Will Bitcoin Explode Higher? $4.2B BlackRock ETF Volume Signals Incoming Surge
Bitcoin’s latest price surge is being driven by one clear catalyst: institutional buying power. On April 23, BlackRock’s spot Bitcoin ETF (IBIT) recorded a jaw-dropping $4.2 billion in daily trading volume—its highest ever. Over 81 million shares exchanged hands, closing at $52.08.
That kind of volume isn’t noise—it’s a signal. It marks IBIT as a leading indicator of institutional sentiment and solidifies its role as a key gateway for traditional investors entering the crypto space.
— HODL15Capital
4/22 thread tracking U.S.
Bitcoin ETF inflows/outflows
pic.twitter.com/pA9raDU8pu
Bitcoin’s price surged to $93,800—its highest in nearly a month—on the back of this action, after briefly dipping near $91,700 earlier in the session. The wave of volume extended to other major ETFs too:
- Fidelity’s FBTC: $425M
- Grayscale’s GBTC: $251M
- Ark’s ARKB: $170M
- Bitwise’s BITB: $120M
And that’s before net inflows are even tallied.
Corporate Bitcoin Adoption Adds Fuel to the Rally
It’s not just ETFs lifting the tide. Corporate treasuries are moving in step, and the inflows are starting to look structural.
- MicroStrategy, led by Bitcoin evangelist Michael Saylor, now holds over 200,000 BTC after its latest 6,556-coin purchase.
- Semler Scientific recently passed the 1,100 BTC mark and has filed to raise another $500 million to deepen its Bitcoin exposure.
- GameStop just launched “Project Rocket,” with plans to deploy $1.5 billion into Bitcoin from its balance sheet.
These aren’t headlines for show—they’re reshaping Bitcoin’s long-term supply dynamics. As more coins move into corporate custody or cold storage, the available float continues to shrink, magnifying every demand-side impulse.
Bitcoin Technical Setup: Breakout or Pause? Bulls Eye $99,500
From a chart perspective, Bitcoin is coiling beneath key resistance at $95,150. Price action remains bullish and well-supported by:
- An ascending trendline
- The rising 50-period EMA, currently at $87,200
- A steadily positive MACD histogram with upside momentum
This is a textbook continuation setup. If price clears $95,150 with volume, the next zones to watch are $97,400 and $99,500—just shy of six figures.
Bitcoin Trade Setup
- Buy Breakout: Above $95,150 with strong volume confirmation
- Buy Dip: If BTC bounces from $92,700 and shows bullish structure
- Targets: $97,400 and $99,500
- Stop Loss: Below $90,700
Quick Levels to Watch:
- Current Price: $93,800
- Support: $92,700
- Resistance: $95,150
- Trend: Bullish
- Momentum: Institutional-backed
Bottom Line
With BlackRock’s IBIT breaking records and corporate treasuries aggressively stacking BTC, Bitcoin’s narrative is rapidly shifting from speculative asset to strategic allocation. The price is inching closer to a critical breakout zone—and if $95,150 gives way, the run to $99,500 could materialize faster than many expect.
While Bitcoin continues to dominate institutional headlines, innovation in the Solana ecosystem is quietly heating up—with one Layer-2 project leading the charge.
Solana’s First L2? Solaxy Hits $31M as Presale Nears Milestone
Solaxy (SOLX) is positioning itself as Solana’s first major Layer-2 protocol—addressing long-standing scalability gaps in a network often strained by sudden surges in meme coin trading. Unlike typical projects, Solaxy offers real throughput upgrades: off-chain processing, reduced congestion, and significantly lower transaction fees.
By bundling transactions before submitting them to Solana’s mainnet, Solaxy reduces load while maintaining security. A cross-chain bridge with Ethereum adds flexibility, letting users move assets across ecosystems without friction—positioning Solaxy as an infrastructure layer for multi-chain applications.
Presale Update
The project’s presale has now surpassed $31.27 million, edging toward its $31.98 million goal. With next price adjustment coming soon, SOLX is currently offered at $0.001702—up from $0.0016.
Security is a focus as well. The protocol has already passed a full audit by Coinsult, helping establish baseline trust as interest builds. With over 60,000 followers on X and a growing Telegram base, Solaxy is attracting early buyers ahead of its next price move.
The post Will Bitcoin Explode Higher? $4.2B BlackRock ETF Volume Signals Incoming Surge appeared first on Cryptonews.
