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Bitcoin price has made a bold uptrend this week as it reclaims $90,000 for the first time in nearly two months. This rally has been attributed to a wide range of factors, including rising inflows to spot BTC ETFs, but one analyst has said that this pump might not last as it is simply driven by leverage. Other analysts have also attributed the gains to macro factors like the declining value of the US dollar.

Why This Bitcoin Price Rally May Be Fake 

Bitcoin price is currently approaching its highest level in two months despite growing skepticism among some analysts that this rally might reach exhaustion. Per analyst Maartunn on X, this rally was a “leverage-driven Easter pump” after Bitcoin recently added more than $2 billion in open interest within 24 hours. 

The rising open interest is also seen on Coinglass data after this metric hit $60 billion, which is the highest level in two months. Another analyst known as TXMC observed that the rapid surge in OI indicates that the ongoing BTC price rally might fade. He opined, 

“If Bitcoin ever breaks away into a bona fide decoupling from other risk assets, it won’t be fueled by over $1.5B worth of leveraged futures longs opening in a 24-hour period.” 

Besides the rising BTC’s open interest, TXMC added that this rally is also stemming from the weakening value of the US dollar. The US dollar index has plunged to its lowest level in more than three years amid the ongoing tariff war, and this is benefiting the Bitcoin price. He said,

“Bitcoin priced in dollars is about 7-8% higher than Bitcoin priced in other major currencies, relative to the Jan 20 top.”

The third reason behind the rising BTC value today is the rising inflows to spot BTC ETFs, suggesting that institutions are also buying into the ongoing rally. Data from SoSoValue shows that on April 21, inflows to these products reached $381M, marking the highest level since late January. 

Will BTC Price Crash to $80,000? 

Despite the ongoing concerns about a possible correction in Bitcoin price after the recent rally, the king coin might avoid a crash to $80,000 due to bullish technical indicators and macroeconomic conditions. 

Analyst MerlijnTrader on X shared a bullish Bitcoin price prediction on X after the coin formed a classic double bottom pattern, which often precedes significant upswings. He noted that BTC might drop to test support at the neckline of $86,900 in the near term before resuming the uptrend and possibly flip $100,000.

At the same time, trader DaanCrypto noted that Bitcoin can extend the rally if it makes a decisive daily close above the psychological price level of $90,000. However, if it fails to flip the 200-day MA and the trend reverses to cause a downtrend below the support at $85,000, it could crash to $80,000.

Meanwhile, BitMEX co-founder Arthur Hayes noted that as the US dollar weakens, the US bond market will be in a crisis. This will also attract capital inflow to BTC and support the uptrend as investors choose to abandon the greenback for assets such as crypto and gold.

Therefore, amid these factors, it is likely that the Bitcoin price might avoid a crash to $80,000 in the near term. However, if it faces rejection at $90,000, it might drop to test the support level of $85,000 and consolidate within this range if the selling pressure eases. 

The post Why This Bitcoin Price Rally Might Be Fake – Is Crash to $80K Coming Soon? appeared first on CoinGape.

The Binance spot market data shows that buyers are finally outpacing sellers for the first time in months. Notably, the shift is catching attention across the crypto market as Bitcoin holds strong above key price levels. As the biggest trading platform, the change in volume might have a major impact on the outlook of Bitcoin and the altcoin. 

The Binance CVD Analysis

Data from CryptoQuant disclosed that the Cumulative Volume Delta (CVD) of crypto exchange Binance has been trending upward since Bitcoin dropped to around $75,000. According to the update, this metric tracks the net difference between buying and selling orders. 

Analyst Joao Wedson shared charts showing that while the Binance CVD has turned positive, other exchanges like OKX, Bybit, HTX Global, BitMEX, and Deribit still show declines.

Binance Spot Buying Volume Rises Above Selling Volume for the First Time in Six Months

For the first time in six months, spot buying volume on Binance is rising again relative to selling volume.

Since the $75k USD bottom, the CVD (Cumulative Volume Delta) has been trending… pic.twitter.com/8c3j34xMzW

— Joao Wedson (@joao_wedson) April 28, 2025

It is worth noting that this marks a break from the pattern seen since 2021, when positive growth on Binance had been rare. Based on the current market outlook, the rise in CVD aligns with the Bitcoin price surge toward $94,000 by late April. 

Joao Wedson also emphasized that a rising CVD shows more substantial buying pressure and growing confidence among traders. He advised monitoring this trend closely as it offers valuable insights into risk appetite on the exchange.

Is Demand Rising for Bitcoin?

Beyond Binance, several other signs suggest that demand for the largest digital asset, Bitcoin, is gaining momentum. 

According to CoinShares, digital asset investment products from top asset management companies recorded $3.4 billion in inflows over the past week. 

CoinGape reported that BTC inflow topped $3 billion. Ethereum also posted inflows of $183 million after weeks of outflows. If anything, this shows a renewed interest of investors in acquiring and trading major cryptocurrencies.

Reports indicate that corporate interest in Bitcoin is heating up. Strategy Inc’s recent purchase of 15,355 Bitcoin for $1.42 billion further signals strong institutional demand. Whales have also been active, with a major buyer acquiring $110 million of Bitcoin and Ethereum via over-the-counter transactions.

Drawing on these trends, Presto executive Peter Chung reaffirmed a $210,000 Bitcoin price target for 2025. The forecast highlights institutional adoption and global liquidity growth as key drivers.

Key Market Trends to Watch

While Bitcoin might be the biggest asset in the spotlight, other key market trends could also shape the overall health of the industry. The demand for SEC approvals of digital asset ETFs remains on the agenda. Recently, the SEC approved the first XRP futures-based ETF with sizable volume scored in 30 minutes. 

Also, beyond Binance, market data shows that Bitcoin whales and sharks are active, while bullish on-chain metrics further support the positive outlook. 

CoinMarketCap data shows that Bitcoin’s price was trading at around $94,011.77 as of this writing. It has inked a 1.16% growth in the last 24 hours, and trading volume has also risen 71.62% over the same period. The confluence of metrics suggests more uptick is likely.

The post Binance Spot Volume Faces Positive Buy-Sell Imbalance, Is Demand for Bitcoin Rising? appeared first on CoinGape.