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Bitcoin Stays Steady Post-April 2025 US CPI Announcement
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Following the release of the US Consumer Price Index (CPI) for April 2025, Bitcoin (BTC) showed minimal movement, reflecting stability. The CPI data, which fell short of predictions, indicates a cooling inflation trend, potentially favoring risk-on assets such as Bitcoin.
April CPI Insights and Bitcoin’s Market Response
The Bureau of Labor Statistics reported a 0.2% rise in the April CPI, under the anticipated 0.3%. Although this reflects a recovery from the -0.1% dip in March 2025, it suggests sustained low inflationary pressure. Year-over-year, CPI increased by 2.3%, marking the slowest growth since February 2021. Core CPI, excluding volatile categories like food and energy, rose by 0.2% in April, slightly below the 0.3% forecast. Annually, Core CPI remained consistent at 2.8%, meeting expectations.
The subdued inflation data aligns with the Federal Reserve’s cautious approach to interest rate adjustments, enhancing the rationale for maintaining current policies until clearer macroeconomic trends develop. Despite these supportive macroeconomic signals, Bitcoin’s price response has been largely unchanged. As of now, BTC trades in the low $100,000 range, about 5.1% off its peak of $108,786 recorded in January 2025.
Analysts Maintain Optimism Amidst Stable Prices
Despite the tepid price action, technical analysts remain hopeful. Renowned crypto analyst Titan of Crypto shared a chart highlighting a potential rally to new highs, fueled by a strengthening weekly Relative Strength Index (RSI). Concurrently, crypto analyst Jelle observed Bitcoin’s steadfastness around the $102,000 mark, suggesting this level as a robust support zone. “There’s little to hinder BTC’s upward trajectory,” Jelle remarked, expressing confidence in a continued price surge.
Depleting BTC Exchange Reserves Signal Investor Accumulation
On-chain analytics bolster the bullish sentiment. Influential crypto personality Davinci Jeremie emphasized in a recent post that Bitcoin reserves on centralized exchanges have markedly decreased, hovering around 2.4 million BTC. This scenario could trigger a supply shock, potentially driving BTC prices higher.
The declining BTC reserves on exchanges are expected to reinforce the supply shock narrative, which might catalyze significant price movements. Moreover, data indicates substantial accumulation by large investors. In a separate post, crypto analyst Bitcoin Munger shared insights showing aggressive BTC accumulation by “sharks” – wallets holding between 100 and 1,000 BTC. These entities collectively possess over 3.55 BTC.
However, a notable concern arises as recent data reveals that open interest has not increased concurrently with BTC’s price rise. At the time of writing, BTC is valued at $103,311, reflecting a modest 0.1% increase over the past 24 hours.
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