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Will Bitcoin Explode Higher? $4.2B BlackRock ETF Volume Signals Incoming Surge
Bitcoin’s latest price surge is being driven by one clear catalyst: institutional buying power. On April 23, BlackRock’s spot Bitcoin ETF (IBIT) recorded a jaw-dropping $4.2 billion in daily trading volume—its highest ever. Over 81 million shares exchanged hands, closing at $52.08.
That kind of volume isn’t noise—it’s a signal. It marks IBIT as a leading indicator of institutional sentiment and solidifies its role as a key gateway for traditional investors entering the crypto space.
— HODL15Capital
Bitcoin’s price surged to $93,800—its highest in nearly a month—on the back of this action, after briefly dipping near $91,700 earlier in the session. The wave of volume extended to other major ETFs too:
- Fidelity’s FBTC: $425M
- Grayscale’s GBTC: $251M
- Ark’s ARKB: $170M
- Bitwise’s BITB: $120M
And that’s before net inflows are even tallied.
Corporate Bitcoin Adoption Adds Fuel to the Rally
It’s not just ETFs lifting the tide. Corporate treasuries are moving in step, and the inflows are starting to look structural.
- MicroStrategy, led by Bitcoin evangelist Michael Saylor, now holds over 200,000 BTC after its latest 6,556-coin purchase.
- Semler Scientific recently passed the 1,100 BTC mark and has filed to raise another $500 million to deepen its Bitcoin exposure.
- GameStop just launched “Project Rocket,” with plans to deploy $1.5 billion into Bitcoin from its balance sheet.
These aren’t headlines for show—they’re reshaping Bitcoin’s long-term supply dynamics. As more coins move into corporate custody or cold storage, the available float continues to shrink, magnifying every demand-side impulse.
Bitcoin Technical Setup: Breakout or Pause? Bulls Eye $99,500
From a chart perspective, Bitcoin is coiling beneath key resistance at $95,150. Price action remains bullish and well-supported by:
- An ascending trendline
- The rising 50-period EMA, currently at $87,200
- A steadily positive MACD histogram with upside momentum
This is a textbook continuation setup. If price clears $95,150 with volume, the next zones to watch are $97,400 and $99,500—just shy of six figures.
Bitcoin Trade Setup
- Buy Breakout: Above $95,150 with strong volume confirmation
- Buy Dip: If BTC bounces from $92,700 and shows bullish structure
- Targets: $97,400 and $99,500
- Stop Loss: Below $90,700
Quick Levels to Watch:
- Current Price: $93,800
- Support: $92,700
- Resistance: $95,150
- Trend: Bullish
- Momentum: Institutional-backed
Bottom Line
With BlackRock’s IBIT breaking records and corporate treasuries aggressively stacking BTC, Bitcoin’s narrative is rapidly shifting from speculative asset to strategic allocation. The price is inching closer to a critical breakout zone—and if $95,150 gives way, the run to $99,500 could materialize faster than many expect.
While Bitcoin continues to dominate institutional headlines, innovation in the Solana ecosystem is quietly heating up—with one Layer-2 project leading the charge.
Solana’s First L2? Solaxy Hits $31M as Presale Nears Milestone
Solaxy (SOLX) is positioning itself as Solana’s first major Layer-2 protocol—addressing long-standing scalability gaps in a network often strained by sudden surges in meme coin trading. Unlike typical projects, Solaxy offers real throughput upgrades: off-chain processing, reduced congestion, and significantly lower transaction fees.
By bundling transactions before submitting them to Solana’s mainnet, Solaxy reduces load while maintaining security. A cross-chain bridge with Ethereum adds flexibility, letting users move assets across ecosystems without friction—positioning Solaxy as an infrastructure layer for multi-chain applications.
Presale Update
The project’s presale has now surpassed $31.27 million, edging toward its $31.98 million goal. With next price adjustment coming soon, SOLX is currently offered at $0.001702—up from $0.0016.
Security is a focus as well. The protocol has already passed a full audit by Coinsult, helping establish baseline trust as interest builds. With over 60,000 followers on X and a growing Telegram base, Solaxy is attracting early buyers ahead of its next price move.
The post Will Bitcoin Explode Higher? $4.2B BlackRock ETF Volume Signals Incoming Surge appeared first on Cryptonews.
Read More