Corporate Bitcoin Purchasing Reaches All-Time Highs, While Prices Fall—Why

Bitcoin BTCUSD remains above the $85,000 mark, demonstrating gradual upward momentum after weeks of price stabilization. The asset has climbed 2.2% on the daily chart as of today, raising hopes for a possible rally among traders. But a wider perspective provides a different narrative.

In the last month alone, Bitcoin has lost more than 8%, and since its January 2025 all-time high value of more than $109,000, the loss is over 20%.

Public Companies Stock Up On BTC While Long-Term Holders Dispose

Regardless of Bitcoin's recent poor performance, blockchain data provider CryptoQuant recently recorded a record corporate accumulation in Q1 2025.

Public companies purchased 91,781 BTC on their balance sheets during January and March, indicating sustained institutional faith in the long-term worth of Bitcoin.

Among the largest buyers:

- Tether bought 8,888 BTC, taking its holdings to 92,646 BTC.

- MicroStrategy was the most aggressive, buying 81,785 BTC valued at more than $8 billion.

Semler Scientific (+1,108 BTC), Metaplanet (+2,285 BTC), and The Blockchain Company (+605 BTC) also participated in the accumulation.

Moreover, Marathon Digital also outlined plans for a $2 billion stock offering to invest in future Bitcoin buys, and GameStop is contemplating a $1.3 billion convertible note sale in order to invest in Bitcoin.

Even with this robust corporate demand, Bitcoin's price hasn't been able to maintain buying pressure. CryptoQuant showed that long-term holders sold about 178,000 BTC over the same period, and there was a strong sell pressure.

This was compounded further by $4.8 billion worth of outflows from spot Bitcoin ETFs, which dragged significantly on sentiment.

CryptoQuant.com
@cryptoquant_com

Adding to selling pressure: $4.8 billion escaped from Bitcoin ETFs in Q1.

Corporate buying notwithstanding, this tide of outflows has likely dragged considerably on price. pic.twitter.com/gZZz5RJxdK

Key Support Levels for Bitcoin Identified by Analyst

At the same time, CryptoQuant analyst BorisVest pointed out an important support level for Bitcoin between $65,000 and $71,000. It is calculated on the basis of two main indicators: the Active Realized Price and the True Market Mean Price.

The Active Realized Price, which is about $71,000 now, excludes long-sleeping coins, concentrating on active market players.

The True Market Mean Price of $65,000 is a wider market average on the basis of recent trades.

According to BorisVest, if Bitcoin BTCUSD falls into this zone, there may be strong institutional demand and long-term holder demand. He implied this area could act as a basis for accumulation and could lead to the next wave of increase.

While there are still some participants closing their positions, others are taking this consolidation phase as an opportunity to accumulate more.

By including relevant keywords and linking to related articles, the rewritten content aims to provide comprehensive information while enhancing search engine optimization for CryptoTelegraphs.

Join Telegram Channel For Daily New update: https://t.me/cryptotelegraphs_updates