According to CryptoPotatoe on the 4th (local time), Bitcoin (BTC) dropped to $75,000 at the end of March and recovered to the $95,000 level by the end of April, raising expectations for a return to a bull market. After falling from its January high of $109,000, a strong rebound appeared after passing the last bearish test on April 9th. Cryptocurrency analysts believe that if the Federal Reserve continues to face pressure to lower interest rates, as during the Trump administration in 2020, Bitcoin may show an explosive rise again.
The first signal is the Wall Street capital inflow into Bitcoin ETFs. From April 17th to 29th, Bitcoin ETFs recorded daily net inflows, with some days reaching nearly $1 billion in daily trading. As of April 28th, $3.06 billion was injected in a week, setting the second-highest record. Bitwise's Chief Investment Officer Matt Hougan expects this year's ETF inflows to break all-time records.
The second is the acceleration of Bitcoin purchases by US companies. California healthcare technology company Semler Scientific announced on April 30th that it purchased 165 BTC (approximately $15.7 million), holding a total of 3,467 BTC. Strategy (formerly MicroStrategy) also announced an additional $1 billion purchase on the same day, bringing its total holdings to 553,555 BTC. Consecutive corporate purchases reduce circulating supply on exchanges, increasing upward price pressure.
The third is the Bitcoin reserve movement at the state government level. Arizona passed legislation in April to adopt Bitcoin as a reserve asset at the state level, with only the governor's signature remaining. Co-sponsor Senator Wendy Rogers suggested that state-level adoption could spread nationwide, stating that "Bitcoin is very popular among young people and non-partisan voters".
The fourth is large-scale purchases by Bitcoin whales. During the last two weeks of April, whales accumulated BTC purchases totaling $4 billion. In the cryptocurrency market, large investors' movements often precede price trends or guide market sentiment in a similar direction. Experts assessed that such large-scale buying could provide psychological support for individual investors and institutions, potentially realizing Bitcoin's $100,000 challenge in May.
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