Last week, US-listed spot Bitcoin exchange-traded funds (ETFs) recorded net inflows exceeding $600 million.
While this marked a continuation of positive capital movement into digital asset products, it also had the lowest weekly inflow figure in the past month, signaling investor caution or profit-taking at higher levels.
ETF Inflows Slow as Price Consolidation Cools Investor Appetite
Between May 12 and May 16, inflows into spot BTC ETFs totaled $603.74 million. Although this was a net positive in terms of inflow into these funds, last week’s figure was the lowest weekly inflow in the past month. This highlights a more cautious but sustained capital movement into the market.
Total Bitcoin Spot ETF Net Inflow. Source: SosoValue
The slowdown in ETF inflows can be linked to BTC price consolidation during the five-day period under review. Throughout that period, BTC traded sideways, facing resistance at around $104,971 while finding consistent support at $102,711.
This lack of clear movement likely led some investors to be more cautious, resulting in reduced capital inflows into BTC ETFs last week.
BTC Eyes Fresh Highs
Still, bullish momentum persists in the BTC market. The king coin briefly surged to a three-month high of $107,108 during Monday’s early Asian trading session. While it has since corrected to trade at $104,956, the bullish bias toward the coin remains significant.
BTC’s price uptick comes alongside a rise in its futures open interest. This stands at $70.03 billion at press time, climbing 7% over the past day.
Open interest refers to the total number of outstanding derivative contracts, such as futures or options, that have not been settled. When open interest rises alongside price, it typically signals that new money is entering the market. This supports the strength of BTC’s ongoing trend and could trigger a sustained price uptick in the near term.
Moreover, options market data further supports this optimistic outlook. Today, the demand for call options has outpaced puts, pointing to a growing demand for bullish positioning.
As April comes to an end, many altcoins are enjoying gains, especially in the last seven days, stemming from Bitcoin’s run up to $95,00. A few key tokens are looking at a bullish start in May due to varying factors.
BeInCrypto has analyzed three such altcoins for investors to watch in the last few days of April as they prepare for important developments.
BNB
BNB is currently showing positive performance, with expectations for further gains this week due to the upcoming Lorentz hard fork. Set to go live on April 30, the upgrade will bring faster blocks to the chain, which is likely to boost network efficiency and support a potential price rise for the altcoin.
Having broken free from a two-and-a-half-month downtrend, BNB is now trading at $606. The altcoin is aiming to breach the $618 resistance, and if successful, it could capitalize on bullish momentum from the Lorentz upgrade. This would set the stage for a potential rise to $647.
If BNB fails to break the $618 resistance, a decline could follow, potentially dropping the price below $600. In this scenario, BNB may find support at $576, which would invalidate the bullish outlook. Monitoring the $618 level will be key for assessing the altcoin’s trajectory in the coming days.
Kaspa (KAS)
KAS has gained 27% over the past week, helping to invalidate the bearish signals from the Ichimoku Cloud. Currently trading at $0.099, the altcoin is nearing the critical $0.103 resistance level. If this momentum continues, KAS could potentially break through and establish a new bullish trend.
The upcoming Crescendo upgrade is expected to drive further positive momentum for KAS. With the mainnet activation set to increase the network’s transaction capacity tenfold to 10 blocks per second (BPS), this event could play a pivotal role in propelling the price upwards and attracting more investor interest.
If the Crescendo upgrade lives up to expectations, KAS could rise to $0.112, potentially reaching $0.120. However, if KAS fails to breach the $0.103 level, the altcoin may experience a decline. A drop below $0.092 could send the price toward $0.083, invalidating the current bullish outlook.
Aave (AAVE)
Another altcoin to watch in the last week of April is AAVE, which has experienced a strong 22% rise this week, making it one of the best-performing altcoins. Despite the impressive gains, the current price action suggests that AAVE has not yet reached its peak. The altcoin still has room for further upward momentum, supported by strong market interest.
The Relative Strength Index (RSI) indicates that AAVE is currently in the bullish zone but is far from the overbought level of 70.0. With plenty of room before hitting this threshold, AAVE’s price could continue rising, potentially surpassing $180 and reaching $198.
