Bitcoin ETF Inflows Amass $250M, Analyst Eyes BTC Price Rally To $88K

Key Insights:

• Spot Bitcoin ETF recorded a phenomenal inflow of $250 million inflows on this week.
• Analysts expect the BTC price to gain momentum in the short-term.
• The Bitcoin price target stands at $88,000 for May 2026.

The U.S. spot Bitcoin ETF has started the week well. Data shows that the funds received a net inflow of $250 million in the current week. The influx indicates the revived institutional appetite with the shift in market mood toward risk assets.

Bitcoin ETF Inflows Continue To Surge

According to the Farside Investors, the inflows were topped by BlackRock’s iShares Bitcoin Trust (IBIT) with inflows of $256 million on Monday, April 20. It balanced notable outflows from Grayscale Bitcoin Trust (GBTC), shedding off $24.9 million.

Fidelity Wise Origin Bitcoin Fund (FBTC) also reported a small outflow of $6.6 million. On the other hand, Valkyrie Bitcoin Fund (BRRR) contributed $5.8 million, and Morgan Stanley Bitcoin Trust ETF (MSBT) drew in $8.1 million. However, several other funds like Bitwise’s BITB and Ark Invest’s ARKB stayed flat.

In addition, on Tuesday, April 21, IBIT registered inflows of $39.3 million while the Morgan Stanley BTC ETF raked in $10.8 million. However, it was offset by over $55 million in outflows from various funds.

Nonetheless, Grayscale’s Mini Bitcoin Trust saved the day with a $17.3 million influx. Together, Monday’s $238.4 million and Tuesday’s $11.8 million flows contributed to total inflows of over $250 million this week.

Earlier, last week, these Bitcoin ETFs saw nearly $1 billion in inflows. The crypto ETF inflow trend is against a backdrop of a rising macro environment and declining interest in the conventional safe-haven assets like gold. Experts attribute these factors to encouraging capital flow into the crypto markets.

Analyst Stays Bullish On Bitcoin Price

Popular analyst Michaël van de Poppe spotlighted the potential for a BTC price upsurge as crypto funds gain traction. He said, “I don’t see a reason why markets shouldn’t go higher.”

He referred to a typical pullback and subsequent rebound over the weekend. Poppe added that “the risk-off weekend correction is quite normal for Bitcoin.”

In addition, Poppe pointed out that the beginning of the week has demonstrated revitalization. “It’s a Monday, nothing bad has happened, so the risk-on appetite comes back,” he said.

The analyst pointed out that Bitcoin has given a “great bounce upwards” and a distinct uptrend is developing on shorter timeframes.

He also linked the billion-dollar inflows of Bitcoin ETFs of last week to macro indicators. He explained that “VIX down, gold volatility down = likely more inflow in $BTC ETF.”

Moreover, Poppe indicated that the reduction of uncertainty in the traditional markets is also supporting the ongoing institutional interest in Bitcoin exposure.

Technical Levels For BTC Price

The chart by Poppe points to the most important technical levels that define the Bitcoin price’s direction in the near future.

The structure indicates that BTC is regaining after a sharp correction and slowly developing higher lows. It is a sign of consolidating the bullish momentum.

Bitcoin (BTC) Price Chart Analysis | Source: TradingView

A “critical zone to hold” sits around the area of $71,000, which is considered the support base. As long as this level holds, then the bullish formation for the BTC price will continue.

On the positive side, Bitcoin is heading toward a resistance zone of about $85,000-$88,000. The chart marks this zone as the next major barrier with a potential 16% upside of the current positions, assuming that the BTC price breaks through.

The analysis also points out the levels of intermediate resistance of about $76,000 and $80,000 at which the asset is undergoing tests.

Poppe highlighted that an attempt to break out is already being launched. “It’s clearly attacking the highs and looking to break through the crucial resistance zone,” he noted.

He believes that there will be additional gains in the coming weeks if momentum persists and macro conditions are stable.

The analyst still believes in the potential of the Bitcoin price in the short-term. “I think that $85-88K is likely in May, if there’s no change in geopolitical sense,” he said.

However, external risks remain as key variables that may interfere with the rally, with the US-Iran conflict taking the center stage.

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