Bitcoin movement is on the minds of Web3 investors this week.
“Price has corrected aggressively, but the underlying framework around Bitcoin has not fractured. In previous downturns, infrastructure failed alongside valuations. Major intermediaries collapsed and confidence evaporated. This time, regulated products are functioning, custodians remain operational, and institutional access continues to expand.
“The focus on short-term ETF outflows ignores the broader picture. The institutional allocation base that entered the market over the last two years has not disappeared.
“Supply is tightening. When sentiment shifts, price movement can accelerate because there’s less liquidity available to absorb renewed demand.
“Almost half of outstanding coins are below their holders’ cost basis at current levels. Options markets are pricing in downside protection. Fear is elevated.
“Yet there’s been no systemic event comparable to 2022 when FTX dramatically collapsed. The architecture of the market remains intact.”
“Banks, asset managers and payment firms are embedding digital asset capabilities into core offerings. This strategic direction is long term.
“As macro uncertainty stabilizes and ETF flows normalize, sidelined capital is likely to re-enter. We could reasonably expect a return to $100,000 by the end of the second quarter.”
“Once momentum re-establishes, fresh all-time highs are achievable before year-end. The prior peak is not a permanent ceiling.”
“The key issue is whether structural adoption has stalled. Our assessment is that it has not. Institutional infrastructure is broader, deeper and more resilient than at any point in Bitcoin’s history. The current bearish mood is intense, but we think it’s unlikely to endure through the middle of the year.
“Confidence can rebuild rapidly in markets where supply is constrained and institutional participation is embedded.
“We expect Bitcoin back to six figures by the end of Q2 and potentially printing new highs before the end of 2026.
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“The Bitcoin rally reflects two powerful forces aligning at once: improving risk sentiment across global markets and renewed political backing for crypto from Washington. The original and most influential crypto is responding to a combination of macro relief and political support.
“Markets had been rattled by concerns the Iran conflict could deliver a prolonged shock to energy markets and global growth. As those fears eased, investors moved back into risk assets and crypto is often the fastest responder when sentiment turns.
“At the same time, President Trump has stepped in publicly, via his Truth Social platform, to defend the digital assets sector against pressure from traditional banks, which sends a clear signal to markets about the direction of US policy.
“Stablecoins are emerging as a new digital form of the US dollar, and that places crypto platforms into direct competition with traditional banks. When banks push back against that development, it shows how significant the shift has become.”
“Crypto markets react rapidly to changes in global risk appetite, but they also respond to regulatory direction. When geopolitical concerns ease and the White House signals clear support for the sector, those forces combine to create powerful momentum for digital assets.
“Once momentum re-establishes, fresh all-time highs are achievable before year-end. The prior peak is not a permanent ceiling.
“The key issue is whether structural adoption has stalled. Our assessment is that it has not. Institutional infrastructure is broader, deeper and more resilient than at any point in Bitcoin’s history.”
“For now, the Bitcoin bulls seem to be back in charge.”
– Nigel Green, CEO deVere Group
“Bitcoin has rallied past $71,000 today as gold and oil have retreated from recent highs. But the headline number isn’t the most important indicator to watch. What’s more interesting is that we’ve seen more than $680 million in inflows returning into spot Bitcoin ETFs on Monday and Tuesday, even as global stock markets have been in turmoil.
“These ETF flows suggest this isn’t just a short squeeze. They point to institutional allocators treating Bitcoin as a geopolitical crisis hedge, or potentially even as a hedge against future inflation. The ‘safe haven’ narrative, which many investors had all but given up on, may be playing out this time. A continuation of ETF inflows over the coming days and weeks would confirm this.
“Driven by these flows, Bitcoin’s price has advanced by 11.4% this week. Indeed, during the crisis so far, Bitcoin has held up better than the Nasdaq, S&P 500, and even gold, not to mention other global equity markets.
“This divergence is a positive sign, but there are several important price levels worth watching over the short-term. If the price remains strong on the US market open and closes the day above $70,900, this could set BTC up for a move higher. However, there is resistance at $74,000 if it keeps moving north.”
– Nic Puckrin, co-founder of Coin Bureau