Despite the softer US CPI data, Bitcoin has few Budges – What’s next for BTC?
Bitcoin (BTC) has largely remained stable after the release of the U.S. Consumer Price Index (CPI) in April 2025, which was lower than expected. Data show that inflation is continuing to cool down, which is a potential positive sign for risky assets such as BTC.
Bitcoin moves at least after April CPI data
The Bureau of Labor Statistics reported that CPI increased by 0.2% in April, slightly below the forecast of 0.3%. While the figure marks a rebound in the -0.1% decline recorded in March 2025, it still points out that inflationary pressures are also slightly higher.
Year-on-year (younger), CPI grew 2.3%, the slowest annual growth since February 2021. Core CPI, which excludes volatile food and energy prices, rose 0.2% in April, compared with 0.1% in March. This is also below the consensus estimate by 0.3%. As expected, the core CPI remained stable at 2.8%.
Exceeding inflation data support the Fed’s cautious “wait” stance on lowering interest rates, strengthening cases holding current policies until further macroeconomic clarity emerges.
Despite the positive macro background, the price response of Bitcoin remains silent. At the time of writing, BTC is trading as low as $100,000, about 5.1% lower than the January 2025 sale price, at $108,786.
Despite the modest price response, technical analysts remain optimistic. Crypto analyst Titan analyzed the following charts that show that potential shifts to new all-time highs driven by weekly relative intensity index (RSI) enhancement.
Similarly, crypto analyst Jelle commented on BTC’s elasticity, which is at the $102,000 level, suggesting that this could be a strong support zone. Analysts noted that “there is not much money to stop BTC yet,” indicating confidence in the ongoing rally.
BTC exchange reserves are exhausted, investors accumulate
Re-link data support Bullish outlook. Crypto Influencer Davinci Jeremie tip In recent X posts, Bitcoin’s retention for centralized transactions has dropped sharply and is now hovering over 2.4 million BTC, a level that could lead to an imminent supply shock.
Lower BTC crypto exchange reserves could strengthen supply shock narratives for flagship cryptocurrencies, which could lead to parabolic price action. The data also shows that big investors are accumulation BTC.
In a separate X post, crypto analyst Bitcoin Munger shared the following chart that shows that BTC Sharks (wallets holding 100 to 1,000 BTC) have accumulated BTC quickly. Currently, these entities collectively hold more than 3.55 BTC.
That is, the latest data show This open interest has not increased at the same time as BTC prices rise, which may be the reason for the attention. At press time, BTC traded at $103,311, up 0.1% over the past 24 hours.
Featured images from Unsplash.com, charts from X and TradingView.com
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