“Short -term bitcoin correlations with gold and NASDAQ indexes are only misled. About it writes The Block with reference to the Bernstein report. Analysts of an investment company, led by Gutam Chhogan, consider more accurate indicators: reduction of retail sales; growing corporate accumulation races; Restoration of the inflow of funds into stock funds. All of these factors lead to the “reduction of the proposal” of digital gold, which is aimed at new maxima, experts say. Past […]”, – WRITE: Businessua.com.ua
Short -term bitcoin correlations with gold and NASDAQ indexes are only misled. About it writes The Block with reference to the Bernstein report.
Analysts An investment company, led by Gautam, is considered more accurate indicators:
- reduction of retail sales;
- growing corporate accumulation races;
- Restoration of the inflow of funds into stock funds.
All of these factors lead to the “reduction of the proposal” of digital gold, which is aimed at new maxima, experts say.
Last week, Cantor Fitzgerald, in conjunction with Softbank, Tether and Bitfinex, introduced the Bitcoin -oriented investment company Twenty One Capital. It is expected that the starting volume of its reserves will be 42 000 BTC. In addition to investing from the project participants, the structure plans to raise $ 385 million through convertible bonds and $ 200 million by selling shares before going out.
“Twenty One seeks to repeat the Bitcoin scenario of Strategy, albeit with a lower capital base,” Bernstein noted.
Michael Sailora has raised about $ 22 billion in 2024 and another $ 8.6 billion in current with various financial instruments. Twenty One Analysts see her sponsors – only Tether’s net profit was $ 13 billion last year.
“In any case, playing bitcoin accumulation becomes competitive,” Bernstein experts stated.
Institutionals accumulate digital gold. States on the approach? Currently, about 80 public companies have a total of 700,000 BTC – 3.4% of the theoretical issue of cryptocurrency of 21 million coins.
The dynamics of bitcoine reservoirs Strategy and other companies. Data: Bernstein.
After about two months of “sluggish streams” against the background of the fall of bitcoin by 31% of the historical maximum, the receipt of the ITF in the early April became positive again. Last week, the figure amounted to $ 3 billion – a record value in five months, analysts said.
The coins withholding funds account for more than 5.5%of the total proposal, which is equivalent to AUM about $ 109 billion. At the same time, the share of institutions accounted for almost 33%, while in September 2024 the figure was 20%.
The distribution of particles in the default BTC-ETF. Data: Bernstein.
Among the institutions, 48% of bitcoin-ETF volumes contain investment consultants, 31%-hedge funds.
Together, almost 9% of the first cryptocurrency is stored in exchange products and corporate reserves.
A recent US Presidential Decree on the creation of bitcoin reservos can be a catalyst for taking digital gold beyond institutions and corporations, Bernstein experts are confident.
Although the current impulse from the accumulation of cryptocurrency by companies can push it to the new maximums of 2025, potential purchases by the Government of the United States are not embedded in the price, they stressed.
BTC Stock Exchange Reduce Bitcoin residues on the exchanges decreased to 13% of the total issue from 16% at the end of 2023. But given the rise in price during this period, in dollar terms, digital gold stocks at the trading venues even increased, recognized in BersNstein.
The co-founder and CEO Satoshi Action Fund called the reduction of bitcoin balances with a bull-signal signal. But his opinion on such an indicator was challenged by analyst James Checkmate.
Oh, We’ve Seen It Before.
Engagement Farming with Exchange Balans is SO 2021.
Hop on the M2 Supply Wagon Institute. https://t.co/kmbfrokevh
– _Checkmate 🟠🔑⚡☢️🛢️ (@_Checkmatey_) April 26, 2025
According to it, most often, coins from platforms accept the movement of assets for some reason between wallets. The check believes that it is more important to monitor the global money supply – the M2 unit. Earlier, Bitwise noted that an increase in the “historically favorable condition” for risky assets such as bitcoin.
Bernstein analysts predict that by the end of 2025 cryptocurrency will reach the peak of the current cycle at about $ 200,000. With inevitable bear periods, they expect a price of $ 500,000 by 2030 and a course at $ 1 million by the end of 2033.
“In the long run, we believe that the fundamental indicators of bitcoin are determined by its own demand trajectory and a mathematically proven unchanged supply of 21 million coins. Today, 19.9 million BTC has been extracted, and almost 95% of the remaining 1.1 million will be generated over the next 10 years, ”the company experts emphasized.
Traders expect correction before continuing growth A number of analysts believe that Bitcoin protests the reached levels of support for rally to the new maxima.
$ BTC SUNDAY UPDATE:
Interesting Week Ahead with Earnings Reports from Meta, Amazon & Apple, But Also Pce Inflation Data and Labor Market Data.
I’ll keep de-risking my swing long trade from $ 77k by Continue Taking Profits in this Current Zone. Spot Bags Are Fine.
🧵 ↑ (1/4): pic.twitter.com/vk3jjsettp
– Crypnuevo 🔨 (@crypnuevo) April 27, 2025
“Everything is very simple – I do not see the recovery of the impulse yet. It is possible that we will see the third stage of growth of up to $ 97,000, when there will be some liquidity, ”the cryptoder wrote under the nickname Crypnuevo.
At the same time, he allowed a reticent with quotes of a 50-day exponential average for 4-hour timeframe, which is $ 91 850.
A private analyst under the pseudonym Roman expects a deeper subsidence – up to $ 88,000. He referred to the Stochastical RSI indicator that signals the permeability.
Roman agreed with the YouTube blogger Matthew Hayland, but noted that the fall could be preceded by an increase of up to $ 99,500.
The trader with Nick Skew pointed to the “indecision” of investors, which led to the current price movement. He recommended focusing on the range of $ 90,000-92,000.
At the time of bitcoin writing, it is traded in the $ 94,500 area. Over the last day of the quotation, they have almost unchanged.
The cryptocurrency index of fear and greed is in the neutral zone at the mark of 54, although on April 23 the figure reached 72.
Source: Alternative.
Recall that Ark Invest predicted the growth of the first cryptocurrency to $ 2.4 million by the end of 2030 against the background of adopting an asset by institutions and sovereign funds.
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