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▲ Bitcoin (BTC) ©CoinReaders
As spot exchange-traded funds (ETFs) sucked in an astronomical $2 billion in institutional funds in just 8 days, coupled with the ruthless coin accumulation by giant corporations, Bitcoin (BTC) has entered a countdown to break through the massive psychological resistance wall of $80,000.
According to the investment media TradingNews on April 24 (local time), the spot Bitcoin fund market has recorded net inflows for 8 consecutive trading days, surpassing a total of $2 billion, showing the best capital accumulation rally of 2026. Among these, BlackRock's product swept $1.4 billion, dominating 73% of the total inflows. This fund currently holds 809,870 Bitcoins, controlling 62% of the total spot fund assets, establishing itself as a major investment vehicle boasting a market capitalization of $5.3 billion.
Not to be outdone by the institutions' formidable appetite, the giant corporation Strategy also embarked on a large-scale shopping spree. Strategy invested $2.54 billion to instantly acquire 34,164 Bitcoins, increasing its total holdings to 815,061. This influx of significant smart money instilled strong confidence in investors that the recent price decline was not the start of a bear market but a perfect opportunity to buy at the bottom, driving Bitcoin's market dominance above 60%.
Conversely, as funds concentrated in Bitcoin, the altcoin market experienced a relative sense of deprivation. The positive trend for Ethereum (ETH) spot ETFs, which had continued for 10 consecutive days, broke, turning into an outflow of $75.9 million. XRP (Ripple), targeting the global payment market, is also struggling around $1.45, watching the leading cryptocurrency's solo run.
Currently, Bitcoin, engaged in a fierce trading battle around the $77,638 mark, is also riding on macroeconomic tailwinds. News of President Donald Trump's extension of the Iran truce and the increasing likelihood of market-friendly Kevin Warsh as the next Federal Reserve chairman are injecting positive sentiment into the broader risk asset market. However, there is also considerable caution that if the thick resistance level of $80,000 cannot be broken through at once, it could once again fall into a deep consolidation swamp.
Experts analyzed that only if Bitcoin decisively breaks through $80,000 on a daily closing basis will the path open up for an ascent to the 200-day moving average located at $85,000. The media advised that in overheated periods like the present, it is wise to refrain from aggressive chase buying and instead use tactical staggered buying, calmly accumulating assets in the spot market within the support range of $74,000 to $76,000 for Bitcoin.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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