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▲ Bitcoin, Dollar ©CoinReaders
Amidst suppressed geopolitical tensions, astronomical institutional funds have poured into spot funds in just one week, and a giant corporation has surpassed Wall Street titan BlackRock to become the world's largest holder of virtual assets, signaling a massive shift in the market.
According to investment media TradingNews on April 21 (local time), Bitcoin (BTC) is taking a breather around the $75,120 mark, but institutional demand through regulated investment vehicles is exploding. US-listed spot funds recorded a net inflow of $996 million in the week ending April 17, the largest since January 2026. In particular, BlackRock's iShares Bitcoin Trust (IBIT) raked in $284 million on Friday alone, closing at $42.51, and the total cumulative inflow for all spot funds reached $57.98 billion.
The most decisive event that shook the market structure was Strategy (MSTR) surpassing BlackRock to become the institution holding the largest volume worldwide. Strategy, which recently acquired a large additional volume, completely overtook BlackRock. Unlike spot funds distributed among numerous investors, a single company's strategic financial decision can have a direct impact on market prices, creating a new form of concentrated risk and a solid defense mechanism.
Institutional appetite is not limited to the leading assets. Ethereum (ETH) spot funds have recorded a total net inflow of $493.7 million for 8 consecutive days, continuing their longest bullish streak since October 2025. XRP (Ripple) spot funds also achieved net inflows for 7 consecutive days, surpassing a cumulative inflow of $1.28 billion. This is interpreted as a strong signal of institutional adoption spreading across altcoins, coinciding with the Senate Banking Committee's review of the CLARITY Act, a US cryptocurrency market structure bill.
While technical trends are positive, macroeconomic variables are in a tight standoff. The price is attempting to stabilize by holding the 50-day and 100-day exponential moving averages, and the monthly Moving Average Convergence Divergence (MACD) also shows signs of a bullish reversal similar to the beginning of the major bull markets in 2015 and 2019. However, the direction of the truce negotiations with Iran expiring on Wednesday and concerns about rising Treasury yields due to hawkish remarks by Federal Reserve Governor nominee Kevin Warsh are key minefields that could maximize short-term price volatility.
In conclusion, large capital is utilizing the current sideways market as an excellent strategic accumulation opportunity. If geopolitical crises are extended within a peaceful framework and macroeconomic pressures ease, prices have the potential to surge, breaking through key resistance levels. Conversely, if the worst-case scenario unfolds, there is also a risk of retreating to major support levels. Therefore, a strategy of thorough risk management while closely monitoring market direction until macroeconomic events are resolved is effective.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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