Bitcoin exchange-traded funds (ETFs) in the US recorded massive inflows of more than $3 billion last week.
This performance marks one of the strongest weeks for Bitcoin ETFs in 2025, driven by the recovering BTC price and renewed interest from institutional investors.
Bitcoin ETFs Post Strongest Six-Day Inflow Streak
According to SoSoValue, the 11 spot Bitcoin ETFs recorded a combined inflow of approximately $3.06 billion over six consecutive trading sessions.
This wave of investment ranks as the second-largest net inflow on record for Bitcoin ETFs, highlighting increasing demand for crypto-focused financial products.
The largest inflows were seen on April 22 and April 23, when daily figures reached $936 million and $916 million, respectively. Analysts noted that these were among the best single-day performances since Donald Trump returned to the White House earlier this year.
US Bitcoin ETFs Six-Day Inflow Streak. Source: SoSoValue
The wave of investment lifted the total assets under management (AUM) for Bitcoin ETFs to $109 billion. BlackRock’s iShares Bitcoin Trust (IBIT) continues leading the market, now managing more than $56 billion. This accounts for roughly 3% of Bitcoin’s circulating supply.
Moreover, analysts from The Kobeissi Letter suggest that Bitcoin’s decoupling from macro assets has supported its price rebound. Since dipping under $75,000 on April 7, BTC’s price has surged by more than 25% and is now trading above $94,000.
“As global money printing continues so will Bitcoin’s price appreciation. The value of paper money is backed by nothing more than debt, and that debt has been running out of control for quite some time. Bitcoin is the solution to our broken monetary system,” Mark Wlosinski, a crypto analyst, said.
Looking forward, David Puell, an analyst at ARK Invest, remains highly optimistic about the top crypto.
Coinstore, a leading global cryptocurrency exchange, has announced its participation in TOKEN2049 Dubai, one of the world’s premier crypto and Web3 industry gatherings taking place from April 30 to May 1, 2025. Beyond the booth, Coinstore will host an exclusive Brand Conference and Afterparty, bringing together partners, community leaders, influencers, and media representatives from across the global Crypto ecosystem.
On April 29, 2025, from 10:00 AM to 6:00 PM, Coinstore will host its “CONNECT & INNOVATE” conference at the DUKES THE PALM HOTEL in Dubai. The event will bring together global Web3 industry leaders, top investment institutions, innovative project teams, and technical developers to explore the future potential and collaborative opportunities in the crypto industry.
The conference will feature 10 keynote speeches from renowned Web3 thought leaders covering industry trends, technological evolution, and ecosystem development, alongside 5 panel discussions focusing on hot topics like AI+Crypto, RWA, DeFi, and infrastructure development.
With over 200 industry participants from exchanges, investment institutions, developers, and project teams expected to attend, the event will be simultaneously livestreamed on YouTube to maximize global reach and supported by more than 50 mainstream media outlets for multichannel, multilingual distribution.
As an integral part of its Dubai tour, Coinstore will establish a distinctive booth at the TOKEN2049 main venue (P39, Madinat Jumeirah) from April 29 to May 1. The booth design incorporates creative bar and mixology elements, cleverly conveying the platform’s openness, liquidity, and user-friendly attributes while providing visitors with an immersive crypto experience.
Gilded Mirage Afterparty
As the grand finale of our Dubai expedition, Coinstore is hosting the Gilded Mirage afterparty on May 1, 2025, from 5:00 PM to 8:00 PM at the Twenty Three Rooftop Bar.
This meticulously planned event offers attendees a networking platform that transcends conventional conference formats. Against the backdrop of the city’s night skyline, participants can engage in natural conversations with Coinstore’s leadership team, global investment firm representatives, and key industry figures in a relaxed and pleasant atmosphere. The setting encourages the exchange of ideas and exploration of collaborative opportunities.
This rare occasion allows you to expand your professional network and deepen industry partnerships while unwinding in an elegant setting.
“Dubai has established itself as a crypto-friendly hub with forward-thinking regulations,” added Johnson, CEO at Coinstore. “TOKEN2049 provides the perfect backdrop for us to showcase our platform innovations and strengthen relationships with partners who share our vision of a more open and accessible financial future.”
