- U.S. spot Bitcoin ETFs extended their positive momentum, recording approximately $1.9 billion in net inflows over a seven-day streak ending April 24.
- BlackRock’s IBIT continues to lead institutional demand, contributing significantly to the recent recovery from earlier yearly outflows.
- On-chain data reveals short-term holders are actively taking profits as Bitcoin approaches psychological resistance at $80,000.
Institutional appetite for Bitcoin exchange-traded funds has surged in the latter half of April, with U.S.-listed products logging roughly $1.9 billion in net inflows over the last seven trading days. This streak represents a significant reversal from the multi-month outflow trend observed between November 2025 and early 2026, signaling a resurgence of institutional conviction as the market attempts to reclaim historic highs.
According to data from SoSoValue, the recent momentum was headlined by BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC, which have consistently absorbed the lion’s share of capital. This inflow cycle has pushed Bitcoin’s price toward the $80,000 mark, a level that analysts at The Block and Cointelegraph identify as a critical battleground for current market structure. The recovery is also bolstered by corporate treasury activity, notably from Japan’s Metaplanet, which recently raised $50 million to expand its BTC holdings.
However, the rapid price appreciation has triggered a shift in on-chain behavior. Data from Glassnode indicates that short-term holders (STHs)—those who purchased Bitcoin within the last one to three months—have entered a high-intensity profit-taking phase. Realized profits for this cohort have spiked to approximately $4.4 million per hour, nearly triple the baseline levels seen during previous local peaks this year.
“The ETF inflows represent a resurgence of institutional demand, signaling that investors are aggressively reallocating capital after a period of caution,” noted one industry analyst. “However, the market is now testing the short-term holder cost basis near $80,100, which is acting as a mechanical ceiling as underwater investors from earlier in the year finally reach break-even or modest profit territory.”
While the spot ETF demand provides a structural tailwind, the concentration of profitable short-term supply—currently exceeding 54%—historically correlates with increased distribution pressure. Traders are now watching to see if institutional buy-side liquidity can absorb the selling pressure from retail and short-term whales to sustain a breakout above the $80,000 resistance zone.
Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.
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