#Gate13周年现场直击 Crypto Daily(04.24): Bitcoin approaches $80k key resistance level, institutions continue to increase holdings alongside regulatory developments

1. Bitcoin price trend and market analysis
1. In late April 2026, Bitcoin's price bottomed out and rebounded, multiple attempts to break through the critical $78k-$80k level, after which it slightly retreated due to factors like geopolitical tensions, maintaining an overall range-bound fluctuation
2. Different institutions have varying opinions on the trend: some believe Bitcoin has bottomed in the $65,000-$70k range, with potential for long-term doubling; others warn that current buying strength is insufficient, with significant short-squeeze pressure at the $80k mark, cautioning about a pullback risk
3. External macro factors such as oil price volatility caused by US-Iran tensions and the Fed's uncertain rate cut pace are currently the main influences on Bitcoin's price. The market favors safe-haven assets, and Bitcoin's performance is notably stronger than most altcoins
2. Changes in institutional and corporate Bitcoin holdings
1. The US spot Bitcoin ETF has experienced net capital inflows for seven consecutive trading days, totaling nearly $1.9 billion, with BlackRock's IBIT holding close to 810k BTC, accounting for over 60% of the total assets in US spot BTC ETFs, reaching a record high
2. Long-term holders continue to increase their holdings, adding over 300k BTC in the past 30 days, while short-term retail investors have reduced holdings by nearly 290k BTC. Bitcoin is increasingly concentrated among long-term holders and institutions, with exchange reserves dropping to multi-year lows
3. Leading companies like Strategy continue to significantly increase their BTC holdings, providing key marginal buy-side support; companies like Satsuma, due to stock price plunges, are being asked by shareholders to liquidate all Bitcoin holdings, leading to divergence in corporate Bitcoin treasury strategies
4. Traditional financial institutions such as Morgan Stanley are also gradually increasing their Bitcoin holdings, further institutionalizing the Bitcoin holding structure
3. Bitcoin-related asset management services and industry product innovations
1. Hong Kong New Fire Group launched Hong Kong's first compliant Bitcoin-based asset management service, expanding Bitcoin treasury management and institutional asset management in Japan, with compliance asset management accelerating across Asia
2. Global asset management firms are launching crypto-related ETF products, with GSR introducing the first multi-asset crypto ETF supporting staking, covering assets like Bitcoin and Ethereum, to meet institutional diversification needs
4. Technical risks, regulation, and other developments
1. Quantum computing poses potential risks to approximately 1.7 million early Bitcoin, but market analysis suggests that this scale of sell pressure can be gradually absorbed within months, with no systemic collapse risk; governance remains the core challenge
2. South Africa has introduced new regulations requiring travelers to declare crypto assets upon entry and exit, with non-compliance punishable by up to five years in prison, strengthening oversight of capital flows related to crypto assets
3. The US military has publicly acknowledged operating Bitcoin nodes for cybersecurity testing, viewing Bitcoin as a tool for national security