Saylor, ETF investors’ ‘stronger hands’ help stabilize Bitcoin — Analyst
Bitcoin's price stability amid macroeconomic uncertainty is attributed to resilient spot Bitcoin ETF holders and aggressive buying by Michael Saylor's firm. Spot Bitcoin ETFs have attracted $131.04 million in the past month and $2.4 billion since January 1, contributing to Bitcoin's relative stability. Saylor's firm, Strategy, purchased 3,459 BTC for $285.5 million on April 14, bringing its total holdings to 531,644 BTC. The Bitcoin Volatility Index is currently at 1.80%, with Bitcoin trading at $84,610. Over the past month, Bitcoin has fluctuated between $75,000 and $88,000, remaining above its previous all-time high of $73,679. Market participants have noted Bitcoin's strength compared to the S&P 500, especially during recent stock market volatility.
