Corporate Bitcoin Buying On A Record High – Why Prices Plummet Despite $8 Billion Corporate Buy-In!”

While the market spends time in the down low, Bitcoin has achieved feats in the acquisition aspect, with corporate Bitcoin buying hitting record levels. Despite the aggressive scramble for Bitcoin by several public companies around the world, the bearish pressure and market trends continue to corroborate the Bitcoin price fall. 

Corporate Holdings Skyrocket, MicroStrategy Leads the Charge!

In the first quarter of 2025 itself, public companies have added 91,781 BTC to their balance sheets. This highlights the unwavering confidence of these corporate firms in Bitcoin’s future. Among notable buyers, Michael Saylor’s MicroStrategy stands tall with its acquisition of 81,785 BTC worth over $8 billion. It is followed by Tether, which increased its Bitcoin holdings by 8,888 BTC. Other players like Semler Scientific, GameStop, and Metaplanet also contributed to this trend. 

Additionally, companies like Marathon Digital and Enish are planning to raise billions to increase their Bitcoin holdings in the future. Despite this huge surge in corporate Bitcoin buying, its price has declined by over 20% from its January ATH of $109,000. Currently, Bitcoin trades around the $84,000 mark after weeks of consolidation. However, it still faces bearish pressure due to significant sell-offs.

Sell-offs The Main Cause Behind Bitcoin Price Fall

The primary reason for the Bitcoin price fall is the substantial selling activity by long-term holders. Blockchain data reveals that these holders offloaded around 178,000 BTC in Q1 2025, creating significant downward pressure on prices. To add to that, approximately $4.8 billion flowed out of spot Bitcoin ETFs in the same period. It is also worth noting that these large-scale corporate Bitcoin buying events occur on over-the-counter desks, which means that they do not affect rates on exchanges. 

However, with OTC reserves running out, institutional buyers could soon enter exchanges, altering price movements. Market analysts have also identified key support zones between $65,000 and $71,000. If Bitcoin falls into this range, it could attract renewed interest from institutions and retail investors alike. Given Bitcoin’s debacle with market trends, let’s take a quick peek at the charts and form a BTC price prediction for today. 

BTC Price Analysis of Last 24 Hours: Bitcoin Shows Gains, Struggles to Hold On 

Bitcoin has shown impressive price movements over the past 24 hours, but has failed to capitalize on those positive movements. It started trading at just over $85,000, with the price action from previous days suggesting that it was poised for gains. Bitcoin began the day with a downward tumble to $83,941 by 6:00 UTC. However, a notable golden cross pushed BTC back up to $85,241. With overbought conditions in the market, Bitcoin seemed to be slumping, but the $84,874 support held it steady.

Chart 1: analyzed by raodevansh18, published on TradingView, April 3, 2025. 

BTC failed to break the $85,500 resistance until 13:30, when a golden cross helped Bitcoin spike to $87,300 at 15:50 UTC. With the overbought conditions looming, a death cross appeared on the MACD, and BTC slumped to $86,200. At 20:00, rapid interaction of the EMAs helped Bitcoin skyrocket to $88,500, before falling off the cliff to $82,893 by midnight. Bitcoin’s price action today has seen it climb slightly and display range-bound fluctuations, consolidating around $83,500. 

BTC Price Prediction: Can BTC Ascend Stably to $88,000?

April 2 was a dramatic day for crypto charts, with spikes and downfalls across the board for Bitcoin. However, Bitcoin was able to break across the $88,000 mark, which is big news considering recent price performance. But the downturn has cost BTC dearly, reversing its progress from the last two weeks. For now, as the coin fluctuates between $83K and $84K, the inadequate buying pressure suggests a low possibility of an upward movement. It looks like BTC will abandon current support, and as it falls, buying pressure will pick up steam and push it to a level closer to $85,000. The second half of the day will host key price action.