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.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/117936"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=117936"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/117936\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=117936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=117936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=117936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}