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Bitcoin’s Holiday Price Rebound Signals Return of Institutional Confidence, Says QCP Capital
Apr 21, 2025, 13:43 GMT+22 min read
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Bitcoin’s recent surge past $87,000 may mark more than a typical holiday rally, according to a new report from Singapore-based crypto trading firm QCP Capital.
Analysts at the firm say the move reflects growing signs of renewed institutional interest, with spot Bitcoin ETFs flipping back to net inflows after a week of significant outflows.QCP Reports $13.4M in Net Inflows to U.S. Spot Bitcoin ETFs Last Week
In a , QCP analysts noted that last week saw net inflows of $13.4 million into U.S.-listed spot Bitcoin ETFs.
This marked a reversal from the previous week’s $708 million in outflows, a shift that coincided with Bitcoin’s sharp rally during the Easter holiday period.
“While crypto markets are used to low-liquidity weekend rallies, this one was different,” the analysts wrote.
“BTC clawed back much of the recent selloff triggered by Trump’s ‘Liberation Day’ comments, and the move stood in stark contrast to the subdued Santa Rally seen in December.”
The analysts believe this surge—paired with inflows into ETFs—could point to a return of institutional safe-haven demand for Bitcoin, especially as traditional markets falter.
They noted that gold has hit record highs while equities have pulled back, suggesting a risk-off sentiment is taking hold across financial markets.
Despite the optimism, QCP cautioned that Bitcoin must break through the $88,800 resistance level before confirming a sustained bullish trend.
“We remain cautious about drawing firm conclusions until BTC can establish itself above that key level,” the report stated.
Most of last week’s ETF inflows went to BlackRock’s iShares Bitcoin Trust (IBIT), which attracted $186.5 million, followed by Bitwise’s BITB with $23.8 million, according to Farside data.
Smaller contributions came from ETFs like Grayscale’s mini BTC Trust, VanEck’s HODL,
