Bitcoin Breaks $94,000 Barrier as Institutional Demand and Macro Optimism Fuel Rally

Bitcoin has surged past the $94,000 mark, driven by growing institutional demand and positive macroeconomic developments. Recent data from Glassnode indicates that 87.3% of Bitcoin’s supply is now in profit, up from 82.7% in March, reflecting a bullish shift in investor sentiment. Additionally, Bitcoin ETFs have recorded $1.83 billion in net inflows over just two days, highlighting strong institutional interest. The Short-term Holders Profit/Loss Ratio has also reached neutral levels at 1.0, further signaling market stability and potential for continued growth. This rally underscores Bitcoin’s resilience and its increasing adoption as a mainstream financial asset.

Bitcoin Surges Past $94,000 Amid Macro Optimism and Institutional Demand

Bitcoin rallied above $94,000 as positive developments in the US-China trade war fueled market optimism. Glassnode data shows 87.3% of BTC’s supply is now in profit, up from 82.7% in March, signaling a bullish shift in investor sentiment.

Institutional demand surged, with bitcoin ETFs recording $1.83 billion in net inflows over two days. The Short-term Holders Profit/Loss Ratio reached neutral levels at 1.0, indicating a move away from bearish territory.

ARK Invest Raises 2030 Bitcoin Price Target to $2.4 Million in Bull Case

ARK Invest has significantly upgraded its Bitcoin price forecast, now projecting a bull case of $2.4 million per BTC by 2030—a 60% increase from its previous $1.5 million target. The asset manager attributes this revision to accelerating institutional adoption and Bitcoin’s hardening reputation as ’digital gold.’

In its Big Ideas 2025 report, ARK outlined three scenarios: a bear case at $500,000 (up from $300,000), base case at $1.2 million (from $700,000), and the new $2.4 million bull case. These adjustments reflect growing confidence in Bitcoin’s store-of-value proposition amid macroeconomic uncertainty.

Bitcoin Whales Return to Market with Aggressive Accumulation

Large Bitcoin investors have re-entered the market with conviction, according to on-chain data from Glassnode. The analytics firm’s Accumulation Trend Score indicates sustained buying pressure from mega whales during the recent price rally.

Wallet-weighted metrics show entities holding significant BTC balances are accumulating at levels not seen since previous bull cycles. This cohort’s activity now dominates network flows, with scores consistently above the 0.5 threshold that distinguishes net accumulation from distribution.

Michael Saylor Predicts BlackRock’s Bitcoin ETF to Become World’s Largest

MicroStrategy’s Michael Saylor has declared BlackRock’s Bitcoin ETF (IBIT) as the future leader of the global ETF market. Launched on January 11, 2024, IBIT has already amassed over $53 billion in net assets, achieving the fastest growth trajectory in ETF history by reaching $10 billion within seven weeks.

The fund demonstrated remarkable resilience with a 37.31% one-year return as of April 22, followed by $643.16 million in new inflows the next day—despite ongoing cryptocurrency market volatility. Saylor positions Bitcoin as the new cornerstone of corporate treasury strategy, arguing that traditional cash reserves are fundamentally unstable long-term stores of value.

"Bitcoin is better than cash," Saylor asserted, framing the cryptocurrency as an inflation-resistant monetary innovation that forward-looking companies are increasingly adopting. The demand for Bitcoin-backed financial products continues to surge as institutional investors seek alternatives to fiat currency exposure.

US Investors Drive Bitcoin Rebound as Market Sentiment Shifts

American institutional buyers are leading a structural recovery in cryptocurrency markets, with Bitcoin showing the first signs of sustained demand since its April downturn. Whale accumulation patterns on Binance now correlate with subsequent buying activity on Coinbase—a telltale indicator of US-led market momentum.

The Coinbase premium remains consistently positive, confirming stronger bid pressure from US investors compared to other regions. This two-tiered accumulation pattern—whales triggering rebounds on global exchanges, followed by institutional confirmation stateside—suggests deepening market conviction rather than speculative trading.

Bitcoin Hashrate Retreats as Miners Scale Back April Expansion

Bitcoin’s hashrate has sharply declined over the past week, reversing its upward trajectory from recent weeks. The metric, which measures the total computational power dedicated to securing the Bitcoin network, serves as a barometer for miner sentiment. A sustained drop suggests reduced profitability or operational adjustments among miners.

The hashrate’s retreat follows a period of aggressive expansion, with miners now appearing to consolidate resources. Such fluctuations often precede shifts in mining difficulty or changes in energy market dynamics—key variables for an industry where margins are measured in satoshis per kilowatt-hour.