Key Insights:
- Metaplanet now holds 5,555 BTC worth $481.5 Million.
- China-US talks spark bullish momentum in crypto markets.
- $BTC nears $98K with strong support, altcoins also surge.
Bitcoin reached a new local high of $97,000 after China confirmed it would begin trade negotiations with the United States. The announcement lifted confidence across financial markets, driving demand for risk assets.
The news coincided with a large BTC purchase by Japanese firm Metaplanet and rising institutional activity. This suggested continued support for the cryptocurrency’s upward trend.
Metaplanet Adds $53.4 Million in Bitcoin to Treasury Holdings
Metaplanet has acquired 555 Bitcoin for approximately $53.4 Million at an average price of $96,134 per BTC. This brings the company’s total holdings to 5,555 BTC. Based on the latest market valuation, its Bitcoin reserves are worth around $481.5 Million.
The Tokyo-based investment firm has been increasing its Bitcoin exposure over time. Its average purchase price stands at $86,672 per BTC, reflecting a strategy of long-term accumulation.
The latest transaction shows continued confidence in Bitcoin as a store of value and a treasury reserve asset. Additional institutional interest has also been observed.
According to reports, BlackRock recently purchased 280 BTC valued at $37.8 Million. This suggested that larger firms are gaining exposure to Bitcoin during favorable market conditions.
Bitcoin Breaks Out Following China-US Trade Announcement
Bitcoin experienced its biggest surge because of encouraging developments across geopolitical borders. China announced trade negotiations with the United States during Monday’s statements.
Market investors demonstrated positive reactions to this news. This indicate that enhanced economic cooperation will emerge between China and the United States.
When bilateral trade improves it leads to decreased market uncertainty because investors feel more comfortable taking risks. When geopolitical events produce positive outcomes Bitcoin alongside other cryptocurrencies attract greater capital investments.
BTC’s value rose rapidly toward $98,000 after the news broke and various alternative cryptocurrencies expressed similar levels of growth. Technical indicators revealed increasing market bullishness alongside Bitcoin’s price behavior.
The 4-hour chart shows Bitcoin reclaiming its position on the lower trendline within an ascending channel according to CryptoFaibik market analysis.
The price rebound tested fundamental support levels. Thisindicating that a short-term upward trend would maintain its course.
Technical Charts Show Bullish Continuation Signals
The long-term structure of Bitcoin remains robust across multiple higher time horizon chart views. According to market analyst el_crypto_prof, the weekly MACD indicator indicates that a bullish crossover formation could happen soon.
The same indicators appeared in both 2023 and 2024, signaling strong trends. These patterns led to multi-week bullish events in the market.
The MACD histogram registers a change from red to neutral, which indicates bearish momentum is losing power. The trend appears ready to change direction because the blue and orange MACD lines are moving toward convergence.
The recent break of Bitcoin from a prolonged consolidation pattern reinforces existing market indicators of an upward massive price shift.
A completed MACD crossover will reinforce analysts’ predictions of sustained price growth. This signal supports the expectation of an upward trend through the rest of 2025.
On-Chain Data Shows Accumulation by Large Holders
Analysis from Santiment’s platform indicates bullish signals throughout the Bitcoin market. Bitcoin whales and sharks have significantly increased their holdings over the last six weeks.
Their accumulation totals 81,338 BTC, indicating strong buying interest in the market. During this time frame, institutional holders added 0.61% to their Bitcoin store.
Research shows that small holders who control less than 0.1 BTC have collectively reduced their holdings to 290 BTC. However, this represents a minor 0.60% decline.
A positive investing signal emerges from this market trend because Whale and Shark wallet participants accumulate before price rallies. Meanwhile, retail traders take profits early.
Large wallets following an accumulation strategy decrease the circulating supply of Bitcoin. This behavior reflects investors’ growing confidence in Bitcoin’s long-term value.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Olivia Stephanie is a FinTech enthusiast with a keen understanding of financial markets. Her passion for economics and finance has led her to explore emerging blockchain technology and cryptocurrency markets.