Bitcoin Charges Toward $95K as Bulls Strengthen Grip

In the past 24 hours, Bitcoin rose by 0.7%, edging closer to $95,000 as bullish momentum persisted, buoyed by the delay of U.S. customs duties and renewed optimism among investors.

Volatility on the market also subsided: the daily volume of forced liquidations dropped to $183 million, a sharp decrease compared to the $1 billion level recorded on the most active trading days. Notably, $119 million of the liquidations were attributed to long positions.

A noteworthy development: liquidations in obscure altcoins ($34 million) have now outpaced Bitcoin’s ($31 million), hinting that shorting altcoins is no longer yielding easy profits.

This shift could mark a key signal that the market is stabilizing and possibly forming a bottom.

• Fear and Greed Index remains at 51, reflecting neutral sentiment.
• Altseason Index sits at 16 points.
• Bitcoin dominance steady at 63.3%.

The trends among altcoins mirror this sentiment, as their fragmented price actions show no indication of a unified upward breakout across the sector.

BTC Technical Overview

• Bitcoin's double bounce off $92,000 and $93,000 support areas led to a move toward $95,000 at the start of the week, underlining the resilience of the bulls.
• Lower market volatility has helped reset the 4-hour RSI, pulling it out of overbought territory—a signal often preceding further gains.
• The $92,000 threshold, a former resistance point, now firmly serves as critical support in sustaining Bitcoin's upward momentum.

A break above $95,000 would likely propel Bitcoin toward the important psychological resistance at $100,000.

While some market forecasts now point to a possible advance up to $107,000, analysts are urging caution. The current market structure suggests that many short-term investors are eyeing profit-taking opportunities, which could spark renewed downward pressure.

Bitcoin ETFs Bounce Back Strong

Last week, American spot Bitcoin ETFs posted their strongest results since the beginning of the recent market turbulence.

On April 25, 2025, the final trading day, net inflows amounted to $380 million. Throughout the week, cumulative investments surpassed $3 billion, with BlackRock’s iShares Bitcoin Trust ETF (IBIT) attracting roughly $1.4 billion in new funds.

Bitcoin’s Correlation With Gold Strengthens

Bitcoin’s ties to the tech sector are weakening: its 30-day moving average correlation with the Nasdaq Composite has dropped significantly from 0.75 to 0.27.

Conversely, Bitcoin’s connection to gold has grown stronger, now posting a correlation of 0.54 — a sharp contrast to February’s negative -0.7 figure.

In the context of Bitcoin’s price surge and increased trading volumes in the gold market, the view of Bitcoin as “digital gold” is once again gaining strength.

Another important development has been the shifting perception of Bitcoin among institutional players, as financial and political tensions intensify across the United States.

Investment firm NYDIG reports that due to mounting unease over Trump’s volatile policies, Bitcoin is increasingly seen as a shield for preserving capital — moving beyond its old image as just a speculative bet.

“Geopolitical tensions, including tariffs, remain topical (despite Trump walking back many of them), but political pressure from Trump on Fed Chair Powell, and even speculation about his potential dismissal that added to market unease. In many ways, this is exactly the kind of environment where bitcoin should shin,”

Greg Cipolaro, Global Head of Research at NYDIG.

In his view, gold and the Swiss franc still top the list of safe-haven assets. Yet Bitcoin is steadily carving out its space, boosted by the ongoing weakness of the U.S. dollar and traditional stock markets.

If this trajectory continues, Bitcoin could break through to new record highs in 2025.

Read on: Crypto Whale Activity: What It Means for Your Investment Portfolio