Bitcoin ETFs bounced back strongly on Thursday, attracting over $100 million in net inflows. This rebound follows Wednesday’s steep outflows of nearly $170 million, easing investor concerns of a prolonged bearish phase. BlackRock’s IBIT led the charge, pulling in nearly $81 million, with Fidelity’s FBTC trailing at $25.9 million. The renewed inflows show that institutional confidence in Bitcoin is still alive and kicking. Meanwhile, Bitcoin price rose modestly by 0.30% over the past 24 hours. But with a negative funding rate and mixed technicals, not everyone’s ready to pop the champagne just yet.
Bitcoin ETF Inflows Surge While Market Sentiment Stays Cautious
Bitcoin news took a bullish turn on Thursday as ETF buyers stepped back in after a midweek dip. BlackRock’s iShares Bitcoin Trust (IBIT) saw the largest inflow at $80.96 million, pushing its total net inflow to $39.75 billion. Fidelity’s FBTC added $25.90 million, continuing to attract strong interest from institutional investors. Overall, Bitcoin ETFs posted over $100 million in net inflows, a sharp reversal from Wednesday’s $169.87 million outflow.
The sudden rebound suggests that Wednesday’s dip was likely a blip, not a trend. Bitcoin’s futures open interest also rose by 5%, now sitting at $54.93 billion. This indicates increased speculative activity, with both bulls and bears making their moves. However, the funding rate flipped negative to -0.0006%, revealing that many traders are leaning bearish despite rising open interest.
While the current ETH update in the ETF world has caught attention, it’s the Bitcoin ETF that’s stealing the spotlight with this latest shift. As mixed signals continue to swirl, the Bitcoin price may hover in consolidation until a clearer trend emerges.
Bitcoin Price Analysis of April 18
The trading day of April 17th started with sellers briefly taking control, pushing Bitcoin into a minor dip. However, at 04:20 UTC, a golden cross formed on the 5-minute BTC/USDT chart, indicating a bullish shift. Buyers capitalized on this, pushing prices higher. The RSI entered the overbought zone around 07:30 UTC, reinforcing bullish momentum. Later in the day, at 14:30 UTC, the MACD flashed a bearish death cross, coinciding with an oversold RSI, prompting a strong reaction from sellers. BTC dropped and tested support at $83,737.88.
BTC/USDT chart, analyzed by ShwetaCW, published on TradingView, April 18, 2025
A renewed wave of buyer interest followed as the MACD flipped bullish with a golden cross, sending prices back up to a resistance level near $85,472.45. However, the momentum didn’t hold. A second death cross steered the price downward again, heading into April 18th. The new trading day opened with moderate selling pressure, as RSI showed oversold conditions around 04:20 UTC. According to Bitcoin price prediction, if bearish sentiment persists, BTC could break below $83,737.88, potentially falling toward $80,000. On the flip side, a bullish reversal could see buyers reclaim resistance at $85,472.45 and target the $86,000 zone.
Outlook: Can Bitcoin Hold Above Support?
The recent rebound in Bitcoin ETF inflows reflects growing institutional confidence, even as short-term signals remain mixed. While Bitcoin price is hovering near key resistance, a break above $85,472 could push it toward $86,000. However, if bearish pressure resumes, it may dip back to $83,737. Stay tuned for more Bitcoin news as the market reacts.
Source: Coinfomania / Digpu NewsTex