Bitcoin Trades Near $75K as ETFs and On-Chain Accumulation Rise
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BTC trading near $74,900 (up ~6% week), briefly touched $76,000; US spot Bitcoin ETFs recorded $186M inflows on April 15 and BlackRock IBIT saw $292M in a single day, with ETH/SOL/XRP ETFs adding $67.85M/$5.36M/$17.11M — institutional crypto adoption rising. On-chain accumulation: 23,566 BTC net outflow from exchanges (~$1.75B) over 7 days; daily Bitcoin transactions hit 765,130 (17-month high) and network fees rose to $153,700 (+4%). Market risk: open interest rose from $21.2B to $25.3B, indicating increased leverage and higher liquidation risk for derivatives markets (potential volatility for DeFi/DEX/CEX activity).
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- BTC holds near $75K with strong ETF inflows, but price fails to clear resistance.
- Bitcoin net outflow hits 23,566 BTC (~$1.75B) in 7 days, signaling accumulation.
- Open interest rises from $21.2B to $25.3B, signaling rising leverage and higher liquidation risk.
Bitcoin is trading at $74,900 at press time, up nearly 6% on the week, after briefly touching $76,000 before pulling back. The move comes as US spot Bitcoin ETFs recorded $186 million in inflows on April 15, with BlackRock’s IBIT alone seeing $292 million in a single day. While Ethereum, SOL, and XRP ETFs added $67.85 million, $5.36 million, and $17.11 million, respectively. This shows institutional demand remains active.
On-chain activity is rising alongside price. Daily Bitcoin transactions hit 765,130, a 17-month high, while network fees increased 4% to $153,700. Despite this, the price remains capped b…
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Coins
$ 67.61K
-4.83%
$ 1.90K
-4.45%
$ 1.22
-5.19%
$ 75.57
-6.19%1654073624197.png)
$ 75.24
-6.47%Funds
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In This News
Coins
$ 67.61K
-4.83%$ 1.90K
-4.45%$ 1.22
-5.19%$ 75.57
-6.19%$ 75.24
-6.47%Funds
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