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Bitcoin (BTC) continues to trade above $80,000 for a week, strengthening the bullish case. This comes amid strong ETF inflows and improved technical indicators. At the press time, BTC trades at $81,070.68 with 0.34% increase in the last 24 hours.
BTC's recent stability is largely caused by institutional demand. According to SoSoValue, US spot Bitcoin ETFs recorded about $1.9 billion in net inflows during April, marking the strongest month since October 2025. The inflows pushed year-to-date flows back into positive territory, while cumulative inflows since the products launched in 2024 now stand near $58 billion.
Those funds collectively hold over 1.3 million BTC, which is a notable reduction in liquidity on exchanges.
Bitcoin ETFs also had nine straight days of net inflows until early May, when they collected around $2.7 billion. During this time, analysts estimate that 33,000-35,000 BTC have been removed from the marketable supply.
CryptoQuant analyst CW8900 says Bitcoin's Market Value to Realized Value (MVRV) ratio is closing in on a ‘golden cross' that has historically been correlated with significant rallies in the past.
“This signal is a representative trend reversal signal; it is a bullish signal,” CW8900 said.
In the past, the previous golden crosses have led to significant rallies in BTC, including the recovery of Bitcoin from around $16,300 to above $31,000 in early 2023.
The market is also keeping an eye on Bitcoin's 200-day Exponential Moving Average (EMA), which is hovering around $82,900, and continues to serve as a significant resistance level.
The Senate Banking Committee prepares for the markup of a comprehensive piece of legislation to define the jurisdiction of the SEC and CFTC over the crypto market, the CLARITY Act.
Some crypto companies, such as Coinbase, have backed the law, while banking associations are pressing back against parts of the stablecoin framework.
Bitcoin continues to have a bullish tone as it remains above both the 50- and 100-day Exponential Moving Averages (EMAs), setting up a bullish crossover, while the asset remains below the longer-term 200-day EMA at approximately $82,894, which acts as the next hurdle.
The Relative Strength Index (RSI) stands at 61, while a slightly positive Moving Average Convergence Divergence (MACD) suggests buyers are still in control, but momentum has slowed.
On the upside, near-term resistance is found at the 200-day EMA at $82,894, and a sustained close above this would open the way for another uptrend.
On the downside, initial support is seen near the 100-day EMA at $76,782 and the 50-day EMA at $76,256, while the zone around $69,847 serves as a key structural floor.
Holding above the $80,000 level for an extended period indicates strong buyer demand and improving market confidence. Analysts believe sustained price stability above key support zones could strengthen the possibility of a larger breakout.
Spot Bitcoin ETFs are bringing significant institutional capital into the crypto market. According to recent data, ETFs have absorbed billions of dollars in inflows and removed thousands of BTC from exchange supply, tightening market liquidity.
The MVRV golden cross occurs when Bitcoin’s Market Value to Realized Value ratio crosses above a major moving average. Historically, this signal has often appeared before strong upward price rallies and broader bullish market trends.
The $82,900 zone aligns with Bitcoin’s 200-day Exponential Moving Average (EMA), which is acting as a major resistance level. A sustained breakout above this area could open the door toward higher targets near $85,000 and beyond.
The CLARITY Act aims to define regulatory responsibilities between the SEC and CFTC for digital assets. Investors view clearer regulations as a positive step that could encourage more institutional adoption and long-term market growth.
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