President Donald Trump is expected to deliver a speech tomorrow via a recording at Blockworks’ Digital Asset Summit (DAS) in New York City. This will be the first time a sitting U.S. president has addressed a Bitcoin and crypto conference, highlighting the growing influence of digital assets in mainstream financial policy.

Trump has previously engaged with the Bitcoin community, having spoken in person at the world’s largest Bitcoin conference in Nashville last summer while on the campaign trail. His return to the stage now as president further highlights the continued support from the U.S. government on Bitcoin.

Trump’s upcoming address at DAS comes only a couple weeks after moving forward with officially integrating Bitcoin into his national strategy, when he signed an executive order establishing the U.S. Strategic Bitcoin Reserve, positioning BTC as a key asset for the country’s financial future.

Joining the lineup tomorrow at DAS is Strategy’s Michael Saylor, who will deliver a keynote speech and engage in a fireside chat with Bitcoin historian Pete Rizzo. Additionally, Bloomberg ETF analyst James Seyffart will host a panel discussion with BlackRock’s Head of Digital Assets Robbie Mitchnick and Nasdaq’s Head of U.S. Equities & Exchange-Traded Products Giang Bui, where they will delve into the evolving landscape of Bitcoin ETFs and institutional adoption.

The announcement of Trump’s participation follows remarks from Bo Hines, Executive Director on Digital Assets for President Trump, who spoke earlier this week at DAS. Hines reaffirmed the administration’s commitment to accumulating Bitcoin for the Strategic Bitcoin Reserve, stating:

“I think it’s high time that our President started accumulating assets for the American people, which is what President Trump is doing rather than taking it away.”

He also emphasized the administration’s approach to acquiring Bitcoin in budget-neutral ways, likening BTC accumulation to gold reserves:

“You know, I’ve been asked all the time, it’s like how much do you want? Well, that’s like asking a country how much gold do you want – as much as we can get.”

Trump’s executive order has already sparked legislative action aiming to build on this momentum. Senator Cynthia Lummis and Congressman Nick Begich have each proposed plans for the U.S. to acquire 1 million BTC over the next five years, ensuring a long-term reserve of the scarce asset. Earlier today at DAS, House Majority Whip and Congressman Tom Emmer stated that he believes this legislation will be enacted “before this congress is done.”

Crypto strategist Michaël van de Poppe says Bitcoin (BTC) may take off on a series of rallies if it can break through a key resistance level in the coming days.

The analyst tells his 782,000 followers on the social media platform X that Bitcoin needs to flip $84,500 into support this week in order to regain bullish momentum.

However, he warns if Bitcoin fails to break through $84,500, the flagship crypto asset may collapse in price.

“I really want to see some momentum on Bitcoin. If it doesn’t happen this week and we’ll break sub $82,000, likely we’ll see some new lows. Break $84,500 equals party time.”

Looking at his chart, the analyst says if Bitcoin fails to reclaim $84,500 as support this week, there are two likely outcomes.

“Two scenarios, as Bitcoin faces crucial resistance here:

• Reject and find a higher low [around $82,000].
• Reject and double-bottom retest [in the $70,000 range] before moving higher.”

Bitcoin is trading for $87,315 at time of writing, up 5.7% in the last 24 hours.

Next up, the analyst says that the decentralized oracle network Chainlink may be printing a double-bottom pattern against Bitcoin (LINK/BTC) on the weekly chart.

A double-bottom pattern is typically considered a bullish reversal pattern as buyers step in to create a price floor for an asset.

“LINK doing a double bottom test and back to the range low. Weekly firing up nicely. Things are heating up the right way.”

Based on the trader’s chart, he seems to predict that LINK/BTC will soar to as high as 0.000795 BTC worth $68.39.

LINK/BTC is trading for 0.0001719 BTC ($14.92) at time of writing, up nearly 2% in the last 24 hours.

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Generated Image: Midjourney

Bitcoin’s long-term holders have resumed accumulation in what is a notable shift in investor sentiment despite the turbulence that has gripped the market in recent weeks. Particularly, data from on-chain analytics platform Glassnode shows that the “BTC: Long-term holder net position change” metric has flipped positive for the first time this year. This suggests that long-term Bitcoin investors are capitalizing on market conditions to add significant amounts of BTC to their holdings.

Long-Term Holders Add 167,000 BTC Amid March Crash

Earlier this month, Bitcoin’s price plunged from above $90,000 to around $80,000 during a rapid sell-off​. This price stunned many traders and triggered a continuous wave of liquidations among short-term investors. Yet despite this steep correction, long-term holders treated the sub-$90,000 levels as a buying opportunity rather than a reason to capitulate. 

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In other words, coins are moving into wallets that haven’t spent their BTC in a long time, which is a notable reversal after starting 2025 with a negative net position change. This marks the first net accumulation by these “HODLers” in 2025. Glassnode’s Long-Term Holder Net Position Change metric, which had been in the red, flipped “green” as long-term investors aggressively accumulated through the downturn​.

On-chain data shows that this flip to green has seen long-term holders increase their net Bitcoin holdings by more than 167,000 BTC in the past month. This notable influx is valued at nearly $14 billion. In short, the cohort of seasoned holders began scooping up cheap BTC while short-term sentiment was at its bleakest.

Is A Bitcoin Price Recovery Brewing?

The timing of this flip from red selloff to green accumulation among long-term holders is striking, considering what the Bitcoin price went through in the past two weeks. This data suggests that a large part of the Bitcoin crash was caused by panic-selling among short-term holders. This behavior aligns with past market cycles between August and September 2024, where long-term holders accumulated aggressively during a price dip.

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Interestingly, Glassnode’s long-term holder metric isn’t the only one pointing to positive Bitcoin sentiment among large holders. After weeks of uncertainty, Bitcoin exchange-traded funds (ETFs) have started seeing net inflows again. On March 17, spot Bitcoin ETFs collectively drew in about $274.6 million, the largest single-day inflow in 28 days and a clear signal of renewed investor interest​.

The very next day brought another wave of fresh capital, with roughly $209 million pouring into Bitcoin funds on March 18​. In fact, this three-day streak represents the first sustained run of positive inflows since February 18, a period during which Bitcoin funds have experienced consecutive days of outflows.

At the time of writing, Bitcoin is trading at $83,500.

Featured image from Unsplash, chart from Tradingview.com