Bitcoin ETF Inflows, S&P Record Set Tone for BTC and Altcoins
US spot Bitcoin ETFs drew $996M in inflows last week as the S&P 500 hit 7,147; Michael Saylor’s Strategy added 34,164 BTC between April 13–19, an 8‑K filing shows.
U.S. spot Bitcoin exchange-traded funds recorded $996 million in inflows for the seven days through last week, SoSoValue data show. The S&P 500 reached a record 7,147 on Friday, and the U.S. dollar index fell from its 20-day exponential moving average into a trading range for the near term.
An 8-K filing with the Securities and Exchange Commission shows Michael Saylor’s Strategy purchased 34,164 BTC between April 13 and April 19 for $2.54 billion. The filing lists the company’s total holdings at 815,061 BTC acquired for about $61.56 billion.
On daily charts, Bitcoin recovered from the 20-day exponential moving average near $72,832 as buyers stepped in at lower levels. Traders are watching the $76,000–$78,333 band as the first significant overhead resistance. A close above that zone would leave $84,000 and a longer-term pattern target near $92,000 on technical roadmaps; a failure to hold key moving averages would indicate recent breakouts have been rejected.
Ether pulled back from a weekend test of $2,415 and settled near its 20-day EMA around $2,252. Market participants will look for Ether to regain and close above $2,415 to target $2,800. BNB traded in a range between about $570 and $687, with flat moving averages and neutral momentum.
XRP traded between $1.27 and $1.61 and needs a close above its downtrend line to attempt a higher move. Solana fell below its moving averages and faces support near $76. Dogecoin slipped from the $0.10 level toward its moving averages, with $0.09 as the next support. Hyperliquid retraced below a breakout level near $43.76 and is testing its 20-day EMA near $41. Cardano briefly rose above its 50-day simple moving average then fell back below $0.25, with sellers pressing toward $0.23 and $0.22.
Risk factors cited by market participants include geopolitics and overbought conditions on equity charts. Mosaic Asset Company warned that “intensifying hostilities could unwind the bullish action over the past few weeks.” Analysts and traders also noted the S&P 500’s relative strength index entered overbought territory, increasing the chance of a short consolidation.
Market participants are monitoring ETF inflows, corporate treasury purchases, technical levels across Bitcoin and major altcoins, and geopolitical developments.
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