Bitcoin Wednesday Amsterdam #155

Bitcoin Wednesday Edition #155

For tomorrow's Bitcoin Wednesday we return to Vondelpark's Vondelfontein

What a difference a month makes. The picture is dramatically different from April. Bitcoin has recovered strongly, trading just above $80,000 as of 5 May.

The US-Iran ceasefire has effectively collapsed, and Brent oil has surged above $114. But Bitcoin prices are up 17% in a month during all of this.

Bitcoin is now 36% below the all-time-high price and up 17% over the last month, during a war. Bitcoin hasn't flinched.

April spot Bitcoin ETF inflows reached $2.44 billion, the strongest monthly figure since last October.

Morgan Stanley's new Bitcoin Trust ETF attracted net positive $163 million in inflows in its first weeks.

Quantum resistance for Bitcoin has become a dominant technical debate. Three new independent proposals have been circulating in this past week. The conversations signal that the developer community is focusing on "how do we"on post-quantum migration.

47% Below ATH. Halving Cycle Peaked.
April Fool's? The Market Isn't Laughing,

Bitcoin hit $126,000 in October 2025 -- its cycle peak, right on the post-halving schedule. As of 30 March, it is at $67,500, down almost 47%.

A month into the Iran war, oil is above $112 and the Fed is frozen. Gold just posted its longest losing streak since 1920 -- 10 consecutive days down -- a 106-year record -- precisely because oil-driven inflation is killing rate-cut hopes, and gold pays no interest. Bitcoin, unburdened by that dynamic, held its footing through the same period. Gold and Bitcoin now carry a negative correlation of -0.31 -- they have been actively moving in opposite directions.

This is either one of the most interesting macro setups of the year, or one of the most dangerous. Come debate it with us in the Vondelpark just as Amsterdam's tulips are breaking ground.