Investors seeking Bitcoin exposure may be running out of time to purchase below the six-figure price, as US Treasury buybacks may signal the next leg up for the world&#8217;s first cryptocurrency. This might be the &#8220;last chance&#8221; to buy Bitcoin (BTC) below the $100,000 mark, according to Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom. &#8220;Seriously fam, this might be the last chance you have to buy $BTC &#8220;Strong volume and technical confirmation from a descending wedge breakout &gt; suggest a potential test of the $90,000 resistance, with macro factors like &gt; a weakening dollar and rising gold correlation reinforcing BTC&#8217;s appeal as a &gt; hedge.&#8221; Despite the recent correction, Japanese and UK-based investment firms are investing hundreds of millions into Bitcoin, signaling continued institutional adoption that may accelerate Bitcoin&#8217;s four-year cycle. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. _**Magazine:**__**SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodler &#8216;s Digest, Feb. 23 &#8211; March 1**_

Bitcoin rally above $100K may follow US Treasury buybacks — Arthur Hayes

Crypto analyst Charting Guy (@ChartingGuy), posting to X on April 20, has 
mapped the daily XRP/US Dollar chart on Bitstamp onto a textbook Wyckoff 
re‑accumulation schematic and argues that the pattern is now far enough 
advanced to imply a summer markup toward— and potentially beyond— the $3.70 
region. &#8220;Wyckoff Pattern Ignites XRP Bull Case The chart spans the five‑month 
base that began with preliminary supply (PSY) in late November. A vertical 
surge carried price into a $2.68 Buying Climax (BC) in early December, 
immediately followed by an Automatic Reaction (AR) that washed back to roughly 
$1.90, anchoring the lower boundary of what would become the Phase A trading 
range. A Secondary Test (ST) in mid‑December revisited the $2.72 zone, 
completing Wyckoff’s initial “stop‑action” sequence. Phase B unfolded through 
January: demand rebuilt, producing an Up‑Thrust (UT) in Phase B that briefly 
pierced $3.40 in mid January before supply re‑asserted itself. From that peak 
XRP traced a descending, low‑angle channel—labelled the “Creek”—with 
progressively lower highs and lows into early April. Throughout this descent, 
Charting Guy’s overlay shows the familiar saw‑tooth of Wyckoff’s internal 
testing, suggesting weak‑hand distribution rather than true distributional 
topping. Related Reading: Ripple Takes Asia By Storm With New XRP Product, 
Here Are The Recent Developments On April 7 the market under‑cut range 
support, knifing to about $1.61, and immediately snapped back: the classic 
Spring of Phase C. A shallow Test of the spring followed near $2.00, 
satisfying Wyckoff’s requirement for bullish confirmation. From that point the 
analyst’s projected path turns higher. Phase D begins with what Wyckoff called 
Last Point of Support (LPS) between $2.35 and $2.55 in early May, followed by 
a steeper advance that drives through the February crest. This is followed by 
a Jump Across The Creek (JATC)—a decisive thrust through the descending 
channel top and horizontal resistance at roughly $2.70. The model then shows a 
price breakout above the mid-January high at $3.40 would constitute the Sign 
of Strength (SOS) around $3.40 in late May, completing the transition into 
Phase E. Afterwards, Charting Guy expects a second backing up into a first 
Last Point of Support (LPS) between $3.10 and $3.30 in mid-June, followed by 
an even steeper advance. Related Reading: XRP Is The ‘Strongest Chart In 
Crypto,’ Says Analyst In Phase E the schematic accelerates, taking XRP into 
the $3.70 area by early July—an objective that sits one tick above the $3.40 
resistance band on the analyst’s price axis. With the spot rate at $2.12 at 
publication time, the roadmap implies a potential upside of close to 74% over 
the next two and a half months. However, Charting Guy cautions that “this 
doesn’t mean up‑only now—timing may be slightly off,” underscoring Wyckoff’s 
probabilistic nature. Nevertheless, the meticulous alignment of real‑world 
price action with the classical re‑accumulation phases—complete with labelled 
PSY, BC, AR, ST, UT, Spring, Test, LPS, JATC and SOS—adds weight to the 
bullish case. If the market respects those technical milestones, XRP could 
soon be working with prices not seen since the last cycle’s peaks. At press 
time, XRP traded at $2.11. Featured image created with DALL.E, chart from 
TradingView.com

