Bitfinex: Bitcoin is impacted by tariff policies, but institutional investors continue to increase their holdings, showing market resilience

Odaily News The latest report from Bitfinex Alpha shows that the Bitcoin market is undergoing a structural change. Although the price of BTC fell below $100,000 due to Trump's tariff policy, institutional investors continued to increase their holdings, showing the resilience of the market. MicroStrategy increased its holdings of 10,107 Bitcoins with $1.1 billion, bringing its total holdings to 158,400, and submitted a financing application to the SEC to prepare for future increases; Japanese listed company Metaplanet completed $745 million in financing to expand its Bitcoin reserves to hedge against the risk of yen depreciation. In January 2025, BTC recorded a 10% increase, and the price has been consolidating in the 15% range for nearly 65 days.
At the macro level, Bitcoin's correlation with traditional markets has increased, with the 30-day correlation with the S&P 500 reaching 0.8, a 5-month high. The Federal Reserve maintained interest rates at 4.25%-4.50%, inflation remained above the 2% target, and core PCE remained at 2.8% year-on-year. At the same time, Tether is integrating its $140 billion USDT into the Bitcoin Lightning Network, improving network payment efficiency through Taproot Assets technology, and promoting Bitcoin's transformation from a value store to a payment network.