Overview
- - U.S. spot bitcoin ETFs, stock‑market funds that hold the token directly, logged five straight weeks of net inflows, with BlackRock’s iShares Bitcoin Trust taking $1.71 billion in April.
- - Big money moves cut both ways as Morgan Stanley bought 286.7 BTC while a BlackRock client group first purchased $284 million of bitcoin and later sold $54.7 million after a Middle East ceasefire.
- - Tensions involving the U.S., Israel, and Iran drove about $560 million in crypto liquidations, knocking back leveraged bets and keeping bitcoin below a well‑watched ceiling near $78,000.
- - Leverage remains heavy, including a single trader’s roughly $90.5 million 20x long across bitcoin and ether, while CryptoQuant says weak spot buying makes a correction more likely if futures‑led gains fade.
- - Policy signals firmed as the Senate advanced the Clarity Act, a bill that would split digital‑asset oversight between the SEC and CFTC, giving institutions and advisors clearer rules for using bitcoin.