Bitcoin Trades Sideways at $92K–$95K: Short Squeeze Unfolds Amid ETF Inflows

Bitcoin’s price remains range-bound, with a modest 1.4% gain over the last day, recouping recent losses tied to tariff wars between the U.S. and China and ongoing macroeconomic concerns.

Liquidation data shows that 65% of forced position closures were shorts, amounting to $169 million out of a total $259 million—an expected pattern during prolonged market consolidation. 

The data reflects a trend: many traders are actively shorting brief bullish moves in Bitcoin, underlining ongoing bearish expectations.

• Right now, the Fear & Greed Index is sitting at 52—that’s a neutral read.
• Bitcoin’s dominance? Still locked at 63.2%.
• The Altseason Index? No change at 17.

Although select altcoins are posting minor gains, the broader crypto landscape shows no signs of market strength.

Bitcoin Still Waiting for a Clear Move

Bitcoin is consolidating within a $92,000–$95,000 range, while the 4-hour RSI signals cooling conditions after exiting the overbought zone.

These indicators point to a transitional phase, where the asset faces a binary choice between upward continuation and corrective pullback.

According to analyst AlphaBTC, the $95K threshold is critical to confirm a sustained bullish breakout.

Glassnode’s metrics quietly reinforce this narrative. The realized profit-to-loss ratio for short-term Bitcoin holders has just landed on the equilibrium mark—1.0. Here, the balance between gain and loss speaks volumes: the market is split, waiting.

History suggests this isn’t just noise. A push above has often sparked or sustained uptrends. A dip below? A curtain call for rallies, ushering in corrections instead.

Institutions keep buying—just not at full throttle

While the momentum behind U.S. spot Bitcoin ETFs has cooled modestly from earlier in the week, institutional demand is still holding firm.

On April 24, 2025, inflows reached $442 million—a solid showing, with BlackRock’s IBIT ETF pulling in $327.3 million alone.

During the last notable surge, IBIT attracted $643.2 million in net inflows, acting as the leading catalyst for the broader strength in spot Bitcoin ETFs.

ARK sees a $2.4 million future for Bitcoin

ARK Invest has dramatically lifted its 2030 price forecast for Bitcoin to $2.4 million, citing what it calls a “structural shift” in global finance. With institutional capital mobilizing and governments warming to the idea of Bitcoin as digital gold, the asset’s long-term narrative appears stronger than ever.

According to projections, the expansion of financial infrastructure anchored in Bitcoin could present serious competition to conventional financial tools.

As a result, the bear and base cases represent conservative views on bitcoin’s adoption. In the more aggressive bull case, we assume that bitcoin penetration hits 6.5%, nearly double gold’s current share,

believes David Puell, analyst at ARK Invest.

As David points out, Bitcoin may one day challenge gold’s dominance as a reserve asset, though the numbers reveal a significant gap.

With gold valued at over $22 trillion, Bitcoin’s current market cap of $1.85 trillion places it in the range of silver and major corporations such as Amazon and Google.

Bridging that gap would require a tenfold increase in Bitcoin’s total market value.

Check this out: Cathie Wood: The ARK Invest Founder and Technology Advocate

Institutional interest in Bitcoin remains intact. However, in the short term, BTC continues to show vulnerability—particularly if sellers manage to break through and establish a foothold below the $92,000 support level.

Should this occur, the correction could deepen, with a potential pullback toward the $86,000–$88,000 range.

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