Daily Crypto Signals: Bitcoin Eyes $80K Breakout as ETF Inflows Hit $2B, Ethereum Eyes $6K
US-listed spot Bitcoin ETFs posted a seven-day inflow streak worth $1.9 billion, led by BlackRock's IBIT, as BTC traded near $79,000 and
Quick overview
- US-listed spot Bitcoin ETFs experienced a record inflow of $1.9 billion over seven days, primarily driven by BlackRock's IBIT, as Bitcoin neared $79,000.
- Ethereum's on-chain metrics indicate a potential supply squeeze, with institutional demand pushing price targets to $6,000 or higher.
- Despite a decline in global retail crypto volumes, institutional interest is rising, highlighted by significant Bitcoin purchases and ETF inflows.
- Phishing attacks and vulnerabilities are projected to dominate crypto hacks in 2026, with the sector already losing over $600 million this year.
US-listed spot Bitcoin ETFs posted a seven-day inflow streak worth $1.9 billion — led by BlackRock’s IBIT — as BTC traded near $79,000 and analysts set $80,000 as the critical level needed to confirm a trend reversal. Meanwhile, Ethereum’s ETH/USD on-chain metrics point toward a potential supply squeeze, with 10 consecutive days of ETF inflows and rising institutional demand fueling price targets of $6,000 or higher.
Crypto Market Developments
As we get closer to the end of April, the broader crypto market is in a mixed state. According to TRM Labs’ quarterly adoption indicator, global retail crypto volumes declined 11% year-over-year to $979 billion in Q1. This was the second straight quarter of decline and the biggest drop since the bear market in 2022. A stronger US currency, higher interest rates, and a risk-off climate all made it harder for people to participate. This happened at the same time when Bitcoin’s price dropped 22% from its late-2025 peak around $126,000.
CertiK said that phishing assaults, real-time deepfakes, supply chain compromises, and cross-chain vulnerabilities will probably be responsible for most of the crypto hacks in 2026. This year, the sector has already lost more than $600 million. This includes the $293 million Kelp DAO hack, which was caused by a hole in the LayerZero cross-chain protocol, and the $280 million Drift Protocol breach, which was also linked to North Korea-affiliated criminals. A different hack attributed to North Korea employed AI for a long-term social engineering campaign that took almost $100,000 from Zerion’s hot wallets.
Even with such problems, institutional impetus has clearly picked up again. Strategy bought 34,000 BTC for $2.54 billion. Morgan Stanley’s new MSBT Bitcoin ETF drew in more than $153 million in its first two weeks. There is also a general notion that the Senate will adopt the CLARITY Act before the US midterms, which is helping the market.
Bitcoin Bulls Target $80K Breakout as ETF Inflows Surge
Bitcoin BTC/USD hit $79,477 for a short time on Wednesday, its highest level since late January. This was because spot ETF inflows gave the market a strong institutional backing. The seven-day inflow run reached $1.9 billion, breaking the previous record of $1.2 billion established in March. BlackRock’s iShares Bitcoin Trust (IBIT) made up more than 73% of those flows, or $1.4 billion. The US-listed spot Bitcoin ETFs now have over 1.3 million BTC, which is worth about $103 billion. Eric Balchunas, a senior ETF analyst at Bloomberg, said that every rolling period tracked is now in the black. He also said that IBIT’s $3 billion in recent flows puts it in the top 1% of all ETFs.
Most market observers feel that there has to be a series of daily candle closes above the $80,000–$83,000 region to confirm a change in the structure of the trend. Aksel Kibar, a chartered market expert, pointed out a clear falling channel with several rejections at the upper limit, which suggests that there is still resistance above. Jurrien Timmer, Fidelity’s director of global macro, said that the bounce off the $60,033 low might still be a bear sign. However, he said that Bitcoin seemed to be “building a large base here in preparation for the next major up wave.” According to TRDR’s order book data, buyers with coin margins are coming in at higher and higher support levels. Support is currently firmly in the $68,000–$70,000 range.
ETH Supply Squeeze Builds as Institutions Return
Ether has gone up almost 33% from multi-year lows near $1,750, and a few on-chain indicators imply that the move may not be over yet. Analysts point to a weekly MACD bullish crossover, which is an indication that ETH has gone up by 75% and 183% in the past. They also point to an RSI recovery from oversold levels, which have historically signified important price bottoms. If this fractal stays the same, many are talking about price goals between $3,000 and $6,300, based on the 75% to 260% range of previous bounces off the same long-term rising trendline. Ether futures on Binance have also reached a level not seen in almost two months, with the volume of buy-takers going past $5 billion.
At the same time, the dynamics of supply are getting tighter. According to CryptoQuant, the number of daily ETH accumulation addresses has grown to 2,434, which is more than the 2,300 addresses that deposit ETH to exchanges to sell. This is the first time this has happened in months. On April 2, the net ETH balances on exchanges dropped by 1.4 million ETH, which was the worst single-day outflow in seven months. The 30-day net position change is now -351,300 ETH. Spot Ethereum ETFs have seen net inflows for 10 days in a row, totaling $590 million. This is the longest streak since December 2024, when the price of ETH rose by 95%. There are also institutional purchasers coming back: Bitmine Immersion Technologies, the world’s largest public holder of Ether, added 101,627 ETH to its holdings last week. The ETH Coinbase premium index has also returned to positive territory for the first time since October 2025, showing that US institutions are interested again.
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