{"id":22709,"date":"2025-04-03T19:28:56","date_gmt":"2025-04-03T16:28:56","guid":{"rendered":"https:\/\/forklog.com\/en\/the-trump-factor-1057-btc-move-after-years-of-dormancy\/"},"modified":"2025-04-03T19:28:56","modified_gmt":"2025-04-03T16:28:56","slug":"the-trump-factor-1057-btc-move-after-years-of-dormancy","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/the-trump-factor-1057-btc-move-after-years-of-dormancy\/","title":{"rendered":"The Trump factor: 1,057 BTC move after years of dormancy"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-keypoints article_keypoints\">\n<ul class=\"wp-block-list\">\n<li>Some bitcoin holders were spooked by Trump\u2019s \u201cliberation\u201d tariffs.<\/li>\n<li>Ethereum\u2019s on-chain picture remains negative.<\/li>\n<li>XRP faces the threat of a head-and-shoulders reversal.<\/li>\n<\/ul>\n<\/div>\n<p>CryptoQuant spotted 1,057 BTC, dormant for 7\u201310 years, suddenly on the move.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1,057 Bitcoin that hadn\u2019t moved in 7\u201310 years just woke up. <\/p>\n<p>Long-term holders may be preparing to sell. <a href=\"https:\/\/t.co\/A6I7Mo3ljX\">https:\/\/t.co\/A6I7Mo3ljX<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/1907729034248630500?ref_src=twsrc%5Etfw\">April 3, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The trigger may have been equity-market panic after Trump\u2019s <a href=\"https:\/\/u1f987.com\/en\/news\/trump-declares-liberation-day-with-new-tariffs\">\u201cliberation\u201d tariffs<\/a>.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Corporate buying didn\u2019t help<\/strong><\/h2>\n<p>CryptoQuant <a href=\"https:\/\/t.me\/cryptoquant_official\/2923\">estimated<\/a> large-company bitcoin purchases in January\u2013March 2025 at 91,781 BTC.<\/p>\n<p>The increase was driven by:<\/p>\n<ul class=\"wp-block-list\">\n<li>Tether \u2014 <a href=\"https:\/\/u1f987.com\/en\/news\/tether-acquires-8888-btc-bitcoin-reserves-reach-7-8-billion\">8,888 BTC<\/a>;<\/li>\n<li>Strategy \u2014 <a href=\"https:\/\/u1f987.com\/en\/news\/strategys-crypto-holdings-surpass-500000-btc\">81,785 BTC<\/a>;<\/li>\n<li>Metaplanet \u2014 <a href=\"https:\/\/u1f987.com\/en\/news\/metaplanet-acquires-150-btc-following-eric-trumps-appointment-to-company-board\">2,285 BTC<\/a>;<\/li>\n<li>Semler Scientific \u2014 1,108 BTC;<\/li>\n<li>The Blockchain Company \u2014 605 BTC.<\/li>\n<\/ul>\n<p>Analysts listed potential buyers of the leading cryptocurrency in the second quarter:<\/p>\n<ul class=\"wp-block-list\">\n<li>Marathon Digital: share sale worth $2bn;<\/li>\n<li>GameStop: issuance of convertible bonds <a href=\"https:\/\/u1f987.com\/en\/news\/gamestop-secures-1-5-billion-for-bitcoin-acquisition\">for $1.5bn<\/a>.<\/li>\n<\/ul>\n<p>Even so, this activity did not halt bitcoin\u2019s 12% slide.<\/p>\n<p>They attributed the drop to long-term holders \u201cunloading\u201d 178,000 BTC and ETF investors selling about $4.8bn.<\/p>\n<h2 class=\"wp-block-heading\">Money is still coming in<\/h2>\n<p>On April 2, inflows into exchange-traded products <a href=\"https:\/\/sosovalue.com\/ru\/assets\/etf\/us-btc-spot\">reached $220.8m<\/a> \u2014 the highest in three weeks.<\/p>\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1493.webp\" alt=\"1-1493\" class=\"wp-image-255728\" style=\"width:495px;height:auto\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>Cumulative net inflows rose to $36.24bn. <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> stood at $97.35bn.<\/p>\n<p>On April 2 the biggest contributions came from ARKB by ARK Invest &#038; 21Shares ($130.2m) and FBTC by Fidelity Investments ($118.8m).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-1058.webp\" alt=\"2-1058\" class=\"wp-image-255729\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\"><strong>Ethereum\u2019s twilight?