Diverging From Traditional Markets

On March 7, the S&P 500 was trading above 5,700 points. Today, it has dropped below the 5,200 level. In contrast, Bitcoin has managed to recover its recent losses and move upward. While BTC is still down over 5% year-to-date, it has seen a strong rebound from its April 8 low.

Back then, Bitcoin was nearly 20% lower since the start of the year and had dropped almost 30% from its all-time high near $109,000 in January. That move marked the deepest correction of this cycle, even sharper than the August 2024 dip to $49,000.

Negative Funding Rates and Short Squeeze Setup

Another key detail is the negative perpetual funding rate across futures markets. This suggests that short sellers are paying long positions to keep trades open — a situation that can trigger short squeezes and drive prices even higher as shorts rush to exit.

ETF Inflows Fuel Momentum

Adding to the bullish sentiment, over $380 million flowed into U.S. spot Bitcoin ETFs on Monday, the largest daily inflow since January 30.

With the Nasdaq rising more than 1% during what’s been dubbed a “Turnaround Tuesday,” Bitcoin may have more room to climb, despite upcoming technical resistance levels.

This latest move by BTC reflects growing investor appetite for risk and underscores the impact of rising ETF demand on crypto market dynamics.

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The post Bitcoin Breaks $90K! Is the Rally Gaining Strength? appeared first on Coin Engineer.

Bitcoin Becomes Less Nasdaq, More Like Gold

According to Nansen CEO Alex Svanevik, Bitcoin has recently taken on a profile that is “less Nasdaq, more gold.” In the two-week period ending April 22, Bitcoin saw a 12% recovery, despite rising tensions between the U.S. and China over reciprocal tariffs. On April 9, the U.S. raised tariffs on Chinese goods to 125%, and China responded in kind on April 12.

During this escalation, Bitcoin proved more resilient than both altcoins and major equity indexes like the S&P 500. Svanevik said the performance highlights how investors are beginning to treat Bitcoin as a hedge in times of geopolitical and economic instability.

Still, he cautioned that the risk of economic recession could weigh on demand for speculative assets. However, regulatory momentum and the U.S. government’s evolving approach to Bitcoin reserves could act in BTC’s favor.

U.S. Explores Alternative Ways to Expand Bitcoin Reserves

In addition to holding BTC assets seized in criminal cases, the U.S. government is now working on “budget-neutral strategies” to increase its Bitcoin holdings. As part of an executive order signed by President Donald Trump, discussions include using tariff revenue and reassessing Treasury gold certificates to fund additional purchases—without needing to sell gold.

Bo Hines, a member of the Presidential Council of Advisers for Digital Assets, said on April 14 that the government is actively exploring “many creative ways” to support its Bitcoin strategy.

Recession Risk Rises: What It Means for Bitcoin

According to a report released by JPMorgan on April 15, the probability of a U.S. recession in 2025 has risen to 60%. The report noted that although recent reductions in Liberation Day tariffs have softened some of the global trade shock, the remaining 10% universal tariff and 145% rate on Chinese imports still pose a serious threat to economic growth.

JPMorgan expects the Federal Reserve to begin cutting interest rates in September 2025, continuing through early 2026, with the policy rate potentially reaching 3% by mid-2026.

With these macroeconomic pressures mounting, the market is entering a period that could define whether Bitcoin emerges as a reliable hedge—or remains categorized as a high-risk asset.

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Bitcoin, the leader of the crypto markets, has reached the $39,500 level, marking its highest level since May 2022. Now all eyes are on whether Bitcoin will cross the psychological threshold of $40,000. Expectations are also directed towards the decision of the SEC (Securities and Exchange Commission of the United States) regarding Bitcoin spot ETF.

Lately, BTC has gained substantial momentum. Once again returning to its old shining days, there is curiosity about whether Bitcoin, a threshold that could affect the entire cryptocurrency and finance sector, will exceed the $40,000 level. As a result, Bitcoin is at 40000!

The SEC’s decision will be decisive in the value of the leading cryptocurrency. It has been reported that a decision for Bitcoin spot ETF applications will be given between January 8 and 10. Markets are eagerly awaiting how this decision will affect Bitcoin and other cryptocurrencies. The decision can be approval, rejection, or postponement, which is known. However, developments in previous ETF applications create uncertainty in the industry.

Bitcoin Technical Analysis What will happen to BTC?

Experts suggest that a series of positive news is necessary for BTC to exceed the $40,000 threshold. Therefore, the decision that SEC will make on Bitcoin spot ETF submissions could play a crucial role in this process.

Bitcoin attracted attention by making a robust closing on the daily chart over $38,000 with a sharp increase. Subsequently, it made a sharp upward movement against the resistance levels of $39.410-$39.900.

If it could find support at these levels, it could continue its rise up to $45,445. However, if it cannot pass resistances, it can drop to the support level of $37,760 with the possibility of retraction. If BTC ranges this region, positive price movements can be observed in altcoins.

This rise of Bitcoin could mean a new bull period in the cryptocurrency markets. However, as always, it is worth reminding cryptocurrency investors to be careful in this dynamic sector day and night and to make conscious investments.

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