Bitcoin (BTC) Rebounds, Institutional Investors Support Price

JAKARTA - Bitcoin’s (BTC) price strengthened again, approaching $79,500 on Wednesday (22/4/2026), after a correction to around $74,000 at the start of the week on Sunday (20/4/2026). This strengthening is said to be supported by solid institutional fund inflows. Based on the data presented, accumulation in spot Bitcoin ETF products reached about $250.22 million throughout the week, with a total accumulation of $57.95 billion. According to Antony, Bitcoin’s current strengthening also reflects a structural market shift increasingly driven by institutional investor participation. “Bitcoin’s movements are now not only influenced by short-term sentiment but also by increasingly consistent demand from institutional investors, evident from inflows through spot ETF products. Amid global uncertainty, this situation is utilised by some investors as an accumulation momentum. This becomes one of the factors supporting the price, although short-term volatility still needs to be anticipated,” said Antony in his statement on Thursday (23/4/2026). This Bitcoin price increase occurs amid rising geopolitical tensions after Iran rejected continuing negotiations with the United States (US), despite previous US efforts to extend a ceasefire. In addition to institutional demand, US monetary policy dynamics also influence crypto market movements. The statement mentions that the affirmation of central bank independence reflects the US Federal Reserve’s (The Fed) commitment to maintaining economic stability. However, uncertainty in interest rate direction amid inflation that is not yet fully stable makes market participants tend to be cautious towards risky assets, including crypto, in the short term. Another factor influencing price movements is activity in the derivatives market. In recent times, many short positions have been forced to close when prices started to rise, triggering a short squeeze. This condition increases demand in a short time and accelerates price strengthening in the short term. Overall, the combination of geopolitical dynamics, macroeconomic factors, institutional participation, and technical conditions in the derivatives market is seen to make the crypto market structure increasingly complex, though volatility remains the main characteristic. “For us at INDODAX, we view this condition as part of market dynamics that needs to be addressed wisely. Therefore, we urge that every investment decision be based on a thorough understanding and measured risk management,” said Antony.