Is the Bitcoin Rally in Danger? Slowing Inflows Spark Concerns
All eyes are once again on Bitcoin in the crypto market! After a strong upward trend in recent weeks, is the momentum starting to fade? The slowdown in BTC inflows has raised serious questions among investors. Could institutional interest be declining?
📉 What Do the Numbers Say?
In the past two weeks alone, around $3.93 billion flowed into Bitcoin, fueling a sharp rally that pushed BTC’s price above $95,000. But as of April 30, the trend has shifted. U.S.-based Bitcoin ETFs recorded $56.3 million in outflows, signaling a possible change in sentiment.
This development has many asking, “Was that the top?” A decline in institutional confidence could put downward pressure on Bitcoin’s price in the near term.
💬 My take: Institutional investors often drive market direction. While their exits may bring short-term volatility, long-term value depends on adoption and technological strength.
💼 BlackRock Remains a Bright Spot
Despite the broader outflows, BlackRock’s IBIT ETF stood out. It registered a net inflow of $267 million on April 30, and has consistently attracted capital since April 14. This reflects a strong institutional belief in BlackRock's Bitcoin vehicle.
💬 My take: Heavyweights like BlackRock continuing to buy signals strategic accumulation. It’s worth staying calm and focusing on the bigger picture.
What’s Next for Bitcoin?
BTC briefly climbed over $96,000 on May 1, with a 1.3% daily increase, before pulling back to $93,796 early Friday. Interestingly, open interest in Bitcoin futures surged over 5%, indicating that traders still have strong conviction in the asset’s upward potential.
🔮 Three Key Scenarios Ahead
CryptoQuant analyst Axel Adler Jr has outlined three possible outcomes for Bitcoin’s price trajectory:
- Bullish Scenario 🟢
If the on-chain ratio breaks above 1.0, BTC could soar to the $150K–$175K range. - Neutral Scenario 🟡
A consolidation between $90K–$110K is possible. - Bearish Scenario 🔴
If sentiment turns negative, BTC could correct to $70K–$85K.
The current ratio stands at 0.8, placing Bitcoin at a potential turning point.
💬 My take: On-chain metrics offer valuable insights, but in crypto, sentiment and news often outweigh data. Flexibility is key.
📌 Bottom Line: The Bitcoin Rally Might Slow, But It’s Not Over!
Institutional pressure is clearly present, yet the overall market still holds bullish potential. A rebound in ETF inflows could reignite the rally and push Bitcoin toward new highs. The $100K mark is still within reach.
💬 My take: Bitcoin moves in cycles. Corrections are not just normal—they’re healthy. Stay focused on the long-term vision instead of reacting to short-term noise
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