Bitcoin tests a key support level

Weekend sell-offs pulled Bitcoin down to 93,029 dollars, slipping below the 93,507-dollar level where the year began. A mild rebound lifted BTC back toward 94,209 dollars, yet overall pressure on the crypto market remains intact. Meanwhile, investors continue to question why the market failed to recover even after the U.S. government ended its 43-day shutdown. This development created a contrast with the optimistic expectations that dominated early 2025.

Corporate interest rises, but the price remains under pressure

The strong outlook at the beginning of 2025 was supported by the Trump administration’s pro-crypto stance and increasing corporate Bitcoin treasury allocations. Additionally, fresh inflows into spot Bitcoin ETFs boosted expectations. Despite these favorable factors, BTC continued its decline as regulatory momentum increased. A major reason behind the weak price action has been profit-taking by long-term holders and OG Bitcoin investors. According to Glassnode analysts, this behavior is not panic-driven but rather a typical late-cycle pattern. At the same time, leading altcoins such as Ethereum and Solana have also fallen between 7 and 28 percent, showing that the downturn is market-wide.

Bitcoin cycle debate resurfaces

Analysts have renewed discussions on whether the classic four-year Bitcoin cycle still applies. With institutional participation rising, some believe traditional models have lost their predictive power. However, several experts still expect a strong bull phase in 2026. Bitwise CIO Matt Hougan argues that macroeconomic conditions combined with the “debasement trade” could trigger a new surge in BTC. Furthermore, the continued growth of stablecoins and tokenization supports the long-term expansion of the crypto ecosystem. Greater user adoption and clearer regulations are also listed among the constructive long-term factors.

BTC Analysis

Our analyst reports that Bitcoin continues to maintain its long-term upward trend on the weekly chart. The sharp correction from 110,000 dollars in January to 74,000 dollars created the same panic cycle seen in previous market phases. From that level, BTC rallied strongly toward 126,000 dollars, forming a new upward leg. A similar scenario remains possible in the current structure.

Technically, the potential reversal zone sits between 88,000 and 73,000 dollars. The price may bounce earlier, but the key factor is whether a confirmed breakout follows. Without such a breakout, BTC could revisit 106,000 dollars before turning downward again. For this reason, waiting for breakouts instead of trying to catch the exact bottom offers a safer strategy.

As long as the 73,000-dollar level holds, the overall trend structure is not expected to face major deterioration. Investors seeking to move with the trend may benefit from waiting for clearer direction and confirmation.

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The post Bitcoin Drops Sharply as 2025 Gains Vanish: Weekly BTC Analysis appeared first on Coin Engineer.

Details of the Bitcoin Liquidation

Total Amount Sold: 1,300 BTC (approximately $76.5 million based on current market value)

Exchange Breakdown:

Bitstamp: 500 BTC ($29.95 million)

Coinbase: 400 BTC ($23.24 million)

Kraken: 400 BTC ($23.24 million)

Bitcoin Price Dip: The Bitcoin price fell below $58,000 shortly after the news of the sale.

Adding to the intrigue, the German government also transferred a separate 1,700 BTC (approximately $98.76 million) to an unknown wallet. This move sparks speculation of a potential further selloff, as similar transfers preceded previous exchange dumps.

With this latest sale, the German government has now liquidated nearly 10,000 BTC, bringing its total holdings down to approximately 40,359 BTC (valued at $2.32 billion).

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The post German Government Offloads Another 1,300 Bitcoin to Major Exchanges appeared first on Coin Engineer.

Whale Activity Ignites Bullish Sentiment

This substantial purchase has grabbed the attention of market analysts, with some interpreting it as a strategic move to capitalize on the current market dip. The whale’s activity over the past five days reveals a pattern of accumulation, totaling 62,140 ETH valued at $208 million. Despite a current floating loss of $5.28 million, the investor’s actions suggest confidence in Ethereum’s long-term prospects. This could foreshadow a bullish sentiment emerging amidst the prevailing market uncertainty.

Analysts are closely monitoring the implications of this whale acquisition on Ethereum’s price dynamics in the coming days, especially considering the potential Ethereum ETF approval in Hong Kong on April 15th.

Contrasting Whale Actions Highlight Market Volatility

While one whale accumulates, another whale identified by its wallet address, executed a significant ETH sell-off. This contrasting move, dumping 48,632 ETH valued at $158.95 million onto Binance, adds to the market volatility. These contrasting actions highlight the diverse strategies employed by prominent investors during fluctuating market conditions.

The sell-off, while contributing to short-term market turbulence, also presents opportunities for investors to navigate the volatility strategically.

Ethereum Price Movement and Trading Activity

At the time of writing, the Ethereum price has dropped 7.06%, trading at $3,284.91. However, its trading volume over the last 24 hours has soared by 88.85% to $25.24 billion. The ETH price saw a high of $3,540.46 and a low of $3,103.43 within the last 24 hours.

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The post Ethereum Whale Buys $121 Million ETH, Sparking Price Recovery Talk appeared first on Coin Engineer.