Bitcoin Climbs 11% to $83.5K Amid Market Caution
Summary at a Glance
- Bitcoin (BTC) rose by 11% to $83,500 USD.
- Large investors (“whales”) and long-term holders have purchased approximately 100,000 BTC since March.
- Macroeconomic uncertainties in the U.S. continue to strongly influence the crypto market.
- A parabolic rise in Bitcoin is currently unlikely.
Bitcoin Defies Economic Uncertainty
Despite a tense economic environment in the United States, Bitcoin has recently made significant gains. After briefly dipping below $75,000 USD, the price rebounded to $83,500 USD — an increase of 11%. This development contrasts with the turbulence in traditional financial markets, particularly the U.S. bond market.
Background: U.S. Economy Under Pressure
The U.S. economy is currently facing several challenges. On April 9, the yield on 10-year U.S. Treasury bonds rose above 4.5% — the highest level since February. This was due to a massive sell-off in the bond market, likely triggered by foreign investors. At the same time, the U.S. government is facing the refinancing of up to $9.2 trillion USD in Treasury securities. These developments are increasing the government’s financing costs and reducing the likelihood of short-term interest rate cuts.
Whales Buy the Dip
According to data from CryptoQuant, large Bitcoin investors used the recent price declines as a buying opportunity. Wallets holding between 1,000 and 10,000 BTC have increased their holdings by about 100,000 BTC since March. Long-term holders (LTHs) also added to their positions: their holdings rose by 420,000 BTC to a total of 13.6 million BTC.
Unrealized Gains at Elevated Levels
The “Net Unrealized Profit/Loss” (NUPL) metric is currently at 0.68. This means that LTHs are sitting on average unrealized gains of 68%. The average entry price for this group is around $49,700 USD. For comparison: during the surge to $109,000 USD in January, the NUPL stood at 0.76 — a level typically associated with market euphoria. That level has not yet been reached.
Parabolic Rise? Still Too Early
Despite the recent price gains, caution is warranted. The geopolitical situation — particularly the trade conflict between the U.S. and China — remains tense. The 90-day tariff pause announced by the U.S. government provides only temporary relief. If it ends, new volatility could arise. There is also a risk that large investors may take profits during further price increases — potentially triggering a sudden pullback.
Our Assessment
Bitcoin is currently showing strength in a weak overall market. Purchases by whales and long-term holders are supporting the price. However, a parabolic rise is not foreseeable at this time. Too many external factors — especially U.S. economic policy and the geopolitical situation — are creating uncertainty. Those already invested should secure profits and closely monitor market developments. New investors should proceed cautiously and avoid speculating on short-term price spikes. Caution remains the order of the day.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 3 minutes
-
Viking Slots: Best Norse-Themed Slot Games
Reading time: ~ 3 minutes
-
TechOptions Group B.V. Casinos
Reading time: ~ 3 minutes
-
Easter Slots – Best Easter-Themed Slot Games
Reading time: ~ 3 minutes
-
Monster Slots: Best Monster-Themed Slot Games
Reading time: ~ 3 minutes
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | $85,355.00 |
| 24h % | 2.44 % |
| 7d % | 2.63 % |
| 30d % | 5.84 % |
| 60d % | -10.68 % |
| 1y % | 27.33 % |
| Market Cap | $1,694,588,054,392.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
Advertising transparency