XRP Wyckoff Pattern Maps Bullish Run To $3.70 This Summer

Bitcoin (BTC) doubled down on its divergence from stocks at the April 21 Wall 
Street open as US trade war tensions escalated. _BTC/USD 1-day chart. Source: 
Cointelegraph/TradingView_
## Trade war reactions fuel BTC price gains
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD matching 
month-to-date highs above $88,000.
Bitcoin continued higher after the weekly close to catch up with gold as the 
latter set fresh all-time highs of $3,430 per ounce.
_XAU/USD 1-hour chart. Source: Cointelegraph/TradingView_
By contrast, stock markets came under renewed selling pressure, with the S&amp;P 
500 and Nasdaq Composite Index both down over 2% at the time of writing.
Newfound BTC price strength thus appeared to end lockstep trading with 
equities as part of reactions to trade-war headlines.
These included warnings about the deterioration of relations with the US from 
both China and Japan, while US President Donald Trump renewed existing attacks 
on Federal Reserve Chair Jerome Powell over interest rates.
_Source:__Truth Social_
&#8220;Technology stocks have gotten crushed again over the last week. Nvidia, 
$NVDA, is down over -15% since last Monday while multiple other Mag 7 stocks 
are down 10%+,&#8221; trading resource The Kobeissi Letter wrote in part of a 
reaction thread on X.
&gt; &#8220;Without technology stocks, this market cannot bottom.&#8221;
_S &amp;P 500 1-hour chart. Source: Cointelegraph/TradingView_
Kobeissi also referenced downside pressure on the US dollar index (DXY), which 
traded at its lowest levels since March 2022.
&#8220;While the USD, $DXY, falls to a new 52-week low below 99, Bitcoin and Gold 
are surging,&#8221; it summarized.
&gt; &#8220;Markets need trade deals ASAP.&#8221;
_US dollar index (DXY) vs. BTC/USD chart. Source: The Kobeissi Letter/X_
## Bitcoin &#8220;institutional confidence returning&#8221;
Continuing, trading firm QCP Capital struck an optimistic tone.
_**Related:**__**US dollar goes &#8216;no-bid&#8217; &#8212; 5 things to know in Bitcoin this 
week**_
Bitcoin, it argued in its latest bulletin to Telegram channel subscribers, 
seemed to be sharing some of gold&#8217;s limelight as a hedge against macroeconomic 
uncertainty after months of failure.
&#8220;With equities finishing last week in the red and extending an April drawdown, 
the narrative of BTC as a safe haven or inflation hedge is once again gaining 
traction. Should this dynamic hold, it could provide a fresh tailwind for 
institutional BTC allocation,&#8221; it wrote.
QCP even suggested that recent outflows from the US spot Bitcoin exchange- 
traded funds (ETFs) may soon recover.
&#8220;Indeed, we&#8217;re already seeing early signs of institutional confidence 
returning. Spot BTC ETF flows turned positive last week with net inflows of 
$13.4 million, a stark contrast to the previous week&#8217;s $708 million in 
outflows,&#8221; the bulletin noted.
&gt; &#8220;In options markets, positioning has turned more balanced. Risk reversals 
&gt; across tenors have flattened out, diverging from the persistent near-dated 
&gt; put skew that has dominated for weeks.&#8221;
_US spot Bitcoin ETF flows (screenshot). Source: Farside Investors_
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Bitcoin price tops $88.5K as BTC doubles down on stocks decoupling

The Near Protocol token rose for five consecutive days, crossing a crucial 
resistance level as its active addresses and transactions increased. Near 
(NEAR) rose to a high of $2.30, up by 25% from its lowest point this month. 
This rebound…

Near Protocol token flips key price as transactions and staking inflows

Bitcoin and most altcoins rose on Monday, continuing a trajectory that started 
late last week. Bitcoin (BTC) rose to $87,500, while tokens like Kaspa (KAS), 
Fartcoin (FARTCOIN), Solana (SOL), and Shiba Inu (SHIB) jumped by double 
digits. Several catalysts are…

