TLDR
- Over 172,705 BTC have been acquired since February 23, signaling increased demand
- Bitcoin is currently priced at around $87,000, showing upward momentum
- Arthur Hayes predicts Bitcoin could reach $110,000 before any significant dip
- U.S. spot Bitcoin ETFs have seen six straight days of inflows, indicating strong institutional interest
- Reports of a more targeted approach to Trump’s trade tariffs have positively impacted Bitcoin’s price
Bitcoin has jumped to $87,000 at the start of this week as investors respond positively to several market developments. The world’s largest cryptocurrency is showing signs of a potential breakout after being constrained in a descending wedge channel since early 2025.
The acquisition of over 172,705 BTC since February 23 marks a key shift in market dynamics. This accumulation pattern is similar to what happened after the FTX collapse when the market hit bottom. New investor interest continues to grow steadily.
At press time, Bitcoin trades at $87,127.50, representing a modest gain over the weekend. Despite recent price fluctuations, Bitcoin has maintained a strong position above the $84,000 level. This stability comes after dipping below $80,000 and bouncing back to $85,000 last week.
Bitcoin’s address activity shows encouraging growth according to recent data. Active addresses have risen by 0.96%, reaching a total of 8.7151 million. This uptick highlights growing user engagement from both retail and institutional investors.
Transaction counts have also surged by 1.66%, totaling 498,797 transactions. The rise in transactions points to strong demand for Bitcoin. These metrics indicate healthy network activity that could support further price increases.
The NVT Golden Cross has increased by 34.58%, suggesting a bullish shift in Bitcoin’s fundamental outlook. This metric examines the relationship between Bitcoin’s network value and transaction activity. The recent surge signals strengthening network fundamentals and growing investor confidence.
Arthur Hayes
Former BitMEX CEO Arthur Hayes has maintained his bold $110,000 price target for Bitcoin. His optimism stems from his belief that the Federal Reserve will soon shift from quantitative tightening to quantitative easing. This change would increase liquidity in the markets.
Hayes has dismissed concerns over President Trump’s upcoming tariffs. He agrees with Federal Reserve Chair Powell that any effects on inflation will likely be temporary. This view has helped maintain positive market sentiment.
I bet $BTC hits $110k before it retests $76.5k.
Y? The Fed is going from QT to QE for treasuries. And tariffs don’t matter cause “transitory inflation”. JAYPOW told me so.
I’ll expound on that in my next essay, that’s the TLDR for your TikTok peanut brain.
— Arthur Hayes (@CryptoHayes) March 24, 2025
Trading volume for Bitcoin has jumped 74% recently. Futures open interest has climbed 7.79% to over $56 billion. Short sellers have faced challenges, with $50 million in liquidations occurring in just 24 hours.
U.S. spot Bitcoin ETFs have seen six straight days of inflows. This trend shows strong institutional demand for Bitcoin exposure. Major corporations are also increasing their Bitcoin holdings as part of their treasury strategies.
Japan’s Metaplanet recently purchased 150 BTC. This addition brings their total holdings to 3,350 BTC. The Tokyo-listed firm has positioned itself as Japan’s leading Bitcoin Treasury Company with plans to grow its reserves to 10,000 BTC by the end of 2025.
Metaplanet has also appointed Eric Trump, son of U.S. President Donald Trump, to its newly formed Strategic Board of Advisors. The company stated that his experience in finance and branding will support their expansion strategy. The firm has reported a 68.3% return so far this year.
President Trump’s approach to tariffs has influenced market sentiment. Recent reports suggest the administration may take a more measured approach to implementing new trade tariffs on April 2. Instead of broad, industry-wide levies, tariffs may target specific countries with high trade imbalances with the U.S.
The plan reportedly focuses on around 15% of nations with persistent deficits. These countries have been dubbed the “dirty 15” and may include major economies such as China, Japan, India, and Vietnam. Treasury Secretary Scott Bessent has suggested that countries could negotiate to avoid higher tariffs by reducing their own trade barriers.
This week, investors are watching for the Federal Reserve’s core PCE price index data. This is the Fed’s preferred inflation gauge. Analysts expect it to increase slightly from 2.6% to 2.7%. The Fed will also release its final one-year inflation forecast, providing more clues about future monetary policy.
