Bitcoin has seen renewed institutional interest as Bitcoin ETFs in the US recorded more than $912 million in net inflows on April 22.
This was the highest daily influx since January, and is likely driven by easing trade tensions. The rally also helped push Bitcoin’s price to above $93,000, and reignited bullish expectations. Some analysts even predict a possible rise to USD$200,000 by the end of 2025. At the same time, Tesla remains confident in Bitcoin’s long-term potential, as the company held its currency during the difficult first quarter of the year.
Investments in US Bitcoin exchange-traded funds (ETFs) have seen a strong rebound recently, with inflows reaching levels not seen since January. According to data from Farside Investors, April 22 saw cumulative net inflows of more than $912 million into Bitcoin exchange-traded funds. This was the largest daily investment since January 21.
The rise reflects a significant shift in investor confidence, which had previously been affected by concerns about global trade tensions. Fortunately, market optimism rebounded after comments by US President Donald Trump, who signaled the possibility of easing tariffs on Chinese imports.
The recovery in activity of exchange-traded funds (ETFs) also contributed to a significant rise in the price of Bitcoin, which exceeded 93,000 USD for the first time in seven weeks. Analysts believe that these developments, coupled with growing institutional interest, could accelerate Bitcoin’s historic four-year cycle and potentially push the cryptocurrency to new record highs before the end of 2025.
Another supporting factor is the weakening of the US dollar. The US dollar index (DXY) has fallen 9% since the beginning of the year, reaching a three-year low of 98.8. This trend has strengthened Bitcoin’s position as a safe haven.
Bitcoin hacks 92k and targets 100k soon
Bitcoin made a strong breakout above the $92,000 level, after a period of consolidation and rejection. As the market regains momentum, it is necessary to assess whether the latter movement is sustainable or on the verge of a rebound.
On the daily timeframe, Bitcoin surpassed its previous high near $92,000 with strong momentum. This move confirms a rally at the top, establishing a shift in the structure of the bull after weeks of fluctuation. The breakout candlestick closed strongly above both the horizontal resistance and the 200-day moving average, located around the level of 89K USD.
The next major resistance lies around the $100,000 line, which is also in line with previous psychological interest and rejection. As long as daily closures remain above the USD$88,000-90,000 zone, the bias remains bullish.
The four-hour chart highlights a clear breakout above a bearish trend line that has limited the price over the past two months. After regaining the support zone at 80,000 USD and consolidating below the resistance level, the price rose above 92,000 USD, transforming the market structure from neutral to bullish.
This impulse movement is characterized by oversized candles, which indicates strong interest from buyers. However, with the price extending away from its recent base, day traders should be wary of pullbacks to the USD$88,000-90,000 zone, which is now in demand. If the asset consolidates above this area, it is likely to continue around $96,000-100,000.
The short-term investor SOPR is still below 1, but shows early signs of recovery. This suggests that many market participants recently are still selling at a loss, but the margin for these losses is shrinking. In previous cycles, the gradual rise in the SOPR towards 1 has often been a transition from surrender to renewed confidence.
BTC surpasses Amazon and Google as a global asset
The rise of Bitcoin reinforces its role as a hedging tool in light of macroeconomic uncertainty, reinforcing the concept of “digital gold”.
Bitcoin has made history with a market capitalization of more than $1.8 trillion, surpassing Google, silver and Amazon, becoming the fifth largest asset in the world.
Bitcoin is ahead of Alphabet, Google’s parent company, overtaking it by about $12 billion in market capitalization.
Silver comes next, long regarded as both a monetary metal and an industrial asset, with a market capitalization of $1.856 trillion. Amazon, the e-commerce and cloud services giant, follows with a market capitalization of $1.837 trillion.
Bitcoin is now targeting the world’s fourth-most expensive asset, Nvidia, which is currently valued at $2.4 trillion. If Bitcoin wants to catch up with gold, it will need to appreciate it by more than 1,000% to match the value of gold.
Bitcoin has risen 12% this week, surpassing $93,500, as investor confidence grew.During the Asian trading session on Wednesday, the digital asset briefly regained the $94,000 mark, supported by the easing of global trade tensions following President Trump’s remarks yesterday.
At the same time, Bitcoin’s increasing deviation from traditional equities has cemented its position as a hedge against macroeconomic uncertainty, supporting the “digital gold” theory.
This shift sparked renewed interest in Bitcoin exchange-traded funds. On Tuesday, U.S.-listed spot Bitcoin ETFs pulled in nearly $913 million in new investments—their largest one-day net inflow since mid-January. This strong performance helped these funds post gains for three consecutive trading days. Bitcoin developer Adam Buck stated that he considers Bitcoin prices below $100,000 “cheap.”
