The institutional support for Bitcoin is still continuing, as per the latest data. Notably, spot Bitcoin ETFs have now recorded their fourth consecutive week of net inflows with $823M inflows in the past seven days. This suggests positive sentiment is strengthening as the price of BTC keeps seeing slight growth.
Another Strong Week for Bitcoin ETFs
SoSoValue data shows that from April 20 to April 24, inflows for spot Bitcoin ETFs reached $823M. This is the fourth straight week of positive trends for these funds, with one week seeing $996M inflows even. In fact, the Bitcoin ETFs collectively totaled over $2.12B from April 14 to April 24. This is a huge improvement from the start of the year, when inflows were small and investors were still cautious.
BlackRock continues to dominate the space as in the past. Its saw the majority of inflows, pulling in $733M during the week. This outsized number just cements IBIT’s position as the leading fund for institutional Bitcoin exposure. It also shows how concentrated ETF demand can be, with a few major funds driving the bulk of market activity.
Not only that, the strong inflows helped push total net assets for Bitcoin ETFs past $102B. This is a milestone that shows the growing scale as well as demand for Bitcoin ETFs.
Bitcoin Price Recovery Gains Momentum
When it comes to the price of BTC, it has also been rising at the same time. CoinMarketCap shows that the value increased from $74,000 to $77,500 in the past seven days. This is after seeing a 15% jump on the 30-day chart and after dipping as low as $60,000 at the start of 2026. Furthermore, this recovery happened precisely as the inflows into the Bitcoin ETFs happened.
Bitcoin is currently facing resistance between $79,500 and $80,000. A jump to $90,000 could come if it breaks past these levels. On the other hand, the price of BTC could go down to the $75,000 level again if it fails to break through.
Technical Indicators Flash Caution
Nevertheless, technical indicators are currently giving sell signals for BTC. This is happening even with the price rising and inflow data being bullish. According to Investing.com data, the 13-day bull/bear power indicator has a value of -1378 which is in the sell zone. In other words, bears are dominating and are pushing the price of BTC below its 13-day average.
Furthermore, its 14-day RSI indicator is valued at 39 which is also in the red zone. This suggests that momentum is decreasing. With the 14-day CCI indicator sitting at -130 as well, it is clear bears are pushing the value of BTC down at the moment. All these technicals show that BTC is close to a resistance zone or a consolidation area.
No End in Sight for Bitcoin Institutional Adoption
The latest $823 million inflow week is another milestone for Bitcoin and its growing institutional adoption. With four consecutive weeks of gains, ETF demand is clearly back thanks to companies like BlackRock.
All of this momentum is especially impressive because of the bearish technical analysis of BTC. This shows that institutions are still bullish about Bitcoin and that they are finding its current value a good entry point.