Bitcoin Hits $85K Amid Massive Institutional Buying
Institutional investors are fueling Bitcoin’s latest rally, pushing its price to $85,240.06, a 2.01% daily increase.
Tether acquired 8,888 BTC in Q1 2025, bringing its holdings to nearly $8 billion, while Japan’s Metaplanet added 696 BTC. Bitcoin’s market cap now stands at $1.69 trillion, with futures open interest climbing to $55.38 billion. Short sellers faced $25.19 million in liquidations, highlighting bullish momentum. Analysts expect Bitcoin to test mid-$80K levels, with institutional support potentially driving it toward $90K.
Clever Robot News Desk 2nd April 2025
