Wall Street Interest Keeps Bitcoin Stable After April Recovery

Bitcoin is maintaining its position above the $100,000 mark, and analysts say it’s not just market momentum keeping it there—it’s deep-pocketed institutional interest and consistent investor confidence on dips.

Bitcoin price has remained stable above the $100,000 mark despite April's market recovery, and it’s not just market momentum.

According to blockchain analytics firm Glassnode, a major factor behind Bitcoin's recovery from its April slump near $75,000 has been the substantial inflow into spot Bitcoin ETFs, especially during late April. On April 22 alone, net inflows approached nearly $1 billion—a level not seen since mid-January.

While that pace has eased in recent weeks, daily inflows remain steady, signaling ongoing appetite from institutional players.

Furthermore, recent data from Glassnode shows that short-term holders have been heavily accumulating Bitcoin in the $93K–$95K zone.

As prices surged to highs around $104K, around 90% of these traders were sitting on unrealized profits, potentially prompting some selling pressure and contributing to the current pause in upward movement.

Bitcoin price is now consolidating just above $102K, and if it does encounter any short-term corrections, the $93K–$95K zone could provide support, according to analysts.

However, not everyone is fully bullish in the immediate term. Market watcher Valentin Fournier points out that technical indicators suggest mild overbought conditions, especially as trading volumes typically thin out over weekends.

The broader view remains cautiously optimistic. Strong demand from institutional buyers, coupled with a clear pattern of accumulation, suggests that Bitcoin's long-term support is intact, even if short-term volatility returns.