TechFlow reported on February 3 that the latest Bitfinex Alpha report indicates a structural shift in the Bitcoin market. Although BTC price dropped below $100,000 due to Trump's tariff policies, continued accumulation by institutional investors highlights market resilience. MicroStrategy added 10,107 bitcoins worth $1.1 billion, bringing its total holdings to 158,400 BTC, and has filed with the SEC for financing to prepare for future purchases; Japanese listed company Metaplanet completed a $745 million fundraise to expand its Bitcoin reserves as a hedge against yen depreciation. In January 2025, BTC recorded a 10% gain, with prices consolidating within a 15% range over the past 65 days.
On the macro front, Bitcoin’s correlation with traditional markets has increased, reaching a five-month high of 0.8 with the S&P 500 over a 30-day period. The Federal Reserve kept interest rates steady at 4.25%-4.50%, with inflation still above the 2% target as core PCE remains at 2.8% year-on-year. Meanwhile, Tether is integrating its $140 billion USDT onto the Bitcoin Lightning Network via Taproot Assets technology, enhancing payment efficiency and driving Bitcoin’s evolution from a store of value toward a payment network.
