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Institutional inflows through Bitcoin spot ETFs are at multi-month highs, driving fresh bullish momentum.
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On-chain indicators like MVRV support the outlook for further gains—potentially 70%–80% if current conditions hold.
Following the previous Bitcoin ETF inflows reaching $220M development, Crypto News Flash (CNF) suggests that a BTC rally to new highs may be on the horizon. Indeed, Bitcoin has recently broken past the $91,000 mark, marking its first higher high breakout of the year and signaling a potential shift in market dynamics.
According to reports, this upward movement is largely attributed to significant institutional investments, particularly through U.S. spot Bitcoin ETFs, which recorded net inflows of $381 million on April 21, the highest since January 30.
Some investment platforms see these inflows as a sign of resurging institutional demand, potentially offsetting the selling pressure that has capped Bitcoin’s price in recent months.
Notably, BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) have emerged as frontrunners, capturing substantial portions of these inflows.
In this context, looking into further analysis, according to SoSoValue data, Bitcoin spot ETFs saw a total net inflow of $936.43 million on April 22 (Eastern Time).
The Bitcoin Spot ETF with the highest net inflow on that day was ARKB, the ETF by Ark Invest and 21Shares, with a daily net inflow of $267.10 million. The total historical net inflow of ARKB currently stands at $2.87 billion.
The second highest was Fidelity’s FBTC, with a daily net inflow of $253.82 million. Its total historical net inflow has now reached $11.62 billion.
On-Chain Metrics Indicate Further Growth
Beyond institutional inflows, on-chain metrics provide additional bullish signals. The Market Value to Realized Value (MVRV) ratio, a key indicator comparing Bitcoin’s market cap to its realized cap, has historically predicted strong price rallies when hovering around 2.
Currently, Bitcoin’s MVRV ratio is attempting to reclaim this level after a recent dip—suggesting potential for significant price appreciation.
Current Bitcoin Price and Market Outlook
To this end, the combination of robust institutional inflows and favorable on-chain metrics suggests that Bitcoin may be poised for a significant price surge. However, the re-engagement of retail investors will be crucial in sustaining this momentum and achieving further price milestones.
As of now, according to CoinMarketCap data, Bitcoin is trading at approximately $94,260.62, reflecting a 6.36% increase in the past day and 13.36% over the past week.
This price movement underscores the growing confidence among institutional investors and the potential for continued upward momentum. See BTC price chart below.
