Overview
- Bitcoin, which reversed near $79,400 on Monday, traded around $76,900 on Tuesday as Brent crude topped $109 and talks over the Strait of Hormuz showed no progress.
- Funds saw $1.2 billion of inflows last week, lifting crypto assets under management to about $155 billion, while Strategy logged roughly $3.9 billion of April buys.
- U.S. spot bitcoin ETFs purchased 18,991 BTC over five days, outpacing new issuance and tightening the supply available to trade on exchanges.
- Perpetual futures funding rates stayed negative, meaning shorts are paying longs to keep positions, and on‑chain analysts said recent gains looked like a short squeeze that can reverse.
- Traders are looking to Wednesday’s Federal Reserve decision and this week’s megacap tech earnings for a catalyst that could help bitcoin clear the $80,000 ceiling.