Bitcoin Continues to Show Powerful Institutional Momentum as Spot ETFs Record Massive $675M in Net Inflows

Bitcoin continues to show powerful institutional momentum as spot ETFs recorded a massive $675 million in net inflows on May 2, 2025.

Key Notes:

* Spot Bitcoin ETFs saw a massive $675 million in net inflows on May 2, 2025, marking one of the strongest single-day performances since their launch, while zero net outflows were recorded across all twelve ETFs, SoSoValue data confirms.

* Ethereum ETFs also joined the rally with modest net inflows totaling $20.1 million across all nine funds.

* Chairman of MicroStrategy (MSTR) Michael Saylor sees IBIT becoming the biggest ETF in ten years.

Analyst Weighs In:

* "It’s possible, especially if IBIT starts taking in more cash than VOO, but that would require inflows well north of $1 billion a day—more likely in the range of $3 to $4 billion daily," Balchunas noted.

* "Extraordinary things would have to happen, but it’s possible."

US Won’t Purchase BTC: Hayes:

* BitMEX co-founder Arthur Hayes, in a recent interview, dismissed the idea of a Us strategic Bitcoin reserve being actively expanded.

* “I’m not really into the whole Strategic Reserve situation,” Hayes said, adding that the US “is a deficit country” and the only way that a BTC Strategic Reserve can be implemented in the country is when the government doesn’t sell the Bitcoin “they took from people.”

* He added that with 200,000 BTC already seized—now valued at over $18 billion—it’s politically implausible for any elected official to announce plans to purchase more Bitcoin with printed dollars.

* “Especially when the popular narrative is a bunch of Bitcoin bros going to the club,” he said. “Is that really what you want people to think about your policy?”

Chart Analysis: Bullish and Bearish Scenarios:

As of 03:08 on Friday, May 3, Bitcoin is trading at $96,251.58, down 0.34% in the last 24 hours, as per the data provided by CoinMarketCap.

The RSI (Relative Strength Index) is at 67.87, approaching overbought territory but still leaving room for upside.

On the other hand, the MACD (Moving Average Convergence Divergence) is bullish, with the MACD line (3,153.82) well above the signal line (2,688.95), but the reduction in distance between the lines suggests increasing selling pressure.

BTC Daily Chart | Source: TradingView

Price has broken above the 0.786 Fibonacci retracement level ($79,238.75) and is approaching the swing high of $96,028.45. A daily close above this resistance could trigger a breakout to new all-time highs.

The Fibonacci 0.236 level at $90,987.26 could act as a key support if the price retraces. A breakdown below this could expose deeper levels at $87,868.57 and $85,347.98.A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

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