Bitfinex: Bitcoin is impacted by tariff policies, but institutional investors continue to increase their holdings, showing market resilience

Odaily Report: Bitfinex Alpha's latest report shows that the Bitcoin market is undergoing structural changes. Although the BTC price fell below $10,000 due to the impact of Trump's tariff policy, the continuous increase in institutional investment shows the resilience of the market. MicroStrategy has increased its holdings by 11 billion dollars, adding 10,107 bitcoins to its total holdings of 158,400 bitcoins, and has filed a financing application with the SEC to prepare for future increases; Japanese listed company Metaplanet has completed a $745 million financing to expand its Bitcoin reserves to hedge against the risk of Yen depreciation. In January 2025, BTC recorded a 10% increase, and the price has been consolidating within a 15% range for nearly 65 days. At the macro level, the correlation between Bitcoin and the traditional market has increased, with the 30-day correlation with the S&P 500 reaching 0.8, a 5-month high. The Federal Reserve has kept interest rates unchanged at 4.25%-4.50%, with inflation still above the 2% target and core PCE remaining at 2.8% year-on-year. Meanwhile, Tether is integrating its $140 billion USDT into the Bitcoin Lightning Network, using Taproot Assets technology to improve network payment efficiency, driving the transformation of Bitcoin from a store of value to a payment network.