Bitcoin (BTC) 
$79,109 experienced a significant 10% fluctuation in the last 24 hours due to President Donald Trump’s newly announced “Strategic Bitcoin Reserve” policy and rising inflation concerns. The selling pressure from long-term investors has kept BTC below the resistance level of $92,000, while an outflow of $134 million from ETFs has further exacerbated the decline. Market analysts predict that Bitcoin may test the $82,000 level due to ongoing macroeconomic uncertainties.
Long-term Investors Sell BTC
The decline of Bitcoin to $84,600 is largely attributed to increased selling activity among long-term investors. According to Santiment’s metrics, the BTC Age Consumed metric, which measures the duration that investors’ Bitcoin remains inactive, has surged to 15.9 billion. This represents an astonishing increase of 450% compared to early February.
The announcement of increased trade taxes and inflation worries by the Trump administration has led investors to engage in short-term profit-taking. Initially, Trump’s statement about acquiring BTC for the “strategic reserve” lifted prices to $91,200, but the rise proved unsustainable. Analysts caution that macroeconomic data will continue to exert pressure on the cryptocurrency market.
Bitcoin Price Analysis and Commentary
Bitcoin currently fluctuates between a support level of $78,258 and a resistance level of $99,475 according to the Donchian Channel indicator. Even though daily volume increases support a rise from $84,600, sufficient momentum to breach the $92,000 resistance has yet to be established.
Technical analysis suggests that BTC could test the $87,000 level in the coming days. With the Average Daily Range (ADR) remaining at 1.25, the liquidation of $382 million in long positions in the futures market presents an additional obstacle to upward movement. Experts emphasize that candle closures above $91,200 could trigger a new rally, but the forthcoming inflation data must be monitored closely.