Here’s why altcoins like Kaspa, Fartcoin, Solana, Shiba Inu are rising

_**Opinion by: Amitej Gajjala, co-founder and CEO of KernelDAO**_
Bitcoin is the principal asset of the cryptocurrency world and even one of the 
world&#8217;s top 10 most valuable assets, recognized for its role as a store of 
value. Yet a huge percentage of the Bitcoin (BTC) supply remains dormant for 
years, meaning the crypto market only works with a fraction of the circulating 
supply each year.
This idle Bitcoin has an enormous amount of untapped financial potential.
Bitcoin&#8217;s principal narratives are &#8220;store of value&#8221; and &#8220;never sell.&#8221; Today&#8217;s 
decentralized finance (DeFi) tools, however, enable yield gain by holding 
Bitcoin and taking advantage of dormant Bitcoin, which just sits in investors&#8217; 
wallets and does nothing.
## Existing dormant Bitcoin is not being fully utilized
Dormant Bitcoin has not been used for long periods, usually one or more years. 
According to Glassnode, as of early 2025, the active supply that has not moved 
in more than one year is approximately 62%.
This Bitcoin is held in wallets that show no activity on the blockchain and 
remain inactive for various reasons. These could be intentional long-term 
holding strategies or even permanent loss as a result of negligence or the 
death of their users.
Let&#8217;s put aside the rest of the reasons and focus on long-term Bitcoin holding 
strategies. The existence of this group implies that they could enter the 
market at any time, producing significant volatility in the price of Bitcoin. 
Why aren&#8217;t we using that Bitcoin in DeFi right now?
## Activating dormant Bitcoin will make waves in the market
If large quantities of dormant Bitcoin were to reactivate immediately, it 
could significantly affect the cryptocurrency market, creating a noticeable 
event. These movements could dramatically affect Bitcoin&#8217;s price in a negative 
way due to potential selling pressure and influence the market with a 
significant increase in active circulating supply.
_**Recent:**__**Stablecoin presence key to blockchain legitimacy, says 
ZachXBT**_
If the reactivated Bitcoin is, however, reintegrated into productive DeFi 
ecosystems rather than sold en masse, it could provide liquidity without 
destabilizing the market. With that amount of active liquidity, Bitcoin would 
not only be a &#8220;store of value&#8221; but also a productive asset with utility and 
application.
Let&#8217;s look at the announcement of the creation of a Bitcoin strategic reserve 
in the United States. One of the key points of this reserve is that it will 
follow budget-neutral strategies without selling the estimated 198,000 BTC 
held by the government. Those conditions are perfect for putting this Bitcoin 
into restaking and using it in DeFi to obtain rewards. Just picture all the 
gains the US could make by using most of its Bitcoin reserves in that way, 
without selling.
## We need to explore Bitcoin&#8217;s potential in DeFi
Integrating dormant Bitcoin into DeFi platforms offers interesting Bitcoin and 
decentralized finance opportunities. Bitcoin would encourage transactions and 
fees on the network to support miners. The total value locked (TVL) in DeFi 
will be tremendous compared to all the liquidity Bitcoin will add to the DeFi 
market.
Advances like wrapped tokens and crosschain bridges have enabled Bitcoin 
holders to engage in flash loans, lending, staking, restaking and yield 
farming on DeFi platforms. The current levels are, however, insufficient and 
will not be the only way to take advantage of this enormous liquidity 
injection.
As of March 10, Bitcoin&#8217;s TVL in DeFi stood at over $5 billion, according to 
DefiLlama data. This represents only 6% of the TVL of all the current 
blockchains on the market, with Ethereum the king at 52.56% with $48 billion. 
If Bitcoin became the new king of TVL in DeFi, it would only need to use some 
of the dormant Bitcoin mentioned above.
In this scenario, Bitcoin will provide more stability to DeFi, as its holders, 
including institutional and long-term investors, are not prone to selling 
during market downturns. In addition, activating even a small fraction of 
currently idle Bitcoin could unlock billions of dollars of liquidity for 
decentralized finance applications.
## The best way to use BTC in DeFi is restaking
Today, restaking is emerging as an innovative, engaging way to integrate 
Bitcoin into DeFi while maintaining its appeal as a conservative, secure 
investment vehicle. Restaking enables holders to stake their assets in 
decentralized protocols and earn passive income while contributing to the 
economic security of the network.
This mechanism offers several benefits, including passive income with minimal 
risk and economic security, by supporting the development of new products. It 
parallels traditional finance by offering predictable returns while preserving 
capital, which appeals more to conventional investors.
Restaking aligns with the conservative mindset typical among many Bitcoin 
holders, allowing them to participate in innovations within the DeFi space. 
Restaking is desirable for every Bitcoiner to obtain yield with their 
reserves.
## Dormant Bitcoin is a massive opportunity for DeFi
Dormant Bitcoin is a vast, untapped reservoir within the Web3 ecosystem. By 
integrating Bitcoin into DeFi platforms today, individual investors and the 
broader ecosystem will significantly benefit from the increased stability, 
liquidity and growth opportunities.
_**Opinion by: Amitej Gajjala, co-founder and CEO of KernelDAO.**_