Bitcoin continues to trade above the $85,000 mark, signaling a slight upward movement after weeks of price consolidation. As of today, the asset is up 2.2% on the daily chart, giving some traders a reason to anticipate a stronger rally ahead. However, broader timeframes paint a different picture.
Over the last month, Bitcoin is down over 8%, and from its January 2025 all-time high above $109,000, the decline stands at more than 20%.
Public Companies Accumulate BTC While Long-Term Holders Sell
Despite this underperformance, blockchain data provider CryptoQuant has published a breakdown of corporate Bitcoin accumulation in the first quarter of 2025.
The data highlights an aggressive accumulation trend among public companies. In total, these firms added 91,781 BTC
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