Bitcoin Feels Stuck as Trump-Linked BTC Moves Hit the Market — What Next?
The market reacted after Trump-linked wallets moved around 2,000 BTC. Even without confirmed selling, moves of this size always raise supply risk, especially in thin liquidity. Derivatives turned defensive. Funding rates slipped negative and options traders rushed for downside protection ahead of a large Bitcoin options expiry. When hedging dominates, price usually stalls and makes fake moves. Big players are split. Fidelity Custody keeps accumulating, while Strategy raised cash and chose to wait. When the strongest spot buyer pauses, upside naturally slows. Regulatory pressure didn’t rise. The SEC opened proceedings on Nasdaq Bitcoin Index Options, not a rejection but a delay. IMF comments also eased concerns around El Salvador’s Bitcoin holdings.
Clear take: this is a waiting phase, not a breakdown. The real signal is spot demand returning, not headlines. Patience matters.