However, if the bullish momentum weakens, AAVE could see a decline below the $167 support level. In this case, the price may fall to $153, and if this support level is breached, AAVE could drop to $126. Such a move would invalidate the current bullish outlook, signaling a possible trend reversal.
Made in USA coins are drawing attention heading into the weekend, with five standout tokens leading the charge: EOS, ONDO, SUI, KAS, and EIGEN. EOS surged nearly 7% following a controversial $3 million purchase by World Liberty Financial, while ONDO remains a major RWA player despite short-term volatility.
SUI continues to ride momentum from its meme coin and DEX activity, and Kaspa (KAS) shows strong upside potential with a possible golden cross forming. Meanwhile, EigenLayer (EIGEN) is facing a sharp pullback but still holds bullish signals if support levels can hold.
EOS
EOS is up nearly 7% in the last 24 hours, sparked by World Liberty Financial’s surprise $3 million purchase of the token. The move has stirred controversy across the crypto community, especially given WLFI’s recent $125 million loss from allegedly selling ETH at a local bottom.
While some have raised concerns about potential market manipulation, there’s currently no hard evidence of foul play. EOS, which has spent much of the past year trading below $0.50, briefly surged over 9% following the news, reigniting interest in a project many considered dormant.
Technically, if bullish momentum persists, EOS could break above the key resistance level at $0.88. A clear breakout there may open the door for a run toward the psychological $1 mark.
However, if sentiment shifts and the rally fades, EOS could retest support at $0.663. A break below that would likely trigger further downside, potentially dragging the token back toward the $0.58 region.
Ondo Finance (ONDO)
Real-world asset (RWA) tokenization is gaining serious momentum. The sector reached an all-time high of $22.5 billion, up 5.87% in the last 30 days.
Private credit accounts for $13.1 billion of the total, highlighting growing institutional interest in bridging TradFi with blockchain infrastructure.
Amid this surge, ONDO has emerged as one of the largest players in the RWA space, despite its token price slipping over 3% in the past 24 hours. Still, ONDO is up 16.2% over the last month, reflecting sustained investor confidence in the narrative.
Looking ahead, if bullish sentiment returns, ONDO could test resistance at $1.04. A breakout above that level may push the price toward $1.20.
However, if the correction deepens, the token faces key support levels at $0.86 and $0.819.
Should the downtrend accelerate, ONDO may fall further to $0.73 or even $0.663, making short-term price action heavily dependent on whether the broader hype around RWA and Made in USA coins continues or fades.
SUI
SUI has been gaining traction in recent months thanks to its growing meme coin ecosystem and expanding DEX infrastructure.
While its DEX volume surged 36.7% over the past week, it recorded the smallest increase among the top eight chains and currently ranks sixth in total DEX volume.
Despite this, market interest remains strong, with SUI up 83% in the last 30 days—though it has cooled slightly, slipping 1.25% over the past week.
Technically, SUI’s EMA lines still indicate bullish momentum.
If buyers regain control, the token could test resistance at $3.89, and a breakout there may open the path toward $4.24.
On the downside, if SUI fails to hold support at $3.63, the next targets are $3.27 and potentially $2.92 in the event of further selling pressure.
Kaspa (KAS)
Kaspa (KAS) has delivered strong performance recently, climbing 18.5% in the last seven days and 56.7% over the past month. Its market cap now stands at $3.17 billion, even as 24-hour trading volume has dipped by 20% to $99.38 million.
EMA indicators suggest a potential golden cross formation, which could signal further upside. If momentum continues, KAS may test resistance at $0.155, and a successful breakout could push the price toward $0.188, making it one of the most interesting Made in USA coins for the weekend.
However, if the trend weakens, key support levels lie at $0.114 and $0.103. Losing those could trigger a deeper correction, with downside targets as low as $0.082.
Eigenlayer (EIGEN)
EigenLayer (EIGEN) has seen mixed price action this week—up 16% over the past seven days, but down 11% in the last 24 hours alone.
The recent drop pushed its price below $1.40 and dragged its market cap under the $400 million mark, signaling a potential cooldown after last week’s rally.
Despite the pullback, EIGEN’s EMA lines remain in a bullish formation. If the downtrend continues, the token may test key support at $1.22, with further downside possible toward $1.084 if that level fails.
