Bitcoin’s April rally exposed a clear mismatch between its price action and ETF behavior. The crypto’s price climbed towards $79K on 22 April, while ETF flows dropped sharply to about -$1.845 billion. This divergence suggested that institutions sold strength and did not support the move.
As the price peaked, it slipped towards $78K on the charts, signaling weak momentum as leveraged positions unwound across the board. Traders took profits while new buyers held back at higher levels, reducing follow-through strength.
On 23 April, ETF inflows rebounded above $1 billion, helping stabilize the price. However, this late demand revealed that participants reacted to price moves instead of shaping them, reflecting…
