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.