Why Bitcoin’s Price Barely Moved After Trump’s New Strategic Reserve

On Thursday, President Donald Trump made waves by signing an executive order that officially established a national strategic reserve for Bitcoin and a national stockpile for other crypto assets like Solana, Cardano, and XRP, marking a significant moment for cryptocurrency in the United States.

Yet, despite the historic nature of this executive order, Bitcoin’s price has showed little sign of movement, leaving many in the financial world scratching their heads. Traders and analysts had seemingly anticipated this development, and the market’s response—or lack thereof—suggests that the excitement may have already been baked into the digital asset’s valuation.

The executive order positions the U.S. as a forward-thinking player in the cryptocurrency space, with the reserve set to be funded by assets seized in criminal or civil proceedings. However, the absence of any planned strategy from the government to actively purchase Bitcoin on the open market might explain why the announcement failed to spark a significant rally. At the time of reporting, Bitcoin was trading at $89,557.30, reflecting a tiny dip of 0.03% since the previous morning. Over the past week, though, the cryptocurrency has climbed a respectable 9.69%, showing that broader upward momentum remains intact even if this particular news didn’t ignite a surge.

Over the last 24 hours, Bitcoin’s price fluctuated between a low of $84,717.68 and a high of $91,430.24. Trading volume during that period jumped to $58.39 billion, a notable increase of 25.36%, signaling that market activity is heating up even if the price itself remains steady. Meanwhile, Bitcoin’s market cap sits at $1.77 trillion, down just 0.03% from yesterday, while its dominance over the broader cryptocurrency market has ticked up slightly to 61.52%.

This stability suggests that Bitcoin continues to hold its ground as the leading digital asset, undeterred by the lack of an immediate boost from Trump’s policy move.

Digging Into the Market’s Response

Beyond the headline numbers, other indicators offer a glimpse into how traders are navigating this moment. Total Bitcoin futures open interest has slipped by 1.10% to $50.10 billion over the past day, hinting at a pullback in leveraged positions.

Liquidations, however, tell a more dramatic story, with $257.49 million wiped out in the last 24 hours. Of that total, long positions bore the brunt, accounting for $173.31 million, compared to $84.18 million for shorts.

This imbalance suggests that some bullish traders were caught off guard by the market’s failure to rally, perhaps overestimating the immediate impact of the strategic reserve announcement.

The muted reaction could also reflect a broader wait-and-see approach among investors. While the creation of a national Bitcoin reserve signals a strong vote of confidence in the asset’s long-term value, the lack of concrete plans for government buying may have tempered expectations.

For now, the market appears content to digest this development without triggering wild swings. Bitcoin’s price resilience, coupled with rising trading volume, points to a maturing asset class that’s less prone to knee-jerk reactions than it once was.