The Trump Factor: Experts Observe Activation of 1057 BTC After Years of Inactivity

CryptoQuant has detected the activation of 1,057 BTC that had been dormant for the past 7 to 10 years.

This surge in activity may have been triggered by panic in the stock market following Trump’s announcement of new tariffs labeled as «liberating.»

The platform assessed that large companies purchased 91,781 BTC between January and March 2025.

Factors contributing to this increase include a list of potential buyers for Bitcoin in the second quarter.

Analysts noted that this surge did not prevent Bitcoin’s decline of 12%.

They attributed this trend to the «unloading» of 178,000 BTC by long-term holders and ETF investors, amounting to approximately $4.8 billion.

On April 2, inflows into exchange-traded products reached $220.8 million, marking the highest level in three weeks.

Total inflows rose to $36.24 billion, with Assets Under Management (AUM) amounting to $97.35 billion.

That same day, the largest contributions came from ARKB by ARK Invest and 21Shares ($130.2 million) and FBTC by Fidelity Investments ($118.8 million).

Separately, CryptoQuant addressed the market dynamics of the second-largest cryptocurrency, Ethereum. Analysts linked the drop of the ETH/BTC ratio to 2020 lows with adverse on-chain conditions.

Specifically, they reported a steady decline in the number of active addresses since the beginning of the year, while average fees reached record lows.

As a result of stagnation in on-chain activity, the coin burn rate fell to its lowest level since The Merge, which intensified inflationary pressures following the Dencun update.

On the XRP chart, a risk of forming a «head and shoulders» reversal pattern has emerged, as warned by technical analyst Peter Brandt.

The price is currently nearing the «neckline» of the pattern, situated between $1.90 and $2. Breaking below this level could lead to a subsequent drop to $1.07.

To avert a negative scenario, bulls need to push the price back above $3.

It is worth noting that if Bitcoin can maintain the $76,500 support level ahead of the U.S. tax deadline on April 15, the market may eliminate the uncertainty and volatility arising from U.S. trade tariffs. This opinion was expressed by BitMEX co-founder Arthur Hayes.

Previously, CryptoQuant founder and CEO Ki Young Ju stated in March that the bullish market phase for digital gold has concluded. He forecasted that prices would either decline or remain stable in the coming six months to a year.