On April 22, ETFs brought in $912 million, followed by $917 million on April 23. Both retail and institutional investors are joining the wave, pushing Bitcoin’s price higher. This signals strong belief in the coin’s long-term value.
At the same time, Bitcoin whales are actively accumulating. Wallets holding over 10,000 BTC show an accumulation score of 0.9, which is very high. It means big players are confident and expect more growth.
Smaller investors, those with 1,000 to 10,000 BTC, are also buying. Their score is at 0.7. This support from both large and mid-sized holders adds to the bullish trend.
Bitcoin recently confirmed a double-bottom pattern and jumped 10% in two days. It now trades at $92,347, just under the key resistance level of $93,625. If it breaks through, the price could climb toward $95,000 and even $95,761.
But risks remain. If Bitcoin drops below $89,800, it may fall to $86,822. That would cancel out recent gains and change the outlook.
Still, with ETF inflows rising and whale accumulation strong, Bitcoin seems ready for another big move. The market is watching closely.