<\/strong><\/h2>\n<p>Separately, CryptoQuant <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/67ed503518a91434623d5a85-Why-Ethereum-Is-Bleeding-Value-Fee-Crash-Meets-Hyperinflation-Hellscape\">addressed<\/a> the dynamics of the second-largest cryptocurrency. Analysts linked <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-falls-to-lowest-against-bitcoin-since-may-2020\">ETH\/BTC falling to its lowest since 2020<\/a> to an unfavourable on-chain picture.<\/p>\n<p>The number of active addresses has been steadily declining since the start of the year, while average fees have hit record lows.<\/p>\n<p>As on-chain activity stagnates, the burn rate has <a href=\"https:\/\/u1f987.com\/en\/news\/ethereums-daily-burn-volume-hits-record-low\">fallen<\/a> to its lowest level since The Merge, further intensifying inflationary pressure after the <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-developers-activate-dencun-hard-fork-on-mainnet\">Dencun<\/a> upgrade.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Risks of an XRP price \u201chalving\u201d<\/strong><\/h2>\n<p>The XRP chart shows the risk of a head-and-shoulders reversal, warned technical analyst Peter Brandt.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Don&#8217;t shoot the messenger.<br \/>Your favorite Beanie Baby\/Pet Rock crypto displays a classic complex H&#038;S top. This could become bullish if 3.0 is exceeded, otherwise the implications is a decline to 1.07. If you have an issue with this, take it up with Magee and Edwards <a href=\"https:\/\/twitter.com\/search?q=%24XRP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$XRP<\/a> <a href=\"https:\/\/t.co\/nHaIgn8uP4\">pic.twitter.com\/nHaIgn8uP4<\/a><\/p>\n<p>\u2014 Peter Brandt (@PeterLBrandt) <a href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/1905702765604839803?ref_src=twsrc%5Etfw\">March 28, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The price has approached the neckline in the $1.9\u20132.0 range. A break below could send it to $1.07.<\/p>\n<p>To avert that scenario, bulls need to push the price back above $3.<\/p>\n<p>BitMEX co-founder Arthur Hayes argued that if bitcoin <a href=\"https:\/\/u1f987.com\/en\/news\/arthur-hayes-identifies-a-critical-support-level-for-bitcoin\">holds $76,500<\/a> through US tax day on April 15, the market will shed uncertainty and volatility caused by US trade tariffs.<\/p>\n<p>Earlier in March, CryptoQuant founder and CEO Ki Young Ju said <a href=\"https:\/\/u1f987.com\/en\/news\/cryptoquant-ceo-declares-end-of-bitcoin-bull-market\">the bull market had ended<\/a> for digital gold. He expects prices to decline or move sideways over the next six to 12 months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some bitcoin holders were spooked by Trump\u2019s \u201cliberation\u201d tariffs. Ethereum\u2019s on-chain picture remains negative. XRP faces the threat of a head-and-shoulders reversal. CryptoQuant spotted 1,057 BTC, dormant for 7\u201310 years, suddenly on the move. 1,057 Bitcoin that hadn\u2019t moved in 7\u201310 years just woke up. Long-term holders may be preparing to sell. https:\/\/t.co\/A6I7Mo3ljX \u2014 CryptoQuant.com [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1146,991,46,1150,1268,112],"class_list":["post-22709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-market-forecasts","tag-donald-trump","tag-ethereum","tag-news-plus","tag-on-chain-analysis","tag-ripple"],"aioseo_notices":[],"amp_enabled":true,"views":"41","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=22709"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/22708"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=22709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=22709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=22709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}