The recent surge of Bitcoin above $87,000 is not simply a typical weekend rally, according to experts, because early indicators suggest an increase in secure investment appeal.
According to experts at QCP Capital, the surge in Bitcoin’s (BTC) value over the holidays could be indicative of something more substantial than a brief spike, as they posit that institutional investors might be gradually re-entering the market.
According to a study released on Monday, analysts are observing indications that institutional trust is gradually regaining strength. Moreover, they pointed out that Bitcoin exchange-traded funds saw positive flows for the first time last week, with an inflow of approximately $13.4 million, following the previous week’s significant outflow of around $708 million.
During early Asian hours, BTC’s price spiked above $87,000, leading to a significant change of direction that recovered most of the losses caused by the sudden “sharp reversal” following U.S. President Donald Trump’s unexpected “Liberation Day” declaration, as analysts described it.
During holidays, cryptocurrency markets sometimes experience unexpected surges, but the recent rally was markedly different from the low-key holiday surge in December. Instead, this time, Bitcoin outperformed.
QCP Capital
According to experts, Bitcoin isn’t the only asset experiencing caution, as gold is hitting record highs and stocks are ending the week down. The experts suggest that if this trend continues, it might renew interest in Bitcoin as a secure investment option.
As I stand here, I’m keeping a watchful eye on the significant $88,800 barrier for Bitcoin. Until it surpasses this level, I find myself treading with caution, hesitant to make definitive assessments.
According to a previous report from crypto.news, there was a moderate increase in investments for spot Bitcoin ETFs in the U.S. as Bitcoin’s price surpassed $85,000. This trend was influenced by anticipation of a more lenient approach from the Federal Reserve regarding interest rate reductions, due to President Trump’s efforts to appoint a new chair for the Federal Reserve.
As a researcher examining inflows, I found that the majority of funds flowed into BlackRock’s IBIT, amounting to approximately $186.5 million. Bitwise’s BITB followed closely with an inflow of $23.8 million. Additionally, other ETFs such as Grayscale’s mini BTC Trust, Invesco’s BTCO, Franklin’s EZBC, and VanEck’s HODL also contributed, collectively bringing in around $26.3 million.
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2025-04-21 13:36