Bitcoin Nears $100K as Sovereign Wealth Fund Faces Major Losses



Bitcoin has seen a strong rally over the past five days, surging nearly 14% and reaching a high of $95,600. While the momentum has paused for now, the bullish trend suggests that BTC could soon retest the highly anticipated $100,000 level.

Meanwhile, Norges Bank Investment Management (NBIM), the world’s largest sovereign wealth fund managing around $1.8 trillion, reported a massive $40 billion loss for the first quarter of 2025. Ironically, this fund had previously dismissed Bitcoin as "too risky" and opted instead for traditional tech stocks.



Sovereign Fund’s Risk Strategy Backfires

NBIM’s decision to avoid Bitcoin and favor “safe” U.S. tech stocks has come under scrutiny. Eli Nagar, CEO of Braiins Mining, highlighted the irony in the fund’s Q1 performance, noting that despite fears over Bitcoin’s volatility, their chosen investments failed to protect them.

According to CNBC, over 55% of NBIM’s investments are in U.S. markets, with major holdings in companies like Nvidia, Alphabet, Meta, and Amazon.

Hidden Bitcoin Exposure?

Interestingly, although the fund has avoided direct Bitcoin investments, it still has indirect exposure to the crypto market. NBIM holds stakes in companies like MicroStrategy, Coinbase, and Metaplanet — all of which are significantly tied to Bitcoin’s performance.

BTC Price Analysis: Is $100K Within Reach?

As of now, Bitcoin Price is trading around $94,709.13 after closing Friday on a strong note . Technical charts reveal that BTC has broken out of a previous value range between $81,000 and $88,400, entering a broader consolidation zone between $93,000 and $102,500.This move suggests bullish control, but there are signs that the momentum could be weakening.


For a more detailed Bitcoin price prediction 2030, check out our full analysis!

Warning Signs: Bearish Divergence Appears

The Relative Strength Index (RSI) is currently in overbought territory and has started forming lower highs, even as Bitcoin's price makes higher highs. This pattern, known as bearish divergence, often signals a potential correction. A similar trend is visible on the Awesome Oscillator (AO).

Despite this, Bitcoin could still climb higher in the short term. If it manages another spike, it might move into a critical reversal zone between $97,100 and $98,100.

For cautious traders, this area could present an opportunity to short Bitcoin. However, there’s also a chance that a volatility-driven move could propel BTC directly to $100,000, so careful strategy and risk management are essential.

Bitcoin’s journey to $100,000 looks promising but comes with technical warning signs. Meanwhile, the Norges Bank’s significant loss serves as a stark reminder that even "safe" investments carry their own risks.

Comments

Post a Comment

Popular posts from this blog

Dogecoin Price Prediction: What’s Next for the Meme Coin?

Image
Dogecoin price predictions are buzzing, especially as Bitcoin continues to influence the cryptocurrency market. Currently trading at around $0.11 as per Coinpedia markets data, Dogecoin is navigating both opportunities and challenges in this ever-changing landscape. The Impact of Bitcoin on Dogecoin :Analysts Predict Big Gains Experts have high hopes for Dogecoin, with some predicting it could soar to $2. This optimistic view hinges on Bitcoin reaching $150,000 in the next major market surge, Many are eagerly awaiting the next few months to see how these dynamics play out. Dogecoin's Journey: From Meme to Mainstream Originally launched as a joke, Dogecoin has transformed into one of the most recognized cryptocurrencies. The Dogecoin Foundation is actively pursuing projects designed to enhance its utility and appeal. These initiatives include GigaWallet, LibDogecoin, and RadioDoge, all aimed at streamlining transactions and improving accessibility, especially in areas with limited...
Read more

Is Dogecoin Ready for a Major Price Breakout?

Image
A significant event has recently unfolded in the cryptocurrency world, capturing the attention of Dogecoin (DOGE) enthusiasts. A staggering  700 million DOGE , worth over  $78.68 million , has been transferred between two previously unknown wallets. This transfer has sparked intrigue among traders and analysts alike. The Transfer Details According to Whale Alert , the transaction involved the wallets  "D79tQ"  and  "D9jmV."  While the latter has a history of transactions, the former was completely unknown prior to this event. Such large transfers often lead to speculation about potential market movements. Current Market Update  As of writing this article Dogecoin was trading at $0.13 With 10.52% Increase in last 24 Hours  as per Coinpedia Markets data  For a more detailed analysis of Dogecoin price prediction and what to expect next, be sure to check out our in-depth article. Dogecoin's Price Movement This transfer occurred during a day of m...
Read more

XRP Price Update: Will XRP ETF Filing Sparks Hope ?

Image
This past week, XRP had a chance for a significant breakout. On Tuesday, the Ripple price peaked at $0.53 but dropped nearly 6% on October 31. Despite a slight rebound on Friday, XRP is currently trading at $0.51 as per Coinpedia markets data. For a deeper dive into XRP Price Prediction and market trends, check out our detailed analysis. 21Shares Files for XRP ETF On Friday, XRP saw a small rebound after 21Shares, a prominent ETF issuer, filed with the U.S. SEC to launch an XRP exchange-traded fund (ETF). If approved, the “21Shares Core XRP Trust” will be listed on the Cboe BZX Exchange, allowing investors a cost-effective way to gain exposure to XRP without purchasing the token directly. 21Shares emphasized that XRP is not classified as a security, following the SEC's recent decision not to challenge its legal status during the ongoing Ripple appeal. The ETF aims to provide shareholders with an economical way to invest in XRP. Current XRP Price Analysis Currently, XRP is hoverin...
Read more