Bitcoin price surged to near $95,000 from April 20 to April 26, showing resilience and gaining 11%. The increase was attributed to easing import tariffs signals and strong corporate earnings reports. A record $3.1 billion in net inflows to spot Bitcoin ETFs also boosted investor confidence. However, a bearish momentum in a key BTC derivatives indicator raised doubts about the $100,000 target. Retail traders favored perpetual Bitcoin futures contracts due to their close tracking of the spot market. Negative funding rates on April 26 during a bull market were uncommon, indicating demand from sellers, leading to liquidations of over $450 million in BTC short positions since April 21. Bitcoin’s decoupling from the S&P 500, with a 30-day correlation of 29%, showed its independence as an asset. Gold’s failure to sustain bullish momentum after reaching $3,500 on April 22 also impacted Bitcoin’s status as an independent asset class. The two-month Bitcoin futures premium rose to 6.5% on April 26, indicating increased interest in bullish positions. Despite retail traders’ caution, institutional accumulation could drive Bitcoin above $100,000 soon. The article provides general information and not investment advice, reflecting the author’s opinions and not necessarily those of Cointelegraph.