The event’s co-organizers include KIOS, SCROLL, and Genezys. with DUX as the Diamond Sponsor.Gold Sponsors include BID, USA, Global Dollar, Opt Blockchain, OZK, IRON, ZELF, DEBC, MIST, TQF, TELcoin, Intelace, and ETHI.
With special thanks to Yido Labs, RWA, NOW, and IVT.
Media coverage for the event is supported by partners including MetaEra, PA News, Techflow, Droom Droonmom, The News Crypto, Coinedition, Coin Gabbar, Lacademy, Geekmetaverse, All Confs, Voice Of Crypto, 36Crypto, and others.
About Coinstore
Accessibility. Security. Equity.
As a leading global platform for cryptocurrency and blockchain technology, Coinstore seeks to build an ecosystem that grants everyone access to digital assets and blockchain technology. With over 10 million users worldwide, more than 1,100 listed tokens including 100+ premium digital assets. Coinstore is dedicated to providing secure, professional, and accessible digital asset trading service.
As a pioneer in Launchpad, Coinstore’s Launchpad have shown remarkable performance, with an average ROI of prime exceeding 1,200%. Coinstore, the first choice for the initial launch.
Pi Network (PI) has been consolidating after hitting new highs in late February, with technical indicators showing mixed signals. The DMI chart suggests that sellers are attempting to maintain control, as the +DI has dropped while the -DI is rising, signaling increasing bearish momentum.
Meanwhile, the RSI remains neutral, fluctuating between 45 and 55, indicating a lack of strong directional movement. If a strong uptrend emerges, PI could break above $2 and potentially test $3, but downside risks remain, especially with the upcoming unlock of 188 million tokens this month.
Pi Network DMI Shows Sellers Are Trying To Keep Control
Pi Network’s DMI chart shows that its ADX has dropped to 11.5, down from 17.7 the previous day.
The Average Directional Index (ADX) measures trend strength on a scale from 0 to 100, with values below 20 indicating a weak trend and readings above 25 suggesting a strong trend.
A declining ADX suggests that the current trend, whether bullish or bearish, is losing momentum and is less likely to continue in the short term.
At the same time, PI +DI has fallen to 19.3 from 24.5, while -DI has risen to 20.1 from 16.1. This shift indicates that bearish momentum is increasing as selling pressure overtakes buying pressure.
For a bullish reversal, +DI would need to reclaim dominance over -DI alongside an ADX increase, confirming a stronger trend direction.
PI RSI Has Been Neutral For 8 Days
Pi Network’s RSI is currently at 46.9, maintaining a neutral stance since February 27 and fluctuating between 45 and 55 for the past three days.
The Relative Strength Index (RSI) is a momentum indicator that measures the speed and magnitude of price movements on a scale from 0 to 100.
Readings above 70 indicate overbought conditions, suggesting a potential pullback, while readings below 30 signal oversold conditions, hinting at a possible rebound. A neutral RSI between 45 and 55 typically reflects a lack of strong momentum in either direction.
With PI RSI sitting at 46.9, the market appears indecisive, lacking clear bullish or bearish momentum. This suggests that Pi Network’s price may remain range-bound unless a significant shift in buying or selling pressure occurs.
For a stronger bullish outlook, the RSI would need to break above 55, signaling increasing buying interest, while a drop below 45 could indicate growing bearish momentum, potentially leading to further price declines.
Consolidation periods often indicate a temporary pause in price movement as traders assess the next direction, with the potential for either a continuation of the previous trend or a reversal.
If buying pressure returns and Pi Network resumes its uptrend, it could first test resistance around $2. A breakout above this level, combined with strong momentum, could push Pi toward $3 and even higher, marking new all-time highs.
However, if the uptrend fails to materialize and selling pressure increases, PI price could enter a corrective phase. In this scenario, the price could decline toward $1.51. Its next price movements could be driven by its 188 million token unlock, which will take place this month.
Over the past few months, Ethereum has experienced a significant decline in user activity on its blockchain. This slowdown has reduced the network’s burn rate—a mechanism that helps decrease ETH supply over time.
With fewer tokens being burned, ETH’s circulating supply has risen, putting inflationary pressure on the asset. As a result, the coin has struggled to maintain a stable price above the $2,000 level in recent months.
Low Burn Rate Equals More Coins in Circulation
According to Ultrasoundmoney, 72,927 ETH, valued at $134 million at current market prices, have been added to ETH’s circulating supply in the past month alone.
