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.