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Bitcoin Surges 10% as Whales Accumulate and ETFs See $1.8B Inflows

Coin WorldThursday, Apr 24, 2025 7:28 am ET

2min read

Bitcoin’s recent rally has been significantly bolstered by substantial whale accumulation and a notable influx of $1.8 billion into exchange-traded funds (ETFs), indicating a robust bullish momentum in the market. Large investors, holding over 10,000 BTC, have exhibited a near-perfect accumulation score of 0.9, reflecting strong optimism and confidence in the cryptocurrency’s future performance. This accumulation suggests that these investors anticipate continued bullish momentum and are strategically positioning themselves for further gains.

In addition to the whales, investors holding between 1,000 and 10,000 BTC are also actively participating in the market, with an accumulation score of 0.7. This indicates that smaller but still significant players are following the lead of the whales, contributing to the overall positive sentiment surrounding Bitcoin. The confidence displayed by these large investors implies that the demand for Bitcoin is likely to continue rising, potentially driving prices higher.

The macro momentum for Bitcoin is increasingly favorable, particularly due to recent spot ETF flows. Over the last two days, Bitcoin has seen $1.8 billion worth of inflows. On April 22, $912 million flowed into Bitcoin ETFs, followed by $917 million on April 23, marking the highest single-day inflows in over five months. These substantial inflows are a clear indication of rising demand and reflect investor confidence in Bitcoin’s long-term potential. The massive inflows from both institutional and retail investors signal a broader shift in Bitcoin’s market sentiment, as the demand for Bitcoin ETFs grows, so too does the potential for Bitcoin’s price to rise. The increasing investment in Bitcoin ETFs is creating a positive feedback loop, likely driving the price higher in the near term.

Currently, Bitcoin is trading at $92,347, just under the $93,625 resistance level. Despite recent attempts, Bitcoin has not yet breached this key level. However, with the recent breakout and favorable market conditions, Bitcoin is on track to break through this resistance in the near future. The cryptocurrency validated a double-bottom pattern earlier this week, surging by 10% in just two days. This breakout reinforces the bullish outlook, and the combination of whale accumulation and ETF inflows could help Bitcoin breach the $93,625 resistance. A successful breakout could push Bitcoin toward the $95,000 range and potentially the $95,761 resistance. However, if Bitcoin fails to maintain its upward momentum and falls below the $89,800 support, it could trigger a bearish reversal, potentially sending Bitcoin’s price down to $86,822, erasing recent gains.

In summary, Bitcoin’s current rally is underpinned by significant whale accumulation and unprecedented ETF inflows, positioning the cryptocurrency for potential new highs. Traders should closely monitor key resistance levels to gauge future price movements. A successful breach above $93,625 could very well set the stage for Bitcoin’s ascent toward $95,000 and beyond.

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