The price of Bitcoin jumped by more than double digits over the past week, putting in one of its best performances so far in 2025. After struggling under $87,000 for the past two months, the flagship cryptocurrency has finally returned above the $90,000 level. It remains unclear whether the recent BTC price surge is a continuation signal for the bull cycle. However, the latest on-chain data suggests that the investor sentiment might be turning positive again, meaning that the Bitcoin bull run could truly be back on. ‘ETF Printer Goes Brrr’ – Crypto Analyst In an April 25 post on the X platform, a crypto analyst with the pseudonym Maartunn shared an on-chain insight into the recent price rally experienced by the world’s largest cryptocurrency. According to the online pundit, the growing appetite of exchange-traded fund (ETF) investors in the past few days might have contributed to the Bitcoin bullish momentum. Related Reading: Litecoin Conviction Remains Strong: More Than 20% Of Supply Frozen Since 5+ Years The relevant indicator here is the Coinbase Premium Gap, which tracks the difference between the Bitcoin price on US-based Coinbase Pro (USD pair) and global Binance exchange (USDT pair). When this difference is positive, it implies BTC is trading at a higher price on Coinbase than on Binance. Typically, a positive Coinbase Premium Gap indicates that US-based investors are purchasing Bitcoin aggressively, especially through ETF issuers that use Coinbase as a liquidity provider. According to data from CryptoQuant, this metric’s 30-hour moving average has stayed positive for more than 265 straight hours (approximately 11 days). Maartunn noted that this is the fifth-longest streak since the spot Bitcoin exchange-traded funds started trading in January 2024. Typically, a consistently positive Coinbase Premium Gap suggests that US institutional players and large investors are willing to pay above-market prices for Bitcoin — specifically through regulated channels like ETFs or custodial platforms. This prolonged positive streak is historically correlated with positive price action and accumulation phases for the flagship cryptocurrency. Hence, the latest spike in the Coinbase Premium Gap could provide the adequate condition to sustain Bitcoin’s newly-found bullish momentum and perhaps catalyze the next significant breakout. Bitcoin Price At A Glance The price of Bitcoin has climbed above $95,000 for the first time since February, reflecting a 2% increase in the past 24 hours. According to CoinGecko data, the premier cryptocurrency has surged by more than 13% in the past seven days. Related Reading: Bitcoin Holders Realizing $139 Million In Profit Per Hour This Rally, Report Says Featured image created by DALL.E, chart from TradingView
On Thursday, April 3, United States President Donald Trump announced new trade tariffs on goods from different countries, with some Asian nations facing even steeper fees. While the US financial markets reacted negatively to this economic action, the crypto and Bitcoin markets have been able to withstand the global macroeconomic pressure. Bitcoin Price Overview According to data from CoinGecko, the price of Bitcoin has barely made any significant move over the last seven days. However, this piece of data does not tell the entire story, as the premier cryptocurrency made a play for the $87,000 mark on Wednesday, April 2, before recently falling back to around $84,000. The price of Bitcoin is being closely watched by market participants and speculators, especially considering the underwhelming performance of the US equities market over the past two days. This recent development suggests that the world’s largest cryptocurrency might be decorrelating from the traditional markets. Related Reading: Is Korea Propping Up The XRP Price? Pundit Explains What’s Happening As of this writing, the premier cryptocurrency stands at around $84,000, reflecting an over 2% increase in the past 24 hours. This single-day performance might bode well for what is to come over the weekend, especially as the Bitcoin price has not particularly impressed at the latter end of each week so far in 2025. Is A BTC Price Bounce On The Horizon? In a new post on the X platform, crypto analyst Maartunn revealed that the Bitcoin bulls might be on the move again. This on-chain observation is based on changes in the Taker Buy Volume, a metric that measures the total volume of buy orders filled by takers in perpetual swaps of a specific cryptocurrency. In the crypto trading context, a taker refers to a market participant who places an order matched with an existing order on the order book. Hence, the Taker Buy Volume indicates the total amount of a cryptocurrency (BTC, in this scenario) purchased by these market participants within a specific period. Maartunn mentioned in his post that the “taker buyers” are beginning to step into the market, with the buy volume surpassing a significant milestone. According to the on-chain analyst, the Bitcoin Taker Buy Volume on all centralized exchanges recently crossed 100 million BTC to around 101.18 million BTC. Historically, notable upticks in the Taker Buy Volume have often preceded a bullish surge in the price of Bitcoin. Going by this trend, Maartunn urged to watch out for the BTC price action over the next few days. Related Reading: Toncoin Takes A Hit With 12% Correction After Failing To Break $4.34, More Pain? Featured image created by DALL-E, chart from TradingView