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BTC Flirts With $94K as Whales Wake, Institutions Stack, and the Fed Looms
BTC Flirts With $94K as Whales Wake, Institutions Stack, and the Fed Looms
Joe G & Money Talks
May 06, 2025 • Estimated Reading Time: 7 minutes
What we will talk about today...
Coinbase Premium Turns Negative, CME Gaps Signal Choppy Ride
Berkshire Hathaway Could Buy 18% of All Bitcoin — But Will It?
Dormant Whales Move $325M Ahead of Fed Decision
OpenAI Scraps For-Profit Conversion, Stays a Nonprofit
BlackRock’s IBIT Surpasses MicroStrategy’s BTC Holdings
Bitcoin is trapped in a volatility sandwich. For the first time in over two weeks, the Coinbase premium flipped negative, signaling reduced US spot demand. At the same time, CME futures gaps between $92K–$92.5K and $96.4K–$97.4K suggest price is magnetized by both sides — creating likely swings this week.
🚨BREAKING: Bitfinex whales are selling $BTC
Jokes aside, sell delta is larger than on Binance spot.
— exitpump (@exitpumpBTC)
3:17 PM • May 5, 2025
Futures open interest dropped by 8,000 BTC, while spot CVD data shows persistent selling. Analysts like @Exitpump note Bitfinex whales have led recent sell pressure. Still, buying interest is returning in derivatives, with bid-ask deltas ticking positive.
“It’s clean: I’m only trading $91.9K or $95.5K,” said trader UB. “Anything in between is noise.”
⚡️ Market Snapshot
BTC Price: $93,986
Dominance: 70%
BTC ETF Inflows (2W): $4.5B
Key Level: $92K (CME gap support)
Trend Bias: Cautious consolidation
Berkshire Hathaway Could Buy 18% of All Bitcoin — But Will It?
With Warren Buffett set to retire, incoming CEO Greg Abel inherits a $347B cash pile — enough to buy 3.5 million BTC at current prices. That’s nearly 18% of circulating supply. While Abel hasn’t hinted at a crypto pivot, Berkshire already holds indirect exposure via Nu Holdings and Jefferies (a BlackRock IBIT investor).
Berkshire Hathaway is 20th Century Bitcoin.
— Michael Saylor (@saylor)
5:47 PM • May 3, 2025
Strategy’s BTC stash? 553,555 BTC
Berkshire's potential? 6x that, using just 85% of its Treasuries.
NEWS: Warren Buffett to step down as Berkshire Hathaway CEO by year-end.
WILL THE NEW CEO EMBRACE $BTC?
THEY ARE SITTING ON OVER $334 BILLION IN CASH RIGHT NOW
— Discover Crypto (@DiscoverCrypto_)
6:30 PM • May 3, 2025
Still, don’t expect a BTC shopping spree. Abel follows Buffett’s value-first playbook, and Berkshire’s crypto exposure remains carefully indirect.