC Price In Future Sessions?
Analysts are observing that BTC price has demonstrated resilience even in the face of multiple declines. Javon Marks highlighted a recent recovery of over 36%, suggesting that this could signal a path toward new all-time highs.
He emphasized that the underlying strength of Bitcoin persists despite the short-term price fluctuations.
Market analyst Ali Charts added that BTC crypto must hold above the $74,000 mark to maintain its upward momentum. A drop below this level could initiate a significant trend reversal, potentially leading to further declines in value.
However, the recent acquisition by BlackRock may bolster demand. This could shorten the duration of any price downturn.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.