Whales & ETFs fuel Bitcoin surge: $3.02B inflows spark $106K price breakout hopes

April 2025 saw a strong rebound in monthly ETF inflows, hitting $3.02 billion after two months of net outflows, showing renewed institutional appetite for Bitcoin.

Total net assets climbed back above $110 billion, also indicative of investor confidence.

However, BTC’s price — hovering at $95K at press time — has yet to break past the earlier highs seen in late 2024.

The divergence in rising inflows and relatively flat price action hints at a possible supply overhang or market hesitation. While capital is flowing in, the data shows that participants may be positioning for upside with caution.

Whale sentiment turns cautious

While Bitcoin hovers around $95,000, whale position sentiment has flashed early signs of bearish divergence.

The metric has started to decline even as price remains elevated, indicating that whales may be unwinding longs or tactically entering shorts.

Source: Alphractal

If the sentiment trend continues downward, it could foreshadow a short-term correction.

Conversely, a rebound in the indicator may validate continued bullish momentum toward the much-watched $106K breakout level.

Is momentum showing signs of fatigue?

Bitcoin was consolidating just under the $95,000 mark at press time, with recent candles forming a tight range, suggesting indecision.

The RSI stood at 66.83 — hovering near overbought territory but not breaching it — indicating that bullish momentum is slowing without a confirmed reversal.

Source: TradingView

Meanwhile, OBV has flattened, pointing to waning buying pressure despite recent price gains. If BTC fails to breach the $95K-$96K resistance zone with volume, a short-term pullback could follow.

However, holding above $93K would keep bulls in control, with $100K remaining a psychological magnet if momentum reignites.