Sovereign wealth funds quietly accumulate Bitcoin: Coinbase Insights | Flash news details

On April 24, 2025, Coinbase announced that sovereign wealth funds are quietly buys Bitcoin, indicating a bullish trend in the encrypted currency market (Source: Crypto Rover Tweet, April 24, 2025). This revelation led to a significant increase in the price of Bitcoin, which jumped from $ 65,000 to $ 68,500 during the first hour of the announcement at 10:00 am US EST (Source: Coinmarketcap, April 24, 2025). The news has sparked widespread attention between institutional investors and retail investors, as sovereign wealth funds are seen traditionally as conservative investors, and their entry into the encryption space is seen as a vote on confidence in the value of Bitcoin in the long term (Source: Bloomberg, April 24, 2025). This development also raised the increase in trading volumes across the various stock exchanges, as Coinbase has reported a 30 % increase in Bitcoin trading immediately after the announcement (Source: Coinbase trading data, April 24, 2025). In addition, this news increased the focus on other cryptocurrencies, as altcoins such as Ethereum and Cardano also increased prices by 5 % and 3 %, respectively, in the same time frame (Source: Coingecko, April 24, 2025). The market’s reaction to the interest of sovereign wealth funds in Bitcoin highlights the possibility of large price movements driven by institutional adoption (Source: Reuters, April 24, 2025).

The trading effects on the sovereign wealth funds that buy Bitcoin are deep, as they indicate a shift in the institutional investment scene towards digital assets. After this announcement, the Bitcoin/USD trading pair witnessed an immediate increase in an open interest, increasing by 20 % to 1.2 million contracts at Chicago Mercantile Exchange (CME) by 11:00 pm East US time (Source: CME Group, April 24, 2025). This increase in the open interest indicates that traders are betting on more prices, driven by the confidence planted by the involvement of sovereign wealth funds. Moreover, Bitcoin/EUR’s pair on Bitstamp also a significant increase in trading volume, increased by 25 % to 5000 BTC within the first two hours of breaking news (Source: BITSTAP, April 24, 2025). The increase in the volume of trading through multiple pairs indicates a wide transformation in the market towards the rise on bitcoin, as traders and investors seek to take advantage of the momentum. In addition, the scales on the Bitcoin series showed a noticeable increase in the active headlines, rising from 800,000 to 950,000 during the same period, indicating an increase in network and interest activity (Source: Glassnode, April 24, 2025). The combination of increasing trading volumes and activity on the series confirms the strong response of the news.

Bitcoin’s technical indicators reflect after the announcement of sovereign wealth boxes a thunderbolt. Bitcoin RSI (RSI) index moved on a single -hour scheme from 60 to 72 during the first hour of the advertisement, indicating strong purchase pressure and possible high conditions (Source: TradingView, April 24, 2025). MACD also showed a bullish intersection, with the MacD line crossing the signal line at 10:30 am US EST, supports biological feelings (Source: TradingView, April 24, 2025). Bitcoin trading on Binance increased by 40 % to 10,000 BTC in the first three hours of the advertisement, reflecting the increase in market activity and interest (Source: Binance, April 24, 2025). Bollinger’s Bitcoin ranges dramatically, with the upper range from $ 67,000 to $ 70,000, indicating increased volatility and other price movements (Source: TradingView, April 24, 2025). These technical indicators, in addition to increasing the volume of trading and standards on the series, provide a comprehensive vision of the market reaction to the interest of sovereign wealth funds in Bitcoin.

Related questions:
What is the effect of the participation of sovereign wealth funds on the price of bitcoin? The participation of sovereign wealth funds in buying a strong vote on confidence in the cryptocurrency, which led to an increase in demand and a later increase in the price, as shown on April 24, 2025, when the price of Bitcoin rose from $ 65,000 to $ 68,500 within an hour of the announcement (Source: Coinwarkap, April 24, 2025).
How does the increase in trading volume affect the dynamics of the Bitcoin market? The increase in trading volume, such as a 30 % increase in Coinbase after the announcement of sovereign wealth funds, indicates an increase in market and liquidity, which can lead to more important price movements and increase fluctuation (Source: Coinbase trading data, April 24, 2025).
What are the technical indicators that merchants should see after this news? Merchants should monitor the RSI, MACD and Bollinger teams, as these indicators can provide an insight into market morale and potential price movements. For example, RSI suggests from 60 to 72 and MACD offer a bullish intersection on April 24, 2025, indicating strong purchase pressure and upscale market expectations (Source: Tradingview, April 24, 2025).