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Wall Street Interest Keeps Bitcoin Stable After April Recovery

  • Substantial inflow into spot Bitcoin ETFs, particularly in late April, has been a major factor behind Bitcoin's recovery from its April slump near $75,000.
  • Net inflows into spot Bitcoin ETFs approached nearly $1 billion on April 22, a level not seen since mid-January, although the pace has slightly eased in recent weeks.
  • Daily inflows into spot Bitcoin ETFs remain steady, indicating continued interest from institutional investors, along with retail behavior showing accumulation in the $93K–$95K range.
  • Analysts suggest that the $93K–$95K zone could act as a support level in case of short-term corrections, with a cautiously optimistic long-term outlook supported by strong demand from institutional buyers and a clear pattern of accumulation.

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