Bitcoin Stays Locked at $95K as Institutions Step In and Job Numbers Slump

Bitcoin’s price has barely budged in the last 24 hours, hovering around $95,000. The resilience is fueled by solid institutional interest and a disappointing U.S. JOLTS labor report, which is weighing on the dollar and boosting BTC’s appeal.

The U.S. job market just delivered a surprise: only 7.19 million job openings versus the 7.48 million expected. That softness could work in Bitcoin’s favor — a weaker labor landscape gives the Fed more reason to start easing rates.

A rate cut would likely soften the dollar and drive renewed interest in high-risk assets such as cryptocurrencies.

Supporting that trend, U.S. spot Bitcoin ETFs registered a solid net inflow of $172.8 million on April 29, 2025 — a sign of continued institutional accumulation.

While most spot Bitcoin ETF issuers saw net outflows, BlackRock’s iShares Bitcoin Trust (IBIT) stood out with $216.7 million in net inflows, more than offsetting market losses.

The day before, IBIT nearly broke its own record, posting an impressive $970.9 million.

Bitcoin Fails to Break $95K — Again

Bitcoin’s latest effort to climb above $95,000 fell short, with the price dropping under $94,000 before recovering sharply. The pattern has repeated over several days, underscoring both strong demand below current levels and a wall of resistance from sellers clustered around the $95K mark.

Liquidations for the day totaled more than $238 million, with ALPACA taking the spotlight. A rapid 450% spike — driven by news of its upcoming Binance delisting — was followed by a steep correction, fueling the largest wave of liquidated positions across major tokens.

AlphaBTC has flagged $100K as the structural breakout zone for Bitcoin’s next macro leg up. He considers $95K a local resistance band — enough to stall momentum, but not a trend-definer. More importantly, he cites $91K as make-or-break support: losing it could open the door to a substantial pullback.

Bitcoin Shows Fundamental Strength

• The market’s mood remains neutral with a Fear and Greed Index of 52. 
• Bitcoin’s dominance is holding at 63.6%.
• Altseason Index sits at a low 16 — indicating minimal traction for altcoins.

BTC’s growing share (up over 2% month-over-month) reinforces its current position as the lead asset and suppresses altseason probability.

Check this out: Crypto Whale Activity: What It Means for Your Investment Portfolio

Bitcoin’s strength may have more to do with Wall Street than whales. Research from Glassnode suggests that the surge in institutional participation through spot BTC ETFs is a key reason bulls are holding ground. Analysts also observed an uptick in Bitcoin’s 14-day momentum index, right after it cleared $94K.

This breakout pushed the momentum above the statistical high band, a rare occurrence that historically signals strong bullish momentum,

the report notes.

Strategy’s aggressive accumulation strategy continues with a $1.42 billion BTC purchase, adding 15,355 coins to its wallet and bringing total reserves to 553,555 BTC ($53 billion). Richard Byworth, Syz Capital partner and Jan3 advisor, publicly endorsed the accumulation plan—advocating for executing market orders instead of OTC trades to exert upward pressure on price.

Read on: What Is the Next Bitcoin-Like Investment? Key Factors to Consider