Bitcoin ETF Inflows Surge Following a 0.82% Increase on Friday and Closing at $94,736, Bitcoin (BTC) Slid 0.04% on Saturday, April 26. Although the slight decline marks the end of a seven-day winning streak, the market mood remains intense.
Trade hope continues to support riskier assets, including Bitcoin. Early in the week, President Trump’s softer approach toward China spurred a movement, with a notable 6.7% increase on April 22, when he promised to be “very nice to China.” Even with minor weekend losses, this more positive tone has helped Bitcoin continue moving forward.
BTC-Spot ETFs See Record Inflows
Particularly in the BTC-spot ETF market, investor trust is still very high. Farside Investors estimates that during the week ending April 25, total net inflows for BTC-spot ETFS reached $3,033 million, the most considerable amount since ETF trading began in January 2024.
With $ 1.4457 billion in net inflows, the iShares Bitcoin Trust (IBIT) topped among individual funds, its highest weekly haul since December 2023. With $621.1 million ARK 21 Shares Bitcoin ETF (ARKB) and $573.8 million added by Fidelity Wise Origin Bitcoin Fund (FBTC), nine out of eleven BTC-spot ETF issuers shockingly showed net inflows over the week, indicating general institutional interest.
Commenting on the spike, analytics firm Santiment said that “Bitcoin’s recovery to $95.8K has coincided with the strongest week of ETF inflows since mid-January, with institutional giants like BlackRock driving a much-anticipated crypto market rebound.”
BlackRock’s IBIT, which debuted on January 11, 2024, has generated $41.2 billion in net inflows, thereby offsetting the $22.6 billion outflow from Grayscale’s GBTC. With net inflows of $11.865 billion, Facebook Technologies comes in second.
Factors Impacting Bitcoin’s Price
Several key factors will impact the near-term price trend of Bitcoin. Global trade concerns, especially any escalation between the US and China, could reduce investor appetite for risk, therefore affecting the price of Bitcoin. Macroeconomic data, especially on the US labour market and inflation, will be crucial in shaping expectations about Federal Reserve rate cuts, which would, in turn, influence demand for cryptocurrencies.
Legislative events, particularly the potential passage of the Bitcoin Act, could significantly alter the dynamics of supply and demand for Bitcoin. Moreover, continuous patterns in BTC ETF inflows remain a vital indicator of the general market mood and will likely affect price movement in the next few weeks.
Bitcoin Key Levels and Risks
Should trade tensions relax, economic data support Fed rate cuts; the Bitcoin Act moves through Congress; and ETF inflows keep their momentum, Bitcoin may clear its April 25 high of $95,661. With an all-time high of $109,312, the next main goal, a significant advance beyond that level, would prepare the ground for a drive towards the critical psychological barrier of $100,000.
Conversely, a Bitcoin retreat may result from legislative delays, a more hawkish Fed posture, a resurgence in US-China trade tensions, or a reversal in ETF flow patterns. A decline below the $90,742 support level may cause BTC to undergo a more severe correction, potentially spanning the 50-day exponential moving average (EMA) and reaching its lowest point of $86,263.
BTC Bullish, ETH Struggles
Currently trading above both its 50-day and 200-day Exponential Moving Averages (EMAS), Bitcoin (BTC) is confirming the general optimistic momentum. To release a consistent movement to $100,000, nevertheless, a clean break over $95,866 would be required. On the downside, failing to retain $90,742 would allow the bears a chance to test lower support levels.
Turning now to Ethereum (ETH), price action still shows less strength by comparison. With weekly net inflows of $157.1 million, the ETH-spot ETF market exhibits positive trends; however, ETH still trades below both its 50-day and 200-day EMAS, indicating a continued bearish bias. Ethereum would be positioned to retest the $2,000 level with a break over the 50-day EMA; a move above that might expose the $2,300 resistance. On the other hand, if ETH declines below $1,750, side pressure may become stronger and perhaps pull prices toward the April 22 low of $1,538.
Final Thoughts
Although Bitcoin’s path to $100,000 is still within reach, it will not be without challenges, including geopolitical concerns, unclear monetary policy, and a changing legal environment. Still, robust institutional demand, encouraging macroeconomic trends, and a legislative innovation like the Bitcoin Act, which marks a radical change, continue to generate tailwinds for Bitcoin.
