Bitcoin (BTC) has strengthened again, breaking the $95 thousand level after Bitcoin ETFs recorded the largest inflow since December.
Based on data from SoSoValue, 12 Bitcoin ETFs traded on the exchange managed to attract over $3 billion throughout the past week.
This surge reflects increasing investor confidence and the mainstream adoption of Bitcoin, alongside news that President Donald Trump's tariff negotiations are nearing resolution.
Bitcoin ETFs, which track the price of Bitcoin, are often seen as a barometer of market sentiment towards cryptocurrency.
The large influx of funds indicates optimism regarding the future of Bitcoin amid geopolitical uncertainty.
The strengthening of Bitcoin is also accompanied by a reversal of the previous downward trend, where the price of BTC briefly touched $75 thousand on April 7.
In the past seven days, Bitcoin has surged 8% and reached $95,500, the highest level since February.
The crypto market as a whole is also showing recovery: Ethereum is up 11%, XRP is up 9%, and Solana is up 8%.
Previously, Trump's announcement of new tariff policies at the beginning of the month triggered market chaos and led to massive sell-offs in the stock and crypto markets.
However, the market began to stabilize after Trump announced a suspension of most tariffs for 90 days, except for China.
Since the announcement of the tariff pause, Bitcoin has strengthened by about 14%, reinforcing its status as a safe-haven asset amid uncertainty.
Macroeconomic Data Agenda for This Week
This week, the market is also anticipating several important macroeconomic data releases:
April 29: The Job Openings and Labor Turnover Survey (JOLTS) report will be released, which could provide insight into the impact of the trade war on the US labor market.
April 30: The Core PCE (Personal Consumption Expenditures) projection will be published, providing indications of significant changes in the US inflation rate.
May 1: ISM Manufacturing PMI data will be released. This report could show business fears due to the tariff war, which could negatively impact the market if it indicates further decline.
May 2: Employment report will be published. Given the market volatility due to recent tariffs, there is potential for the data to show a 'big pause' in economic growth.
Since Trump took office, US inflation has continued to decline. Based on TradingEconomics data, inflation has eased from a peak of 9.1% in 2022 to 2.4% in March 2025.
Trump claims victory in controlling inflation, but continues to push for the implementation of tariffs, a move that economists say could rekindle price pressures.
In response, Trump has increasingly called for interest rate cuts in recent months.
Nevertheless, CME FedWatch data shows a 90.1% probability that the Federal Reserve will maintain interest rates at the next FOMC meeting on May 7.
On-Chain Data Supports Signals of Bitcoin Strength Breaking High Levels
On-chain data increasingly reinforces the implication of a potential massive price spike for the number one crypto asset, Bitcoin.
According to CryptoQuant data, investors withdrew more than $4 billion in Bitcoin from trading platforms since Trump's latest call for interest rate cuts.
As a result, the total Bitcoin reserves on exchanges decreased from $237.8 billion on April 22 to $233.8 billion currently.
This phenomenon indicates that many investors choose to secure their Bitcoin in personal wallets, reducing selling pressure in the market.
With the supply of Bitcoin continuing to shrink on exchanges and demand remaining high, the prospect of Bitcoin reaching the psychological level of $100,000 is still open.
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