Bitcoin spot ETFs had seen huge outflows in the early days of April with most institutions moving money into safer assets for the time being given the economic & global uncertainty.
April has been quite busy for the crypto markets. Bitcoin bounced back over 28% from its lows, currently trading at $94,800, outperforming the US equities & Gold last month. Bitcoin’s momentum is set to continue. With Bitcoin back on the bullish trajectory, let's take a look at all the factors that contributed to the recovery & helped BTC touch the $100,000 mark.
The Return Of Institutional Demand
Bitcoin spot ETFs had seen huge outflows in the early days of April, with most institutions moving money into safer assets for the time being, given the economic and global uncertainty. However, the 90-day pause of import tariffs by Trump triggered a major trend reversal in the markets. Since then, institutions have slowly re-entered the markets, heavily contributing to Bitcoin’s price movement. Currently, the Bitcoin spot ETFs stand at net positive inflows of $3.20 billion, showing a strong shift in institutional demand. Similarly, corporate buying has also increased significantly, with Strategy (MicroStrategy) resuming its Bitcoin acquisition. In April, Strategy acquired 25,370 Bitcoins worth over $2.2 billion, adding to the increased demand.
Additionally, Glassnode data reveals that Bitcoin Whales, holding at least 1,000 BTC to 10,000 BTC, have increased 124,000 to 137,600 over the last 30 days, accumulating 53,600 BTC, now controlling 67.77% of Bitcoin in circulation. By taking a significant amount of BTC out of circulation, whales have reduced selling pressure, playing a major role in pushing prices higher.#Write2Earn
