Bitcoin ETFs: Absorb 18,991 BTC | Flash News Detail | Blockchain.News
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4/24/2026 7:20:00 AM

Bitcoin ETFs: Absorb 18,991 BTC

Bitcoin ETFs: Absorb 18,991 BTC

US spot Bitcoin ETFs snapped up 18,991 BTC in 5 days, outpacing new supply by 9x, signaling strong demand amid BTC price prediction trends.

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US spot Bitcoin ETFs just vacuumed up 18,991 BTC over the past five trading days, dwarfing the new supply minted in that stretch by a factor of nine, according to data from Bitwise. This aggressive absorption highlights institutional hunger driving BTC amid ongoing crypto market trends, reminiscent of the inflow surges we saw in late 2025 that propelled prices toward six figures. Traders eye this as a bullish catalyst, potentially fueling BTC price prediction models forecasting breaks above $80K if demand sustains.

On the 4-hour chart, Bitcoin trades at $77,729 in a clear bullish structure, holding firm above the EMA50 at $76,259 and EMA200 at $72,932 as key long-term supports that have anchored recent rallies. Yet the MACD screams caution with a death cross and a reading of 580.61, hinting at weakening momentum even as RSI sits neutral at 54.27—price dances inside the Bollinger Bands, flirting with upper resistance at $79,757 while lower support at $75,136 looms as a volatility exhaustion zone. Confluence here points to a tactical pullback testing that EMA50 before buyers reload for continuation, especially if ETF flows keep pressuring supply dynamics in this crypto market environment.


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