Bitcoin (BTC) remained largely secure after the discharge of the US Client Worth Index (CPI) for April 2025, which got here in beneath expectations. The info suggests inflation is constant to chill, a doubtlessly constructive signal for risk-on property like BTC.
Bitcoin Makes Minimal Transfer After April CPI Information
The Bureau of Labor Statistics reported a 0.2% improve in April CPI, slightly below the 0.3% forecast. Whereas the determine marked a rebound from the -0.1% decline recorded in March 2025, it nonetheless pointed to subdued inflationary pressures.
12 months-over-year (YoY), CPI rose by 2.3% – the slowest annual improve since February 2021. Core CPI, which excludes risky meals and vitality costs, rose by 0.2% in April in comparison with 0.1% in March. This was additionally beneath the consensus estimate of 0.3%. On a YoY foundation, Core CPI remained regular at 2.8%, in keeping with expectations.
The lower-than-expected inflation information helps the Federal Reserve’s cautious “wait and watch” stance on rate of interest cuts, bolstering the case for holding present coverage till additional macroeconomic readability emerges.
Regardless of the constructive macro backdrop, Bitcoin’s value response was muted. On the time of writing, BTC is buying and selling within the low $100,000 vary – roughly 5.1% beneath its all-time excessive (ATH) of $108,786 set in January 2025.
Though the worth response was gentle, technical analysts stay optimistic. Famous crypto analyst Titan of Crypto shared the next chart indicating a possible transfer to new all-time highs, pushed by a strengthening weekly Relative Energy Index (RSI).
Equally, crypto analyst Jelle commented on BTC’s resilience across the $102,000 stage, suggesting this will act as a robust assist zone. “Not a lot is left to carry BTC again now,” the analyst famous, indicating confidence in a continued rally.
BTC Trade Reserves Depleting, Buyers Accumulating
On-chain information additionally helps the bullish outlook. Crypto influencer Davinci Jeremie pointed out in a current X put up that Bitcoin reserves on centralized exchanges have dropped considerably and at the moment are hovering round 2.4 million BTC – a stage that might contribute to a looming provide shock.
Decrease BTC reserves on crypto exchanges are prone to bolster the availability shock narrative for the flagship cryptocurrency, which can result in a parabolic value motion. Information additionally reveals that giant buyers are accumulating BTC.
In a separate X put up, crypto analyst Bitcoin Munger shared the next chart which reveals that BTC sharks – wallets holding 100 to 1,000 BTC – have been accumulating BTC at a fast tempo. Presently, these entities maintain greater than 3.55 BTC collectively.
That stated, current information reveals that open curiosity has not risen in tandem with the rise in BTC value, which can be a trigger for concern. At press time, BTC trades at $103,311, up a modest 0.1% up to now 24 hours.
Featured Picture from Unsplash.com, charts from X and TradingView.com
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