Bitcoin Supply Plummets to Six-Year Low as Public Companies Drive Volatility

Bitcoin’s supply on exchanges has plunged to a six-year low as public companies ramp up their accumulation, signaling a shift toward long-term holding and institutional confidence. Meanwhile, regulatory tensions are escalating in Europe amid dramatic price swings and speculation over US crypto policy, with stablecoins at the center of the debate. ARK Invest’s bold new forecast sees Bitcoin potentially reaching $2.4 million by 2030, driven by institutional adoption and emerging market demand. Jack Dorsey’s Block is set to roll out major privacy and security upgrades for its self-custody wallet, while Bitcoin, Ethereum, and Ripple consolidate after robust weekly rallies, with technicals hinting at possible short-term corrections. Dive into the latest developments shaping the future of digital assets and the global financial landscape.

Bitcoin Supply on Exchanges Hits Six-Year Low Amid Public Company Accumulation

According to Cointelegraph, Bitcoin reserves on cryptocurrency exchanges have dropped to their lowest level since November 2018, with the supply now at roughly 2.6 million BTC. This significant decline is attributed to increased purchases by publicly traded companies, particularly following the US presidential election. Over 425,000 BTC have moved off exchanges since November, a trend often interpreted as a sign of long-term investment rather than short-term trading.

During the same period, publicly traded companies acquired nearly 350,000 BTC. The majority of this accumulation was driven by Strategy, the business intelligence firm co-founded by Michael Saylor, which acquired 285,980 BTC—accounting for 81% of the total purchased by public companies. Strategy’s latest purchase of 6,556 BTC was disclosed on April 21. In Asia, companies like Japan’s Metaplanet and Hong Kong’s HK Asia Holdings have also increased their Bitcoin allocations, with Metaplanet currently holding 5,000 BTC and aiming to double that amount within the year. HK Asia Holdings announced plans to raise approximately $8.35 million to potentially increase its Bitcoin reserves.

Metric	Value
BTC on Exchanges	2.6 million
BTC moved off exchanges since Nov	425,000+
BTC acquired by public companies since Nov	350,000
Strategy's BTC acquisition since Nov	285,980
Metaplanet BTC holdings	5,000
HK Asia Holdings fundraising	$8.35 million

Fidelity Digital Assets, a subsidiary of Fidelity Investments, reported these trends and anticipates further acceleration in public company Bitcoin purchases.
Fidelity is also the issuer of the Fidelity Wise Origin Bitcoin Fund, one of the first 11 spot Bitcoin ETFs approved in the US.

Summary: Bitcoin reserves on exchanges have reached a six-year low, driven by significant public company accumulation, with Strategy and Asian firms leading the trend (Source: Cointelegraph).

Leak Reveals Panic Over Trump’s Bitcoin and Crypto Plans Amid Price Swings

Forbes reports that Bitcoin and crypto prices have experienced wild swings since US President Donald Trump took office, with Bitcoin reaching over $90,000 per coin after previously falling below $75,000 in April. The volatility has led to growing concerns among global financial regulators, particularly in Europe, about the potential impact of Trump’s pro-crypto stance and the rise of US dollar-based stablecoins.

The European Central Bank (ECB) and the European Commission have clashed over the effectiveness of the Markets in Crypto Asset Regulation (MiCA) in light of Trump’s embrace of crypto and stablecoins. The ECB, led by Christine Lagarde, has called for an urgent rewrite of MiCA, warning that the growth of stablecoins could spark financial contagion and threaten the European economy. A leaked policy paper cited by Politico highlights these concerns, especially as two US crypto bills that would cement stablecoins’ place in the financial system are advancing through Congress, with potential passage by August.

Standard Chartered Bank research cited in the article projects that the stablecoin market could grow from $230 billion currently to $2 trillion by the end of 2028, driven by pro-crypto US legislation. The European Commission, however, argues that the risks posed by global stablecoins are overstated and manageable under the current legal framework. An anonymous Commission official suggested that the ECB may be exaggerating the risks to garner support for the digital euro project.

“Bitcoin has been surprisingly resilient throughout the trade war, holding up against altcoins and, more recently, against the S&P 500,” said Alex Svanevik, CEO of Nansen. “The ongoing positive news flows around bitcoin, notably the Treasury looking for ways to swap reserves into bitcoin, have likely helped.”

Bitcoin price topped $90,000 this week, after falling below $75,000 in April.
Stablecoin market could reach $2 trillion by 2028, up from $230 billion.
ECB calls for urgent MiCA rewrite; European Commission disputes the level of risk.

Summary: Regulatory tensions are rising in Europe over the impact of US crypto policy, with stablecoins seen as a potential risk to financial stability. Bitcoin remains resilient amid these developments (Source: Forbes).

ARK Invest Raises 2030 Bitcoin Bull Case Price Target to $2.4 Million

Bitcoin Magazine reports that ARK Invest has updated its long-term outlook for Bitcoin, projecting a bull case price target of approximately $2.4 million per coin by 2030. This revised target is based on a comprehensive modeling framework that considers Bitcoin’s total addressable market, adoption trends, and supply dynamics. The bull case scenario implies a compound annual growth rate (CAGR) of about 72% from December 31, 2024, to December 31, 2030.

ARK’s base and bear case estimates are $1.2 million (CAGR ~53%) and $500,000 (CAGR ~32%), respectively. The report highlights that institutional investment is the primary driver of the bull case, with a projected 6.5% penetration of the $200 trillion global market portfolio (excluding gold) by 2030. This allocation would be nearly double the current allocation to gold. The report also notes that Bitcoin’s role as “digital gold” is expected to contribute more than a third to the bull case valuation, assuming Bitcoin captures 60% of gold’s $18 trillion market cap.