However, if EigenLayer regains its prior momentum, it could retest resistance at $1.49, and a breakout there may pave the way for a move toward $1.63.
Galaxy Digital’s Head of Research, Alex Thorn, has raised the alarm over the looming threat of quantum computing to Bitcoin (BTC). He has warned that the danger is greater than many realize.
Thorn emphasized that while a quantum attack would affect all forms of public key cryptography and, by extension, all cryptocurrencies, the potential solutions to safeguard Bitcoin are not the best, yet.
While quantum-resistant cryptography is being developed, the timeline for a fully secure solution remains uncertain. Despite this, not everyone is convinced of the effectiveness of solutions to protect Bitcoin.
“Quantum is a bigger threat than people realize, and the options to fix it for Bitcoin specifically are worse than people realize,” Thorn posted.
When asked about a potential timeline for the emergence of this threat, Thorn acknowledged that no one truly knows, making it one of the most challenging questions in the field.
“This is a ‘national security’ level question,” he claimed.
Thorn suggested that by the time it happens, it will already be too late to respond. His latest concerns resonated with many.
“There’s a non-zero chance Bitcoin could be hacked. If it can be created, it can be destroyed,” Geraci added.
Furthermore, some have taken a stronger stance, forecasting that quantum computing could lead to Bitcoin’s eventual decline.
“Right time to invest in Bitcoin was before 2020. I am heavily researching on the next Bitcoin-like asset,” analyst Nishant Bhardwaj remarked.
Meanwhile, these worries have intensified due to recent developments in quantum technology. Chirag Jetani, Founder and COO at Diamante, recently highlighted that Google’s quantum computers now operate 241 million times faster than conventional computers.
“A quantum computer with just 4,000 qubits could crack Bitcoin’s encryption in 10 minutes. By 2030, they’ll crack Bitcoin’s encryption in seconds,” he said.
Jetani also suggests that, despite quantum computing’s risks, it offers tremendous opportunities. He outlined five ways it will transform blockchain by 2030.
Quantum-Resistant Cryptography: This involves developing encryption that is secure against quantum computers. The US National Institute of Standards and Technology (NIST) is working on this.
Quantum-Enhanced Smart Contracts: Quantum computing could enable smarter, real-time adapting contracts for faster, autonomous decisions.
Quantum Random Number Generation: Blockchain could use quantum randomness for secure voting, fair gambling, and tamper-proof processes.
Quantum-Secure Identity Systems: Quantum computing could ensure unhackable digital identities, protecting personal data and privacy.
Quantum-Powered DeFi: Quantum computing could improve DeFi with instant payments, advanced financial modeling, and real-time risk assessment.
“You need to start moving your assets to quantum-resistant systems now. Because by 2030, it’ll be too late,” Jetani cautioned.
Will Bitcoin Survive Quantum Computing?
Despite the warnings, some remain hopeful. Previously, Tether’s CEO, Paolo Ardoino, predicted that quantum computing isn’t likely to pose a meaningful threat to Bitcoin’s cryptography anytime soon. He believes that quantum-resistant addresses will be added to Bitcoin in time, well before any serious risk arises.
Project 11, a quantum computing research firm, also stressed that quantum computers posing an actual threat to proof of work is not expected for at least 10 years. According to the firm, while Bitcoin is vulnerable to future quantum computing advances, it has the potential to evolve and survive through technological upgrades and adaptations.
“BTC can absolutely survive quantum computing. It will be difficult, controversial, and debated, but the network can be upgraded in time. The last significant fork was Taproot – post-quantum cryptography is next,” the firm explained.
In their X thread, Project 11 pointed to the development of quantum-resistant algorithms to protect against attacks. It highlighted that the NIST has drafted several standards, including lattice and hash-based ones.
The firm also clarified that while quantum computers may not instantly steal Bitcoin, the first capable systems could still be enough to compromise private keys over time.
“Bitcoin’s security and validity rests on current cryptography, which Shor’s algorithm breaks. Even a slow QC can stockpile private keys, and its existence alone could spark an exodus,” the post read.
As time passes, Bitcoin’s survival hinges on its ability to evolve swiftly in response to quantum advancements. It needs to balance innovation while preserving its decentralized ethos.
