Bitcoin hits a critical position and XBIT spot ETF from the top ten cryptocurrency exchanges have a record influx
Bitcoin continued to be strong last week (April 20-26), with the price climbing 11.75% to $94,061, setting a two-month high. XBIT analysis pointed out that although the spot Bitcoin ETF had a record weekly net inflow of $3.1 billion, the perpetual futures market showed a sharp bearish signal, coupled with the battle for the key resistance level of $96,000, the market’s disagreement on whether Bitcoin can break through the $100,000 mark has intensified.
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The Trump administration’s signal of tariff concessions and the 7.1% weekly increase in the S&P 500 index have pushed Bitcoin and risk assets to strengthen simultaneously. The spot Bitcoin ETF has a weekly inflow of $3.1 billion, a record high, indicating that institutional and retail funds are accelerating. Howe...