Emerging market demand is another significant factor, with ARK estimating that this use case could account for 13.5% of the $2.4 million valuation, assuming a 6% penetration rate of emerging market monetary bases. Additional contributions are expected from nation-state treasuries, corporate cash reserves, and the expanding on-chain financial services ecosystem. The report also adjusts for Bitcoin’s “active” supply, suggesting that scarcity and lost supply are not fully reflected in most valuation models, which could mean further upside potential.

Scenario	2030 Price Target	CAGR
Bull Case	$2.4 million	~72%
Base Case	$1.2 million	~53%
Bear Case	$500,000	~32%

Institutional investment projected to reach 6.5% of the $200 trillion global market portfolio (ex-gold) by 2030.
Digital gold use case could contribute over a third to the bull case valuation.
Emerging market demand and on-chain financial services are key growth drivers.

Summary: ARK Invest’s updated forecast sees Bitcoin potentially reaching $2.4 million by 2030, driven by institutional adoption, emerging market demand, and on-chain innovation (Source: Bitcoin Magazine).

Jack Dorsey Teases Major Updates for Block’s Self-Custody Bitcoin Wallet

The Daily Hodl reports that Jack Dorsey’s fintech firm Block is preparing to roll out significant new features for its self-custody Bitcoin wallet, Bitkey, in the coming months. Dorsey announced on X that upcoming features include transaction verification, fingerprint reset, private wallet balances, and private purchasing options.

Max Guise, Bitkey’s lead developer, detailed that a transaction-verification software feature will be released by mid-year. The team is also exploring enhanced transaction verification using hardware and an optional cold wallet configuration for users seeking greater security. A secure fingerprint reset mechanism is planned for May, and privacy upgrades such as private wallet balances and private purchasing will follow soon after. Customers will be able to purchase a Bitkey device without disclosing their home address, with options for in-person pickup at thousands of US locations and the ability to buy Bitkey with Bitcoin.

Transaction verification feature to roll out by mid-year.
Secure fingerprint reset mechanism planned for May.
Privacy upgrades, including private wallet balances and private purchasing, expected soon after.
Option to buy Bitkey without disclosing personal address and with Bitcoin.

Summary: Block’s Bitkey wallet will soon offer enhanced security and privacy features, including transaction verification, fingerprint reset, and private purchasing options (Source: The Daily Hodl).

Bitcoin, Ethereum, and Ripple Price Predictions: Consolidation After Strong Weekly Gains

FXStreet reports that Bitcoin (BTC) price stabilized around $93,000 on Friday, following a 9.5% rally for the week. Ethereum (ETH) and Ripple (XRP) also saw gains of 10% and 5%, respectively. However, momentum indicators suggest potential bullish exhaustion, indicating a possible pullback in the coming days.

Bitcoin broke above resistance on Monday, rising 10.45% to close above $93,000 on Thursday, but failed to surpass its March high of $95,000. The Relative Strength Index (RSI) on the daily chart reads 66, down from its overbought level of 70, signaling fading bullish momentum. If Bitcoin continues its pullback, it could find support around the $90,000 level. Conversely, a close above $95,000 could see the rally extend to $97,000.

Ethereum rallied 11.19% on Tuesday, closing above $1,700, and reached a high of $1,834, but failed to close above resistance at $1,861. At the time of writing, ETH trades around $1,750. If it closes below $1,700, it could retest support at $1,449. The RSI stands at 52, pointing downward.

XRP failed to close above resistance at $2.23 and declined to around $2.17. If the correction continues, XRP could retest support at $1.96. The RSI is at 52, also pointing downward. A close above $2.23 could see XRP retest its March 24 high of $2.50 and potentially reach $3.00.

Asset	Current Price	Weekly Gain	Key Resistance	Key Support
Bitcoin (BTC)	$93,000	9.5%	$95,000 / $97,000	$90,000
Ethereum (ETH)	$1,750	10%	$1,861	$1,700 / $1,449
Ripple (XRP)	$2.17	5%	$2.23 / $2.50 / $3.00	$1.96

Momentum indicators for all three assets suggest potential for a short-term pullback.
Key resistance and support levels will determine the next direction for each asset.

Summary: Bitcoin, Ethereum, and Ripple have consolidated strong weekly gains, but technical indicators point to possible short-term corrections (Source: FXStreet).

Einschätzung der Redaktion

Die anhaltende Verlagerung von Bitcoin-Beständen von Börsen in die Hände börsennotierter Unternehmen signalisiert eine strukturelle Veränderung im Marktverhalten und unterstreicht das wachsende institutionelle Vertrauen in Bitcoin als langfristigen Wertspeicher. Die Reduktion des verfügbaren Angebots auf Handelsplattformen kann die Marktliquidität verringern und die Preissensitivität erhöhen, was in Phasen erhöhter Nachfrage zu stärkeren Preisausschlägen führen könnte. Die Dominanz einzelner Akteure bei der Akkumulation, insbesondere durch Unternehmen wie Strategy, verdeutlicht zudem die zunehmende Professionalisierung und strategische Ausrichtung institutioneller Investoren im Kryptosektor. Diese Entwicklung könnte die Volatilität kurzfristig verstärken, langfristig aber die Marktstabilität durch eine breitere institutionelle Basis fördern.

Institutionelle Akkumulation reduziert das verfügbare Angebot und erhöht die Preissensitivität.
Wachsende Beteiligung börsennotierter Unternehmen stärkt die Wahrnehmung von Bitcoin als Anlageklasse.
Marktstruktur wandelt sich von spekulativem Handel zu langfristiger Wertaufbewahrung.

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