Xapo Bank Reveals Wealthy Clients Bought the Bitcoin Dip – BTC Set to Skyrocket to $100,000?

Xapo Bank, a leading institution based in Gibraltar, has reported a massive surge in Bitcoin trading volumes in the first quarter of 2025. A major percentage of its high-net-worth clients have ‘bought the dip’ after an abysmal performance from cryptocurrencies in Q1. The private bank and Bitcoin custodian revealed later that the Q1 Bitcoin trading volume jumped 14.2% compared to the last quarter of 2024. This surge is being linked to the sharp drop in the Bitcoin price. 

Bitcoin has had one of the worst Q1s in its history. Xapo Bank attributed this uptick to its affluent members’ unwavering belief in Bitcoin’s long-term value. “During the decline, our high net-worth members actively bought the dip, reflecting these members’ commitment to the long-term potential of Bitcoin,” the bank stated.

Bitcoin Price Dictates Shifting Deposit Patterns and Strategic Moves 

The surge in Bitcoin activity at Xapo coincided with a 50% quarter-on-quarter jump in euro deposits, as global investors grew wary of the US dollar’s future and the looming threat of a US recession. “This rapid increase in volume came amidst mounting concern about the future of US dollar primacy and the threat of a US recession as markets braced for Trump’s planned ‘Liberation Day’ in April,” Xapo Bank explained.

Elite Members Modify Stablecoin Strategies

Meanwhile, Xapo members shifted their stablecoin strategies: USDC deposits soared 19.8% while Tether (USDT) deposits fell 13.4%, a move linked to European exchanges delisting Tether to comply with new regulations. The bank also made headlines as the first licensed UK bank to offer interest-bearing Bitcoin and fiat accounts, and in March, it launched Bitcoin-backed USD loans up to $1 million.

‘Opportunity Lies in Bitcoin’s Long-Term Performance’, says Xapo official

Gadi Chait, Xapo Bank’s head of investment, summed up the sentiment: “Xapo Bank member data shows that despite short-term headwinds, the bigger picture for Bitcoin remains strong and current volatility does not diminish Bitcoin’s importance. While global events painted an erratic picture, the opportunity for Bitcoin has always been in its long-term performance, not its short-term volatility”. As high-net-worth individuals double down on Bitcoin, Xapo’s record volumes suggest the smart money is betting big on crypto’s future. Let us take a look at the latest Bitcoin price action and form a price prediction for today. 

Bitcoin Price Analysis: Bitcoin Still Around $85K

At the onset of yesterday, the Bitcoin price stood at $83,750. The coin got a head start, spiking upwards as the day began. Within the first hour, Bitcoin ascended to $85,100. However, the quick correction was observed as it fell to $84,100 by 2:00 UTC. Bitcoin spiked again, quite similarly to its first hour, facing resistance at $85,300. Once again, with the coin overbought, a downtrend occurred, taking Bitcoin to $84,460. The price fluctuated for another two hours before forming a trading range around 7:00 AM UTC. 

Chart 1: published on TradingView, April 15, 2025

The range lasted till noon, when the Bitcoin price broke out upwards, going to $85,200. Rapid action on the MACD followed, as Bitcoin plunged and then spiked to $85,750. The correction also came within 15 minutes, taking Bitcoin back down to $83,800. A death cross formed at 16:30, as Bitcoin ascended to $85,204. A trend reversal followed, and Bitcoin slipped to $84,300 for support. A golden cross formed at 00:15 UTC, instigating an uptrend, leading Bitcoin to ascend all morning to test the $85,900 resistance. 

Bitcoin Price Prediction: Can Bitcoin Ascend to $86K Today?

Bitcoin has been vying with the $85K mark for quite a while now. Even if Bitcoin goes past it, it is not able to sustain the upward movement. The last 24 hours have painted a similar picture, with Bitcoin struggling to touch $ 86 K. As of now, a death cross has already formed on the MACD. This means that Bitcoin is bound to face a reversal. However, if Bitcoin can resist the downtrend and form a trading range close to the resistance, the $86K mark is an achievable target today. 

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