Bitcoin Still Locked Below $95,000 After Multiple Rejection Points

BTC climbed just 0.3% over the past day, continuing its consolidation below a critical resistance at $95,000. Analysts note that a breakout will likely require fresh bullish sentiment or impactful headlines to propel further gains.

Total margin liquidations stood at $193 million:

• $18 million in longs,
• $72 million in shorts.

Notably, Ethereum’s liquidation volume was nearly on par with that of Bitcoin.

Key trader sentiment gauges remain stable, reinforcing the current consolidation phase:

• Fear & Greed Index: 52 points (neutral sentiment)
• Altseason Index: 19 (no altcoin breakout in sight)
• Bitcoin dominance: 63.2% — holding firm.

Chart Signals

The $95K mark continues to act as a formidable ceiling. In just four days, bulls have tested this level five times, but each attempt has met resistance, triggering swift pullbacks.

However, the repeated pressure on this zone reveals buyers’ clear intent to push higher and establish dominance.

Crypto Genius believes Bitcoin has entered a defining moment. A clean breakout above $95K — currently serving as the main descending resistance — could unleash significant upside momentum, with bulls eyeing a potential target zone around $160K.

Spot Bitcoin ETFs See Renewed Institutional Appetite

Institutional demand for U.S.-listed spot Bitcoin ETFs remained strong on April 28, 2025, with total net inflows reaching $591.2 million.

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Leading the pack was BlackRock’s iShares Bitcoin Trust ETF (IBIT), which attracted $970.9 million — not only the sole fund to post a net gain that day but also responsible for lifting the entire ETF segment into positive territory. It marks the second-largest daily inflow ever recorded for IBIT.

The record for daily net inflows into American spot Bitcoin ETFs still stands at $1.12 billion, logged on November 7, 2024, shortly after the U.S. presidential election results were confirmed.

A Catalyst Still Missing

Despite optimistic long-term forecasts, some market observers don’t expect Bitcoin to breach $100K anytime soon.

QCP Capital has cautioned that, unless a new catalyst emerges, the market is likely to remain stagnant and trendless for now.

With macro risks temporarily subdued and trade tensions cooling, BTC is likely to consolidate in a narrow $90K–$94.5K range while awaiting a catalyst for a decisive push toward the elusive $100K mark.

As Bitcoin wrestles with resistance, institutional players continue to double down. Strategy’s latest buy — 15,355 BTC at a cost of $1.42 billion — brings its total to 553,555 coins, with a portfolio now worth $52.7 billion on a $37.9 billion basis.

In parallel, political winds are shifting: Arizona’s legislature has greenlit a strategic Bitcoin reserve. All eyes now turn to the governor’s office — the final hurdle before the bill becomes official policy.

In the long term, market watchers expect the next two weeks to be marked by sharp price swings, largely due to the release of U.S. macroeconomic indicators and the subsequent investor response.

Today’s spotlight is on the JOLTS report (Tuesday, April 29), when the U.S. Bureau of Labor Statistics unveils new figures on job openings, hiring, and resignations. If vacancies stay high while unemployment remains low, that’s a flashing signal of labor scarcity.

The data from this report directly feeds into the Federal Reserve’s interest rate decisions. Although a rate reduction would typically stimulate risk asset markets, persistently elevated inflation reduces the likelihood of such a pivot.

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