
Bitcoin rebounded to over $83,000, showing resilience amidst market volatility.
Bitcoin and Ether spot ETFs experienced net outflows, with Bitcoin fund outflows in April already exceeding March's total.
Analysts suggest potential for further Bitcoin gains if it holds above $82,360, with possible Fed intervention and rising bond yields influencing market dynamics.
Bitcoin has made a strong comeback, rising to $82,000 this week after facing heavy volatility triggered by President Trumpโs shifting tariff policies. The market stabilized after Trump announced a surprise 90-day pause on global tariffsโexcluding China. Bitcoin showed resilience and is now trading at $83,469, up over 1% in the last 24 hours.
ETF Outflows Persist Despite Price Gains
On April 11, Bitcoin spot ETFs recorded a net outflow of $1.0271 million, marking the seventh straight day of negative flows, according to data from SoSoValue. While ARKB saw a positive inflow of $11.28 million, BITB experienced a net outflow of $12.31 million. The rest of the ETFsโincluding IBIT, FBTC, BTCO, BTCW, BRRR, EZBC, HODL, GBTC, DEFI, and BTCโremained flat with zero net inflows or outflows.
Ether spot ETFs reported a much larger net outflow of over $29 million, continuing their four-day streak of losses. This highlights growing caution among investors as markets remain uncertain and regulatory pressure continues to loom.
Aprilโs ETF Outflows Already Surpass March
Just under two weeks into April, total Bitcoin ETF outflows have already exceeded those seen in March, suggesting the trend could continue. On April 10 alone, Bitcoin ETFs faced $149.66 million in net outflows, extending a six-day streak of withdrawals. Since the start of April, $813.89 million has been pulled out of Bitcoin ETFs.
Despite this, Bitcoin has been showing strength on the charts, with higher highs and higher lows this week. However, crypto analyst Atlantis7 remains cautious. He believes the recent 4.80% price increase is driven by passive bids on Coinbase and Binance, alongside active buying on OKX.
According to him, this may indicate institutions are treating Bitcoin as a short-term safe haven amid the ongoing US-China tariff tensionsโsimilar to goldโs recent performance. He warns that the current rally could be an โexit pumpโ rather than a sustainable uptrend.
Bitcoin Surges Over Fed’s Comments
Bitcoin saw a 5% jump today, briefly trading below $84,000, after a Federal Reserve president suggested that the Fed could step in with tools to keep financial markets stable. This statement boosted confidence in risk assets like crypto.
Arthur Hayes, former CEO of BitMEX, added that rising bond yields could put pressure on the government to act. He believes this could lead the Fed to inject more liquidity into the financial system, which might trigger a broader and longer-lasting rally in both crypto and traditional markets.
Key Resistance Level in Focus
Crypto analyst Ali Martinez noted in a recent post that Bitcoin is currently breaking through a key resistance level at $82,360. He pointed out that if Bitcoin can hold above this level, it may build momentum and move toward the next target of $91,500.
Between the tariffs and the trades, it’s a wild ride out there. Buckle up!
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FAQs
Hints at Fed support and bond yield concerns could boost Bitcoin, making it a hedge against market instability.
Analysts warn it may be an โexit pumpโ fueled by passive and institutional bids, not organic long-term demand.