At press time, this sits at 120,730,199 ETH, significantly above pre-merge levels.
This increase in ETH’s supply is driven by a decline in user activity on the Ethereum network, reducing its burn rate. Ethereum’s burn mechanism, introduced through EIP-1559, destroys a portion of transaction fees to reduce the circulating supply of ETH.
However, this mechanism is directly tied to network usage. So, when fewer transactions occur like this, less ETH is burned, resulting in ETH’s supply spiking.
According to Etherscan, the daily amount of ETH burnt has dropped by 95% year-to-date. In fact, the network recently recorded its lowest amount of coins burnt in a single day on April 20.
Many users and developers are migrating from Ethereum to Layer-2 (L2) solutions like Optimism and Arbitrum. These networks offer significantly lower transaction fees and faster execution, reducing user activity on Ethereum’s mainnet.
For example, as of April 30, the average transaction fee on Optimism’s mainnet was just $0.024. By contrast, completing a transaction directly on Ethereum cost users an average of $0.18 on the same day, which is over seven times more expensive.
Optimism Average Transaction Fee. Source: Dune Analytics
Moreover, thanks to the recent meme coin mania, “Ethereum killers,” such as Solana, have gained significant traction over the past few months, drawing users away from the L1.
Together, these trends have led to a decline in Ethereum’s transaction count, hence the network’s low burn rate.
How Do Ethereum’s Fundamentals Stack Up?
The drop in Ethereum’s user demand and the subsequent rise in ETH’s supply have raised important questions about the strength of its fundamentals.
When asked how Ethereum currently compares to other Layer-1 (L1) networks amid broader market weakness, Vincent Liu, Chief Investment Officer at Kronos Research, offered his perspective.
“Ethereum’s fundamentals remain strong relative to other Layer 1s, particularly when you consider its total value locked (TVL) of $368.921 billion, which positions it at the top of the leaderboard,” Liu said.
Although Liu acknowledged that Ethereum ranks fifth in 24-hour fees, behind Tron, Solana, HyperLiquid, Bitcoin, and BNB Chain. He emphasized that the network still “demonstrates significant demand and usage.”
Temujin Louie, CEO of Wanchain, shares a similar perspective. While speaking with BeInCrypto, Louie noted:
“Compared to other Layer 1s, fundamentals remain Ethereum’s strength. Unlike many Layer 1s with aggressive inflation as part of their design, Ethereum’s post-merge architecture makes it potentially deflationary. However, the benefits of EIP-1559 depend on on-chain activity. Nevertheless, this is a structural advantage over most competing Layer 1s.”
While increased activity across Layer-2 (L2) solutions and “Ethereum killers” like Solana may have contributed to a decline in user demand on Ethereum itself, Louie believes that the L1 network “remains a leader in decentralization and has a near-unmatched track record that continues to secure its place in the market.”
What About ETH Price?
Even with strong fundamentals, declining activity on Ethereum poses challenges for ETH in the short- to mid-term. Commenting on this, Liu explained that lower network activity generally signals weaker demand for ETH.
At the same time, increased coin issuance on the network undermines Ethereum’s deflationary model, which was designed to support price appreciation.
“This combination could result in bearish price movements,” Liu warned, “especially as investors look to alternative Layer 1s offering better scalability and lower fees.”
Kadan Stadelmann, CTO of Komodo Platform, also highlighted the role of macroeconomic factors:
“If Ethereum experiences an extended decrease in usage, the price could fall considerably depending on how much use drops, especially if the Fed continues its policy of quantitative tightening compared to quantitative easing. Short-term, this could mean price drops down to the $2,000 range. If the trend continues, however, then Ethereum could find itself in a prolonged consolidation period or outright downtrend.”
ETH Eyes $2,000 Breakout Amid Strengthening RSI
ETH currently trades at $1,834, noting a 1% price dip over the past day. Despite the brief pullback, the bullish pressure in the coin’s spot markets continues to strengthen, reflected by the coin’s climbing Relative Strength Index (RSI).
At press time, this momentum indicator is at 57.68. ETH’s RSI readings signal growing bullish conditions. This indicates that the altcoin has room for upward movement if buying pressure increases.
In this scenario, its price could break above $2,027.
