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BitcoinSistemi 2025-05-16 15:25:07

Institutional Interest in Bitcoin Increased in April! Here's What Analysts Expect Next!

Bitcoin continues to trade comfortably above the $100,000 level, supported by ongoing institutional demand and a resilient “buy the dip” mentality among investors, according to blockchain analytics firm Glassnode. Bitcoin Holds Above $100K as Institutional Inflows Continue Momentum, Analysts Say In its latest weekly report, Glassnode attributed Bitcoin’s steady climb from the April low of $75,000 to the recent high of $104,000 to institutional flows and a strong accumulation phase, particularly following the surge in demand for spot Bitcoin ETFs. Between mid- and late April, daily net inflows into U.S.-listed spot Bitcoin exchange-traded funds (ETFs) averaged $389 million, with a single-day peak of $933 million on April 22, the highest since January 17. While ETF flows have since slowed to around $58 million per day, analysts noted continued institutional interest. “ETF inflows have since calmed down, but flows suggest institutional interest in Bitcoin remains relatively strong,” Glassnode wrote. Glassnode noted that Short-Term Holders (STHs) have been heavily accumulating BTC between $93,000 and $95,000 over the last 155 days. The recent price rally has pushed the STH Supply to P/E ratio to 9.0, meaning 90% of these holders are now in the money. This wave of unrealized gains likely contributed to some profit-taking activity that analysts say cooled the rally and contributed to Bitcoin’s current consolidation between $102,000 and $103,700. “The $93,000 to $95,000 range could serve as a strong support level in the event of a short-term market pullback,” Glassnode said. Valentin Fournier, chief research analyst at BRN, warned that while technical indicators are not flashing red, there are signs of a “slight sell signal” as the weekend approaches. “The market appears overbought, but there are no strong reversal signals. Since corporate activity typically declines over the weekend, the risk of a slide to the downside is increasing,” Fournier said in an email Friday. Despite potential near-term headwinds, analysts maintain a cautiously optimistic outlook for Bitcoin, supported by strong institutional flows and solid technical support levels below current prices. *This is not investment advice. Continue Reading: Institutional Interest in Bitcoin Increased in April! Here's What Analysts Expect Next!

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