Will Bitcoin Explode Higher? $4.2B BlackRock ETF Volume Signals Incoming Surge

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Arslan Butt

Crypto Writer

Arslan Butt

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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Last updated: 

April 22, 2025

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Bitcoin’s latest rally is being driven by one clear catalyst: institutional appetite. On April 23, BlackRock’s spot Bitcoin ETF (IBIT) recorded a record-breaking $4.2 billion in trading volume—its highest daily turnover ever. Over 81 million shares changed hands, closing at $52.08.

That kind of volume isn’t noise—it’s a signal. It marks IBIT as a leading indicator of institutional sentiment and solidifies its role as a key gateway for traditional investors entering the crypto space.

Bitcoin’s price surged to $93,800—its highest in nearly a month—on the back of this action, after briefly dipping near $91,700 earlier in the session. The wave of volume extended to other major ETFs too:

• Fidelity’s FBTC: $425M
• Grayscale’s GBTC: $251M
• Ark’s ARKB: $170M
• Bitwise’s BITB: $120M

And that’s before net inflows are even tallied.

Corporate Bitcoin Adoption Adds Fuel to the Rally

It’s not just ETFs lifting the tide. Corporate treasuries are moving in step, and the inflows are starting to look structural.

• MicroStrategy, led by Bitcoin evangelist Michael Saylor, now holds over 200,000 BTC after its latest 6,556-coin purchase.
• Semler Scientific recently passed the 1,100 BTC mark and has filed to raise another $500 million to deepen its Bitcoin exposure.
• GameStop just launched “Project Rocket,” with plans to deploy $1.5 billion into Bitcoin from its balance sheet.

These aren’t headlines for show—they’re reshaping Bitcoin’s long-term supply dynamics. As more coins move into corporate custody or cold storage, the available float continues to shrink, magnifying every demand-side impulse.

Bitcoin Technical Setup: Breakout or Pause? Bulls Eye $99,500

From a chart perspective, Bitcoin is coiling beneath key resistance at $95,150. Price action remains bullish and well-supported by:

• An ascending trendline
• The rising 50-period EMA, currently at $87,200
• A steadily positive MACD histogram with upside momentum

This is a textbook continuation setup. If price clears $95,150 with volume, the next zones to watch are $97,400 and $99,500—just shy of six figures.

Bitcoin Trade Setup

• Buy Breakout: Above $95,150 with strong volume confirmation
• Buy Dip: If BTC bounces from $92,700 and shows bullish structure
• Targets: $97,400 and $99,500
• Stop Loss: Below $90,700

Quick Levels to Watch:

• Current Price: $93,800
• Support: $92,700
• Resistance: $95,150
• Trend: Bullish
• Momentum: Institutional-backed

Bottom Line

ETF flows and treasury allocations are turning Bitcoin from speculation into strategy. A clean break above $95K could spark the next leg up.

Solana’s First L2? Solaxy Hits $31M as Presale Nears Milestone

While Bitcoin continues to dominate institutional headlines, innovation in the Solana ecosystem is quietly heating up—with one Layer-2 project leading the charge.

Solaxy (SOLX) is solving Solana’s congestion problem by processing transactions off-chain and submitting them back to the mainnet. A built-in bridge with Ethereum allows multi-chain interoperability, reducing fees and increasing efficiency.

By bundling transactions before submitting them to Solana’s mainnet, Solaxy reduces load while maintaining security. A cross-chain bridge with Ethereum adds flexibility, letting users move assets across ecosystems without friction—positioning Solaxy as an infrastructure layer for multi-chain applications.

Presale Update

The project’s presale has now surpassed $31.27 million, edging toward its $31.98 million goal. With next price adjustment coming soon, SOLX is currently offered at $0.001702—up from $0.0016.

Solaxy is audited by Coinsult and backed by over 60K X followers and 11.5K Telegram subscribers. With momentum building, it’s one of the top-watched presale projects in Solana’s ecosystem.