As of March 9, 2025, Bitcoin is trading at approximately $82,277.68, reflecting a 0.75% decrease over the past 24 hours. Ethereum is priced around $1,861, down 3.13% in the same period. Crypto markets face major shifts as technical moves and political decisions drive new strategies.
On March 7, 2025, at 3:10 AM UTC, President Donald Trump signed an executive order that creates a Strategic Bitcoin Reserve and a Digital Asset Stockpile. Bitcoin is trading at $82,277.68 USD down $619.05 (0.75%) today on March 11, 2025. Despite this price decline recently, optimism is quietly building in the market. Traders have significantly increased bets on Bitcoin call options targeting strikes at $100,000 and $120,000. This concentration of bullish bets far above the current price indicates expectations for a major upward move.
Large investors or whales have steadily accumulated Bitcoin even amid recent price drops. This article explores Bitcoin’s current price dynamics options market sentiment whale activity institutional developments and regulatory trends shaping the market.
Crypto Fear & Greed Index | Source: Alternative.me
The Fear and Greed Index has increased to 34, indicating a fearful market sentiment. Bitcoin has remained below the $100,000 mark, experiencing limited whale accumulation and low volatility.
What’s Trending in the Crypto Community?
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Strategy’s Michael Saylor: Hinted at upcoming Bitcoin-related news with a post titled "Something Big is Coming.”
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Solana: The SIMD-228 upgrade proposal passed, potentially reducing SOL inflation by 80%.
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Circle: Reduced USDC cross-chain settlement times to seconds through a protocol update.
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Mingcheng Group: Its Hong Kong subsidiary, Lead Benefit, purchased an additional 333 BTC for $27 million.
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Despite the poor market performance of Bitcoin these few days, Bitcoin whales have begin accumulating again
Trending Tokens of the Day
Bullish Bitcoin Options Traders Bet on Rally to $120,000
Source: Coinglass
Bitcoin currently trades at $82,277.68 USD reflecting a daily decline of $619.05 (0.75%) as of March 11, 2025. Despite today's price drop, traders remain bullish. The open interest on Bitcoin call options bets on price increases has sharply risen. Notably, these options concentrate heavily at strike prices of $100,000 and $120,000 well above current market levels.
Furthermore, the distribution of put options bets on price declines is concentrated at lower price points around $80,000. The current "max pain" point sits around $85,000. This critical price indicates the level where most option contracts expire worthless potentially influencing upcoming volatility.
Whales Accumulate 65,000 BTC Despite Price Declines
Even amid market declines Bitcoin whales continue to accumulate coins. According to CryptoQuant analyst Caueconomy, whale wallets excluding miners and exchanges increased their holdings by more than 65,000 BTC over the past 30 days. This continuous accumulation pattern resembles previous sustained buying phases observed from November to December 2024.
Sustained whale accumulation typically signals long-term bullish confidence. Caueconomy, however, cautions clearly: “this does not imply an immediate price rebound as liquidity and macroeconomic factors continue influencing market behavior.”
Coinbase Premium Suggests Continued Institutional Demand
Source: Coinglass
Institutional demand also appears strong. The Coinbase premium, a key indicator measuring Bitcoin’s price difference between Coinbase and other exchanges, has formed higher lows despite BTC’s price trending downward. CryptoQuant analyst Avocado_Onchain noted the Coinbase premium pattern indicates institutional buying activity persists.
The divergence between Bitcoin’s declining price and rising Coinbase premium suggests large investors maintain interest at these lower price levels. However market uncertainty remains elevated making short-term price predictions challenging.
US Senator Cynthia Lummis Introduces Legislation to Purchase 1 Million Bitcoin
Source: Senate
In a significant regulatory development, Senator Cynthia Lummis reintroduced the BITCOIN Act on March 11, 2025. The proposed law aims to authorize the US government to purchase up to 1 million Bitcoin currently valued around $80 billion. The act aligns closely with President Donald Trump's executive order establishing a federal Bitcoin reserve.
Moreover, the BITCOIN Act would require gradual Bitcoin acquisitions over five years managed by the US Treasury Department. Senator Lummis emphasized the strategic importance clearly stating: “By codifying this effort into law we can ensure our nation leverages digital assets to strengthen our financial future while maintaining global leadership.”
Congressman Nick Begich introduced a companion bill in the House demonstrating increasing bipartisan support for Bitcoin at the federal level.
According to Lummis:
“Bitcoin is transforming not only our country but the world. Becoming the first developed nation to use Bitcoin as a savings technology secures our position as a global leader in financial innovation. This is our Louisiana Purchase moment that will help us reach the next financial frontier.”
Bitwise Launches OWNB ETF Tracking Companies Holding Bitcoin
Source: Bitwise
Institutional investors also received a new product offering exposure to Bitcoin through corporate treasury holdings. On March 11, 2025, Bitwise Asset Management launched the Bitwise Bitcoin Standard Corporations ETF (OWNB). This ETF tracks companies holding at least 1,000 BTC as reserve assets.
Bitwise CIO Matt Hougan explained the strategic reasoning clearly stating: “Companies perceive Bitcoin as a strategic reserve asset that’s liquid and scarce not subject to money printing of any government. We think companies are only getting started.”
Strategy (formerly MicroStrategy) currently has the largest ETF allocation at 20.87%. Other major ETF holdings include MARA Holdings (12.12%) CleanSpark (6.26%) Riot Platforms (6.23%) and several international companies like Boyaa Interactive (5.75%) and Metaplanet (5.25%).
Tether CEO Says USDT Preserves Dollar Dominance Before Bitcoin Takes Over
Tether CEO Paolo Ardoino at the Bitcoin Policy Institute Conference. Source: X
Moreover, Tether CEO Paolo Ardoino recently discussed the strategic role USDT plays supporting US dollar dominance in developing regions. Speaking at the Bitcoin Policy Institute on March 11, 2025 Ardoino highlighted the importance of USDT in regions lacking access to traditional banking. Tether now serves over 400 million global users adding 35 million new wallets each quarter.
Furthermore, Ardoino emphasized concerns about BRICS nations actively accumulating gold. BRICS nations now hold over 20% of global gold reserves led by Russia (2,340 tonnes) and China (2,260 tonnes). Ardoino predicts a possible "Deepseek moment" from BRICS introducing a gold-backed currency.
However Ardoino also sees Bitcoin ultimately replacing the dollar clearly stating: “I don’t believe there is a future for USDT long term. Eventually all national currencies will collapse experiencing hyperinflation. At that point the world will only use Bitcoin.”
Read more: Trump Orders Creation of U.S. Sovereign Wealth Fund: Could Bitcoin Play a Role?
Conclusion
Bitcoin’s price at $82,277.68 USD on March 11, 2025 reflects short-term volatility but underlying market confidence appears strong. Rising call options concentrated around $100,000 to $120,000 sustained whale accumulation and continued institutional buying through Coinbase indicate significant bullish sentiment. Furthermore, major regulatory proposals such as the US BITCOIN Act and institutional innovations like Bitwise’s OWNB ETF strengthen Bitcoin’s long-term fundamentals. Investors should closely monitor these trends amid near-term uncertainty as Bitcoin’s next decisive move unfolds.
