Bitcoin is holding firmly above the $94,000 mark on April 26, 2025, as institutional capital continues to pour into spot Bitcoin exchange-traded funds at a pace not seen in months. The world’s largest cryptocurrency trades at $94,317 with a market capitalization of $1.87 trillion and a 24-hour volume exceeding $17.6 billion, cementing one of the strongest weekly performances of the year.
TL;DR
- Bitcoin spot ETFs recorded their third-highest daily inflows of 2025 this week
- BTC trades at $94,317, up over 11% weekly from a bottom near $74,434
- Market cap reaches $1.87 trillion as trading volume surges past $17.6 billion
- $632.6 million in short positions liquidated between April 22-23 alone
- All major moving averages flash buy signals across daily and 4-hour timeframes
ETF Inflows Signal Deepening Institutional Conviction
Spot Bitcoin ETFs have logged their third-largest daily inflow of 2025, according to data shared by The Kobeissi Letter on April 26. The surge in institutional demand comes as BTC crossed the $94,000 threshold, a level that had acted as stiff resistance throughout much of April. The inflows underscore a broader trend: traditional finance is not retreating from Bitcoin despite macro uncertainty — it is accelerating its allocation.
The timing of these inflows matters. They arrived amid a chaotic week in U.S. politics, where former President Donald Trump made conciliatory remarks about tariff negotiations with China and publicly stated he had no intention of firing Federal Reserve Chairman Jerome Powell. Those comments calmed both equity and crypto markets, removing a layer of policy risk that had weighed on sentiment for weeks.
Technical Picture Remains Firmly Bullish
On the daily chart, Bitcoin’s rally from the $74,434 bottom has been underpinned by expanding trading volume — a classic sign of genuine bullish conviction rather than a short squeeze alone. The relative strength index (RSI) sits at 68, indicating strong but not yet overbought momentum. The average directional index (ADX) reads 25, suggesting the trend’s strength remains intact without reaching exhaustion.
Support is anchored in the $88,000 to $90,000 zone, while immediate resistance sits near the intraday high of $95,857. The MACD has turned positive with a buy signal at 2,659, and nearly every exponential and simple moving average from the 10-period through the 200-period confirms the uptrend. Analysts identify the $90,000-$92,000 range as an attractive entry zone for longer-horizon traders on any pullback.
Short Liquidations Fuel the Rally
The rally has not been kind to bears. According to Coinglass data, crypto positions worth $632.6 million were forcibly liquidated between April 22 and 23, the vast majority being shorts. This cascade of forced buying amplified Bitcoin’s upward momentum and contributed to the decisive break above $90,000. The liquidation event ranks among the largest of 2025 and highlights the asymmetric risk that leveraged short sellers face in a market with strengthening fundamentals.
On the 4-hour chart, Bitcoin traces a methodical stair-step progression — surging higher, consolidating, then surging again. The current mild correction from the $95,857 peak comes with declining volume, which technicians view as a potential early warning of a short-term pullback. A critical support area has formed around $93,500, and a break below that level could accelerate a retracement toward the $90,000 psychological zone.
What Traders Are Watching Next
Bitcoin’s 1-hour chart reveals a sideways consolidation pattern between $94,000 and $95,000, with notably contracted volume. This compression typically precedes a decisive move in either direction. Traders are closely monitoring the $93,800 support level for potential short setups and the $95,300 level for breakout opportunities should buying pressure materialize.
The bull case remains compelling: a confirmed breakout above $95,800 would likely target the $97,000 area and potentially clear the path toward a retest of the all-time high. The bear case centers on the rising wedge structure visible on the 4-hour chart and exhaustion signals from momentum oscillators. Both scenarios demand disciplined risk management in the sessions ahead.
Why This Matters
Bitcoin’s resurgence above $94,000, powered by the third-largest ETF inflows of the year, sends a clear signal that institutional adoption is not slowing down — it is intensifying. The combination of political clarity, massive short liquidations, and expanding volume creates a market structure that favors continued upside, even as short-term consolidation remains likely. For investors, the key takeaway is that the infrastructure around Bitcoin — particularly the ETF pipeline — has fundamentally changed how capital enters this market, making each rally more structurally sound than the last.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry significant risk. Always conduct your own research before making investment decisions.
third highest of the year and btc just broke 94k. these etf flows are the most reliable bull signal we have right now
went from 74,434 to 94,317 in a week and people still called it a dead cat bounce. 11% in 7 days is not a bounce
632 million in shorts rekt between april 22-23 alone. imagine being bearish into that kind of momentum
trump backing off the fed comments and china tariff talk was the catalyst. remove political risk and btc rips, every single time
1.87 trillion market cap and still getting third highest etf inflows. institutions are not done buying
all major moving averages flashing buy on both daily and 4h. this isnt a pump, its a trend shift