Institutional Funds Drive Bitcoin Price Movement
Geopolitical tensions and uncertainties surrounding global monetary policy directions have not subsided in recent times. Amid this situation, the crypto market is demonstrating resilience bolstered by institutional fund flows.
Bitcoin’s price strengthened again, approaching $79,500 on Wednesday (22/4), after a correction to around $74,000 at the start of the week (20/4). The strengthening was triggered by solid institutional fund inflows, reflected in accumulations in spot Bitcoin ETF products of around $250.22 million throughout the week, with a total reaching $57.95 billion.
The rise occurred as tensions escalated following Iran’s rejection of continuing negotiations with the United States. This situation underscores that Bitcoin’s movements are not solely influenced by global risk sentiment but also by the strength of long-term demand.
Indodax Vice President Antony Kusuma stated that Bitcoin’s strengthening reflects a changing market structure increasingly driven by institutional investors. According to him, Bitcoin’s current movements are not only influenced by short-term sentiment but also by increasingly consistent demand from institutional investors, evident from inflows through spot ETF products.
“In the midst of global uncertainty, this condition is instead utilised by some investors as an accumulation opportunity. This becomes one of the factors supporting the price, although short-term volatility still needs to be anticipated,” said Antony on Friday (24/4/2026).
Additionally, the dynamics of Federal Reserve (The Fed) monetary policy also influence the market. Uncertainty over interest rate directions amid unstable inflation makes market participants tend to be cautious towards risky assets, including crypto, in the short term.
On the other hand, derivative market activity also drives prices through the short squeeze phenomenon. Many short positions are forced to be closed as prices rise, thereby increasing demand in a short time and accelerating price strengthening.
Antony assesses that the combination of geopolitical, macroeconomic, and technical factors makes the crypto market structure increasingly complex. “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 thorough understanding and measured risk management,” said Antony.