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Bitcoin value shrank by 12% in the first quarter of 2025, the worst Q1 performance in the past seven years

first quarter of 2025 was the worst quarter for Bitcoin performance in seven years. Despite the large increase in holdings by entities such as Strategy, Tether, and Metaplanet, the market value of Bitcoin still shrank by at least 12% from January to March.

CryptoQuant analysis believes that the market downturn may be related to selling activities by long-term holders and outflows of ETF funds. In the first quarter, the amount of BTC held by long-term holders decreased by about 178,000 BTC, offsetting the bullish momentum brought by the increase in holdings by corporate entities. Bitcoin ETFs withdrew at least $4.8 billion in funds in the first quarter, and whether BTC will end the second quarter on a positive note remains to be seen.

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