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▲ Bitcoin, Dollar ©CoinReaders
Even amidst suppressed geopolitical tensions, an astronomical amount of institutional capital has poured into spot funds in just one week, and one giant corporation has pushed aside Wall Street tiger BlackRock to become the world's largest holder of virtual assets, signaling a massive seismic shift in the market.
According to investment media TradingNews on April 21 (local time), Bitcoin (BTC) is taking a breather around the $75,120 mark, but institutional demand through mainstream investment vehicles is exploding. US-listed spot funds recorded a net inflow of $996 million in the week ending April 17, the largest since January 2026. In particular, BlackRock's iShares Bitcoin Trust (IBIT) swept up $284 million on Friday alone, closing trading at $42.51, and the cumulative inflow for all spot funds reached $57.98 billion.
The most decisive event that shook the market structure was MicroStrategy (MSTR) surpassing BlackRock to become the institution holding the largest volume of assets worldwide. MicroStrategy, which recently acquired a large additional volume, has completely overtaken BlackRock. Unlike spot funds distributed among numerous investors, this represents a new form of concentrated risk, where a single company's strategic financial decisions can have a direct impact on market prices, while also forming a solid defense.
Institutional appetite is not limited to leading cryptocurrencies. Ethereum (ETH) spot funds have recorded a total net inflow of $493.7 million for 8 consecutive days, marking their longest bullish streak since October 2025. XRP (Ripple) spot funds also achieved net inflows for 7 consecutive days, surpassing a cumulative inflow of $1.28 billion. This is interpreted as a strong signal of institutional adoption spreading across altcoins, coinciding with the Senate Banking Committee's review of the CLARITY Act, a US cryptocurrency market structure bill.
While technical trends are positive, macroeconomic variables are tightly contested. Prices are attempting to stabilize by holding above the 50-day and 100-day exponential moving averages, and the monthly Moving Average Convergence Divergence (MACD) is also showing signs of a bullish reversal similar to the early stages of major bull markets in 2015 and 2019. However, the outcome of ceasefire negotiations with Iran expiring on Wednesday and concerns about rising treasury yields due to hawkish remarks from Federal Reserve Governor nominee Kevin Warsh are key minefields that could maximize short-term price volatility.
In conclusion, large capital is utilizing the current sideways market as an excellent strategic accumulation opportunity. If geopolitical crises extend into a peaceful framework and macroeconomic pressures ease, prices have the potential to surge, breaking through major resistance levels. Conversely, if the worst-case scenario unfolds, there is also a risk of retreating to major support levels. Therefore, a strategy of combining thorough risk management with observing market direction until macroeconomic events are resolved remains valid.
*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*
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