It all started with a steady trickle, but by midweek, the inflow torrent was impossible to ignore. BlackRock’s iShares Bitcoin Trust (IBIT) led the charge, hauling in nearly $1 billion in a single day, while the overall ETF cohort notched five consecutive days of inflows-something not seen in over a month. Analyst Eric Balchunas captured the mood perfectly, declaring ETFs were on a “Bitcoin bender” and marveling at how quickly sentiment flipped from caution to exuberance.
As billions poured in, Bitcoin’s price stabilized above the $94,000 mark, briefly flirting with $95,000 and sending bullish signals across the market. The correlation between Bitcoin and traditional equities weakened, hinting at a new era where Bitcoin is seen less as a risk asset and more as a unique store of value.
But the suspense isn’t over. While the inflows have fueled optimism, some funds like ARKB and FBTC saw outflows, suggesting that not all investors are on the same page and volatility could still be lurking around the corner. Meanwhile, institutional giants like MicroStrategy doubled down, snapping up thousands of coins and reinforcing the sense that the big players are far from finished.
With April closing on a high note and price targets being revised ever upward, all eyes are now on whether this momentum can push Bitcoin to fresh all-time highs-or if another twist awaits in this high-stakes crypto drama.
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