Bitcoin's price stabilized at $86,400 following recent volatility, coinciding with rising miner reserves and a drop in whale wallets. These changes indicate new market trends.
Rise in Miner Reserves
Bitcoin miner reserves have reached 1.8111 million BTC, demonstrating confidence in future price increases. During February and March 2025, accumulation was active as miners chose to hold their assets, potentially reducing market supply.
Decline in Whale Wallets
Despite bitcoin prices exceeding $100,000, the number of whale wallets has reached the lowest point since 2019. This decline is related to large investors selling assets to take advantage of the significant price growth.
Impact of Inflation Expectations
Bitcoin's price fell after rising above $100,000 as the Breakeven Inflation Rate decreased. The current drop to 2.4% suggests lower inflation expectations, reducing demand for bitcoin as a hedge against inflation. These macroeconomic changes are influencing market demand for digital assets.
Bitcoin remains influenced by internal market dynamics and external macroeconomic factors. Current trends, such as the rise in miner reserves and decreasing inflation expectations, may continue to significantly affect the asset's price in the future.
