Bitcoin Holds Above $84,000: What Do These 2 BTCUSDT Signals Say About Sentiment?

Bitcoin price holds steady above $84,000 as President Trump lambasts the Fed criticism. Though optimism is high, traders urge caution, looking at two key onchain metrics. Stablecoin growth is slowing down, meaning there is little capital flowing into crypto. Also, the Bitcoin Realized Cap is at an all-time high but expanding at a relatively slow pace.

Crypto prices remain steady, holding above the $2.7 trillion mark as investors closely monitor Bitcoin. Currently, the Bitcoin price is firm above $84,000, rejecting any attempts by sellers to push the coin below April 2025 lows.

(BTCUSDT)

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Bitcoin Firm Above $84,000 as Trump Criticizes the Federal Reserve

At spot rates, the digital gold is up nearly 8% in the past week of trading, inching closer to $85,000. If buyers press on, any close above $90,000 in the coming few days could see investors turn their attention to some of the best 100X cryptos in 2025.

Remarkably, Bitcoin is proving resilient, barely 12 hours after Donald Trump launched a public tirade against Jerome Powell, the chair of the Federal Reserve. The President has criticized the central bank’s stance on interest rates, demanding they be lowered.

Frustrated by Powell and the Federal Reserve’s slow response, Trump has called for his dismissal.

On Wednesday, the chair said Trump’s aggressive tariff policies could negatively impact the economy, with consequences “larger than anticipated.”

“The level of tariffs increases announced so far is significantly larger than anticipated, and the same is likely to be true for the economic effects, which is higher inflation and slower growth.” – Powell

How much clearer could it get?

pic.twitter.com/vHp2mjtz8Z

— Spencer Hakimian (@SpencerHakimian) April 17, 2025

Powell also noted that the central bank is navigating uncharted economic waters to keep inflation low and stabilize employment.

If the Federal Reserve slashes rates, Bitcoin, a hedge against fiat debasement and policy uncertainty, could soar. In turn, some of the best Solana meme coins could also benefit.

Watch Out for These 2 Key BTCUSDT Metrics

However, beneath the current optimism and price stability, Glassnode analysts have identified two major trends that may prompt bulls to reassess their positions.

In their analysis on X, they observed that stablecoin supply growth has slowed in recent weeks.

Tokens like USDT, USDC, FUSD, and USDS are primarily used as quote assets for most crypto pairs on major exchanges. When stablecoin supply grows, it signals new capital entering the market, often boosting Bitcoin and altcoin prices.

(Source)

However, recent data shows that while supply remains steady, growth momentum is softening. This development indicates a “risk-off” environment, with investors hesitant to deploy capital aggressively into Bitcoin or even some of the hottest presales in 2025.

Additionally, the Bitcoin Realized Cap is at an all-time high of $872 billion. This metric measures the valuation of all BTC based on the price when it was last moved.

(Source)

Despite the Realized Cap hitting a record high, it grew by less than 1% over the past month. From this, analysts concluded that capital inflows into BTC are slowing, even though spot prices remain steady above $80,000.

The slowdown in Realized Cap momentum signals that long-term holders, or “diamond hands,” are not selling. However, new buyers are less aggressive, pointing to caution and a “risk-off” sentiment. If this persists, Bitcoin prices are likely to consolidate sideways rather than break higher.

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