Emre Yumlu 
Bitcoin ETFs have seen their largest inflow in over three months, signaling a significant revival in investor confidence. This strong rebound comes after a period of hesitation caused by global trade tensions.
Investor Appetite Rises Amid US-China Softening
A recent statement by US President Donald Trump, indicating that import tariffs on Chinese goods will be “significantly reduced,” was met with a positive reaction from the markets. This shift in tone encouraged investors to return to riskier assets.
On April 22, US-based spot Bitcoin ETFs saw net inflows exceeding $912 million, marking the highest daily investment since January 21. The surge in ETF demand indicates a notable improvement in investor sentiment.
Boosted by these inflows, Bitcoin price climbed above $93,000, hitting its highest level in the last seven weeks.
Institutional Demand Could Accelerate the Cycle
According to analysts, increasing institutional interest and the growing role of ETFs in the market could speed up Bitcoin’s traditional four-year cycle. This raises the possibility of BTC reaching new all-time highs before the end of 2025.
Weaker Dollar Strengthens Bitcoin’s Safe-Haven Appeal
A major driver behind renewed interest in Bitcoin is the ongoing decline in the US dollar. The US Dollar Index (DXY) has dropped by 9% since the start of 2025, hitting 98.8 — its lowest level since April 2022.
Ryan Lee, chief analyst at Bitget Research, stated that “a weakening dollar and increasing correlation with gold” make Bitcoin an attractive hedge against economic uncertainty.
Bitcoin No Longer in Tech’s Shadow
According to analyst Iliya Kalchev, both crypto and traditional markets are “walking a tightrope between political tensions and economic realities.” However, Bitcoin has managed a strong comeback, thanks to ETF inflows, institutional interest, and a softer dollar.
Kalchev noted that Bitcoin’s resilience is reshaping the market’s view of what constitutes a safe asset, adding that the asset is now being priced more through a macroeconomic lens than as a tech stock.
More Gold, Less Nasdaq
Nansen CEO Alex Svanevik echoed this sentiment, pointing out that Bitcoin has matured over the past two weeks and is now “behaving less like Nasdaq, more like gold.” However, he also warned that fears of a global economic slowdown might limit BTC’s short-term upside.
Meanwhile, BitMEX co-founder Arthur Hayes said on April 21 that this could be the “last opportunity” to buy Bitcoin under $100,000. He suggested that upcoming US Treasury buybacks could trigger the next major price rally.
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