Bitcoin Barely Budges Despite Softer US CPI Data – What’s Next For BTC?

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Bitcoin (BTC) remained largely steady after the discharge of the US Shopper Value Index (CPI) for April 2025, which got here in beneath expectations. The information suggests inflation is continuous to chill, a probably optimistic signal for risk-on property like BTC.

Bitcoin Makes Minimal Transfer After April CPI Knowledge

The Bureau of Labor Statistics reported a 0.2% enhance in April CPI, slightly below the 0.3% forecast. Whereas the determine marked a rebound from the -0.1% decline recorded in March 2025, it nonetheless pointed to subdued inflationary pressures.

Yr-over-year (YoY), CPI rose by 2.3% – the slowest annual enhance since February 2021. Core CPI, which excludes risky meals and power costs, rose by 0.2% in April in comparison with 0.1% in March. This was additionally beneath the consensus estimate of 0.3%. On a YoY foundation, Core CPI remained regular at 2.8%, in keeping with expectations.

The lower-than-expected inflation knowledge helps the Federal Reserve’s cautious “wait and watch” stance on rate of interest cuts, bolstering the case for holding present coverage till additional macroeconomic readability emerges.

Regardless of the optimistic macro backdrop, Bitcoin’s worth response was muted. On the time of writing, BTC is buying and selling within the low $100,000 vary – roughly 5.1% beneath its all-time excessive (ATH) of $108,786 set in January 2025.

Though the value response was gentle, technical analysts stay optimistic. Famous crypto analyst Titan of Crypto shared the next chart indicating a possible transfer to new all-time highs, pushed by a strengthening weekly Relative Energy Index (RSI).

Equally, crypto analyst Jelle commented on BTC’s resilience across the $102,000 stage, suggesting this will act as a robust assist zone. “Not a lot is left to carry BTC again now,” the analyst famous, indicating confidence in a continued rally.

BTC Change Reserves Depleting, Traders Accumulating

On-chain knowledge additionally helps the bullish outlook. Crypto influencer Davinci Jeremie pointed out in a current X publish that Bitcoin reserves on centralized exchanges have dropped considerably and at the moment are hovering round 2.4 million BTC – a stage that might contribute to a looming provide shock.

Decrease BTC reserves on crypto exchanges are prone to bolster the provision shock narrative for the flagship cryptocurrency, which can result in a parabolic worth motion. Knowledge additionally reveals that giant buyers are accumulating BTC.

In a separate X publish, crypto analyst Bitcoin Munger shared the next chart which reveals that BTC sharks – wallets holding 100 to 1,000 BTC – have been accumulating BTC at a fast tempo. At present, these entities maintain greater than 3.55 BTC collectively.

That stated, current knowledge reveals that open curiosity has not risen in tandem with the rise in BTC worth, which can be a trigger for concern. At press time, BTC trades at $103,311, up a modest 0.1% up to now 24 hours.

Featured Picture from Unsplash.com, charts from X and TradingView.com

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