As Bitcoin (BTC) attempts to reclaim a crucial level as support, spot exchange-traded funds (ETFs) based on the flagship cryptocurrency have registered their best performance since the October market crash.
Bitcoin ETFs ‘Back In The High Life’US spot Bitcoin ETFs extended their positive streak to eight days after pulling in $223.2 million on Thursday, signaling strong demand for the investment products as the crypto market recovers.
In the weekly and monthly timeframes, Bitcoin ETFs are currently recording their best performance of 2026, tying March’s four-week streak but nearly doubling the monthly inflows, with $2.43 billion in April so far and four more days to go.
“Every single rolling period we track is now positive, haven’t seen that in months (IBIT’s $3b is in Top 1% of all ETFs). Still tho, need a couple bil more to get back to breaking new ground in cumulative lifetime flows (62.8b),” he wrote on X.
All Eyes On BTC’s Weekly CloseNotably, BTC’s 21-week Exponential Moving Average (EMA), located around $78,000, remains an important resistance level as the cryptocurrency has been unable to reclaim it on the weekly timeframe.
“If BTC Weekly Closes above the 21-week EMA, then it would be worth watching for whether the EMA can be reclaimed as support,” the analyst affirmed, adding that level tends to serve as resistance in bear markets.
Historically, Bitcoin has not been able to reclaim a macro triangle during a bear market once the price breaks down. If this trend continues, the analyst warned, then the flagship crypto could see limited additional upside toward the pattern’s base before resuming its correction toward the market bottom.
