CME Bitcoin Futures open interest falls for four straight days, according to CME data.
BlackRock’s iShares Bitcoin Trust (IBIT) just posted one of its biggest days since launch, pulling in nearly $1 billion in a single day. The $970 million inflow on Monday marks a powerful comeback in investor interest, particularly among institutions looking to add Bitcoin to their portfolios. Nearly *$1bil* into iShares Bitcoin ETF today…2nd largest inflow …
Spot bitcoin ETFs in the U.S. recorded their seventh consecutive day of inflows on Monday, coinciding with a steady BTC price.
"Hard to be bearish, in our view, on this asset with the current demand-supply dynamics," the Bernstein analysts said.
Digital assets are becoming an emerging safe haven amid concerns over the impact of U.S. tariffs, Head of Research James Butterfill said.
Spot bitcoin ETFs had their second-best week of all time, as rising crypto prices led to strong inflows to both BTC and ETH funds.
Asset management giant BlackRock made major moves today, purchasing $240 million worth of Bitcoin and an additional $54 million in Ethereum. These large-scale acquisitions signal BlackRock’s growing confidence in the long-term value of digital assets. With institutional demand heating up, the company’s aggressive buying spree adds weight to the ongoing crypto market rally. BlackRock’s latest …
As Bitcoin (BTC) edges closer to the psychologically significant $100,000 milestone, several technical and on-chain indicators suggest that a major breakout could be on the horizon. One such metric – Bitcoin’s Apparent Demand – has shown a strong rebound, signalling renewed interest and sustained accumulation in the market. Bitcoin Sees Sharp Rebound In Apparent Demand According to a recent CryptoQuant Quicktake post, contributor IT Tech pointed to a significant rise in BTC’s Apparent Demand. Most notably, this key indicator has returned to positive territory after spending several consecutive weeks in the red. Related Reading: Bitcoin Enters New Phase: Analyst Predicts Positive Movement In 2025 For the uninitiated, Bitcoin’s Apparent Demand (30-day sum) measures the cumulative net demand for BTC over the past 30 days by tracking wallet accumulation and exchange outflows. A sharp increase in this metric suggests strong, sustained buying pressure, which can indicate bullish sentiment and potential for a price rally. The following chart illustrates this rebound in BTC’s Apparent Demand, which essentially reflects net changes in one-year inactive supply adjusted by daily block rewards – a metric designed to better represent organic demand growth. Previously, this metric had fallen deeply into negative territory – dipping below -200,000 (highlighted in red) – suggesting waning demand. However, its recent reversal into positive territory signals that long-dormant capital is flowing back into the market. As noted in the post: The demand pivot is closely aligned with the recent price rebound above $87K, implying this recovery is underpinned by real on-chain behavior rather than purely speculative flows. This marks the first positive Apparent Demand reading since February and aligns with rising inflows into spot Bitcoin exchange-traded funds (ETFs), as well as growing accumulation by long-term holders. Data from SoSoValue shows that US-based spot BTC ETFs have recorded five consecutive days of net positive inflows, totalling more than $2.5 billion. The cumulative net inflow into spot BTC ETFs now stands at an impressive $38.05 billion. Is A BTC Rally In Sight? IT Tech noted that past reversals in Apparent Demand have historically preceded either significant rallies or periods of strong price support. If the current trend continues, BTC may have the momentum needed to challenge the $90,000 level in the near term. Related Reading: Bitcoin Surpasses Realized Price Of Recent Buyers — Rally Incoming Or Double Top? However, analysts caution that Bitcoin must hold its current support around $91,500 to maintain upward momentum. This level is particularly important because it is close to the realized price of short-term BTC holders, according to CryptoQuant contributor Crazzyblockk. Further adding to this outlook, prominent crypto analyst Rekt Capital emphasized that Bitcoin needs to secure a weekly close above $93,500 and reclaim it as support in order to establish a clear path to $100,000. At press time, BTC trades at $94,492, up 2% in the last 24 hours. Featured image from Unsplash, charts from CryptoQuant and Tradingview.com
The 2024 U.S. presidential election marked a historic shift as crypto became a key campaign battleground. Donald Trump’s early endorsement of digital assets gave him a clear edge, earning massive support from the crypto community and ultimately propelling him to a second term. Meanwhile, Democratic candidate Kamala Harris made last-minute efforts to align with pro-crypto …
The fund manager's Bitcoin holdings accounts for only a sliver of its nearly $12 trillion in overall assets under management.
Spot bitcoin ETFs in the US reported $442 million in net inflows on Thursday, marking the fifth consecutive day of positive flows.
