At press time, the BTC price was moving near $81,000 after testing resistance above $82,000. However, geopolitical risks remain active after President Donald Trump rejected Iran’s latest counterproposal to end the U.S.-Iran conflict.
Iranian state media said Tehran’s demands included war reparations, recognition of Iranian sovereignty over the Strait of Hormuz, and an end to American sanctions.
However, analysts have said several factors have helped Bitcoin regain momentum. These include renewed spot Bitcoin ETF inflows, stronger institutional participation, rising whale holdings, and expectations that the Digital Asset Market Clarity Act could move forward in the United States.
Digital asset investment products recorded $857.9 million in inflows last week, according to CoinShares. Bitcoin led the market with $706.1 million, extending its year-to-date inflows to $4.9 billion. The wider crypto fund market has now posted six consecutive weeks of inflows.
ETF Inflows Strengthen Bitcoin Demand
Spot Bitcoin ETFs remain one of the main drivers behind Bitcoin’s recovery. Spot Bitcoin ETFs recorded $623 million in net inflows last week, marking six straight weeks of positive inflows. The data shows that institutional positioning in Bitcoin remains intact, even as short-term traders appear to be taking profit near the $80,000 area.
The recent two-day outflow streak also matters. It suggests some fast-moving capital has started trimming exposure after Bitcoin’s rebound, while longer-term allocation demand continues to support the broader trend.
Source: SoSoValue
Bitcoin remains the core institutional crypto allocation, but inflows are no longer limited to BTC. Ethereum ETFs brought in $70.49 million last week, led by BlackRock’s ETHA with $100 million in net inflows. That shows renewed interest in ETH, although demand appears concentrated in one major product rather than spread evenly across the full Ethereum ETF market.
Solana and XRP also attracted fresh capital. Spot Solana ETFs recorded $39.23 million in net inflows, while spot XRP ETFs added $34.21 million. The flows suggest that as macro pressure eased and risk appetite improved, investors began adding higher-beta crypto exposure beyond Bitcoin.
On-Chain Signals Point to Market Recovery
On-chain data also shows signs of improving market conditions. Bitcoin’s adjusted spent output profit ratio has stayed above 1.0 for nine consecutive days since May 1.
The adjusted SOPR measures whether coins moved on-chain are being sold at a profit or a loss. A reading above 1.0 means holders are spending coins at a profit on average.
The nine-day streak shows that Bitcoin is absorbing profit-taking without a sharp breakdown in price. Analysts said this is the strongest sustained profitable-spending sequence since the October-to-November 2025 period.
Another early bull signal has appeared on the Bitcoin Bull-Bear Market Cycle Indicator, according to analyst CW. The signal is the first of its kind since early 2023.
Source: Cryptoquant
CW noted that past early bull signals did not always lead directly to rallies. However, the analyst said current whale holdings remain near their highest levels, unlike a prior cycle when large holders sold into strength.
CLARITY Act and Macro Events Remain in Focus
Regulatory optimism has also supported sentiment. The Digital Asset Market Clarity Act is expected to face a Senate Banking Committee session this week.
The bill would create clearer federal rules for digital assets and divide oversight between the Securities and Exchange Commission and Commodity Futures Trading Commission. Market participants view the legislation as important for institutional adoption because it could reduce legal uncertainty around crypto markets.
Macro events may also shape Bitcoin’s next move. April consumer price data is due Tuesday, followed by producer price data and the OPEC monthly report on Wednesday. Retail sales data and the CLARITY Act session are expected on Thursday.
QCP Capital said markets are also watching a planned meeting between President Donald Trump and Chinese President Xi Jinping in Beijing. The talks are expected to cover trade, national security, rare earth supply chains, and the Middle East conflict. In addition, with the Russia-Ukraine war in the ending phase, as we reported, BTC may be preparing for a bullish shift.
Consequently, Bitcoin’s technical structure remains focused on key price zones. According to crypto analyst Michaël van de Poppe, Bitcoin still holds a bullish structure despite a short-term pullback linked to a small CME futures gap.
Source: X
As per his analysis, BTC price support sits near $79,100 to $80,600, while major resistance remains near $86,500. A move above that zone could shift attention toward $90,000 however, a loss of support could bring the $73,400 area back into focus.
