Bitcoin pulled back slightly after yesterday’s strong rebound but held above the USD 82,000 level.
Despite the current correction extending since the early 2025 high due to the current uncertainty, whale activity could remain a key factor in Bitcoinโs price stability, with large investors accumulating BTC in the past days.
This continued accumulation could help absorb market fluctuations, suggesting confidence in Bitcoinโs long-term value.
Moreover, the reintroduction of the BITCOIN Act by U.S. Senator Cynthia Lummis, which proposes that the U.S. government could acquire over one million BTC, could fuel some optimism about government support. Whilst the bill could provide long-term benefits, its real impact remains uncertain after the dim response to Trumpโs bitcoin reserve creation. At the same time, global economic concerns could continue to weigh on risk appetite, leaving bitcoin and the crypto market at large under pressure.
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