Patient pools of capital are behind BTC's recent rally.
BlackRock's IBIT saw net inflows of $643 million yesterday, leading the overall $936 million total daily flows into US bitcoin ETFs.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Analysts said institutional capital is flowing back into bitcoin as its role as a potential "safe haven" asset grows stronger.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Sentiment toward the asset class remains mixed but is showing "signs of recovery," Head of Research James Butterfill said.
U.S. spot bitcoin ETFs recorded $381.4 million in net inflows on Monday, marking their largest daily inflow since Jan. 30.
As gold continues to set new all-time highs (ATH) – trading at $3,333 per ounce at the time of writing – Bitcoin (BTC) has seen more subdued price action, consolidating in the mid-$80,000 range. However, analysts suggest that the top digital asset may soon mirror gold’s recent momentum. Bitcoin Set To Follow Gold’s Momentum? In a recent post on X, crypto trading account Cryptollica hinted that BTC may be poised to replicate gold’s historic price movement seen over the past few months. The account shared the following chart, highlighting the striking similarities between the price actions of gold and BTC. The chart shows both gold and BTC forming a macro-bottom around early 2023, followed by a rejection at the range top in early 2024. Gold eventually broke out in the following months, while BTC lagged slightly, breaking out around November 2024. Related Reading: Bitcoin Undervalued? Analyst Breaks Down Bullish On-Chain Metrics According to Cryptollica, BTC now appears to be breaking out of a consolidatory wedge pattern, with a potential mid-term target as high as $155,000. Currently, Bitcoin’s ATH stands at $108,786, recorded earlier this year in January. BTC is also likely to benefit from several favorable macroeconomic trends. For example, the global M2 money supply is expected to increase in 2025, a development that typically supports risk-on assets like Bitcoin. BTC Maturing As A Safe Haven Asset Beyond technical chart patterns, BTC has demonstrated remarkable resilience amid escalating global tariff-induced uncertainty. According to the latest The Week On-Chain report, both gold and BTC have performed well during the ongoing tariff war. The report notes: Amidst this turmoil, the performance of hard assets remains remarkably impressive. Gold continues to surge higher, having reached a new ATH of $3,300, as investors flee to the traditional safe haven asset. Bitcoin sold off to $75k initially alongside risk assets, but has since recovered the week’s gains, trading back up to $85k, now flat since this burst of volatility. The report also mentions that BTC recently experienced its largest price correction of the 2023–25 cycle, a -33% drawdown from its ATH earlier this year. However, this correction remains relatively modest compared to those seen in previous market cycles. Related Reading: Bitcoin Weekly RSI Breakout Signals Trend Shift – Is $100,000 Next For BTC? The following chart illustrates BTC bull market correction drawdowns since 2011. As shown, the recent -33% correction is the shallowest among past cycles, with the deepest being -72% during the 2012–14 bull market. While BTC continues to show signs of maturing as a reliable asset during times of geopolitical uncertainty, institutional investors appear to be taking profits. This is evidenced by recent outflows from Bitcoin exchange-traded funds (ETFs). At press time, BTC is trading at $84,694, up 0.7% in the past 24 hours. Featured image from Unsplash, charts from X, Glassnode, and Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
U.S. spot bitcoin ETFs saw $169.9 million in net outflows on Wednesday — breaking a two-day run of inflows.
The investment manager is aiming for a May 14 launch of its crypto-related ETF made up of 30 to 60 investments tied to digital assets.
U.S. spot bitcoin ETFs saw $76.4 million in inflows Tuesday and $1.5 million Monday, following a seven-day outflow of $878 million.
The U.S.-listed BTC ETFs appear on track for the second-highest monthly outflow on record.
The regulator aims to make a decision regarding rule changes to allow these funds in the coming weeks, according to documents on Monday.
Trump's tariff activity continues to weigh on sentiment toward the asset class, Head of Research James Butterfill said.
Total digital asset AUM rose to more than $50 billion, a large number but a relatively minor proportion of BlackRock's more than $10 trillion under management.
US spot bitcoin ETFs saw $150 million exit the products on Thursday, as investors pulled back from risk assets amid ongoing tariff tensions.
The recent decision by Donald Trump to pause tariff increases, along with signs that inflation is slowing down, has stopped the recent selling trend in the market. As a result, more holders are buying Bitcoin again, and many believe it could reach $100,000 this month. However, sellers continue to weaken hopes of a bullish comeback. …
The withdrawals took place even as prices zoomed higher alongside a risk-reset on Wall Street.