Bitcoin Gains 6% as US Trade Tensions Subside

Over the last 24 hours, Bitcoin vaulted almost 6%, breaking past $94,000—and with it came a tidal wave of forced liquidations. Traders saw more than $637 million wiped out, and notably, $561 million of that came from shorts.

The scene is set by a thaw in American tariff hostilities and a retreat in two-year Treasury yields to 3.81%, a context that colors every price chart.

What’s the link?

• Heavy bond purchases by investors are suppressing yields, forcing traders to chase out-of-the-money opportunities in riskier, more lucrative asset classes.

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• That Fear and Greed Index? It rocketed up to 52—neutral territory we haven’t seen since January 2025.
• Altseason? Still sitting at 14.
• Bitcoin dominance hit 63.5% as altcoins’ collective share shrank to roughly 29%.

Technical Commentary: The Road to $100K

Bitcoin’s decisive breach of $90,000 resistance has propelled it past the $92,000 cushion that once held before the recent correction. Crucially, this uptrend has negated any formation of the dreaded Death Cross (50-day vs. 200-day EMA), removing a key trigger for forced liquidations and suggesting a clear path toward $100,000.

In chart-watchers’ view, Bitcoin’s fate hinges on sustaining above $92,000. Surmounting that threshold clears the path to the psychologically charged zones at $95,000 and $100,000. Success there might even propel BTC back toward its $109,000 historic high.

Bitcoin ETFs Steal the Show Again

Just when it looked like institutional outflows would dominate the story, April 22 flipped the script: US spot Bitcoin ETFs hauled in $912 million, their best day since January 17, 2025, when they raked in $1.08 billion. Yesterday’s woes are suddenly a distant memory.

At the summit of today’s figures stands the ARK 21Shares Bitcoin ETF (ARKB), which welcomed an influx of $267.1 million.

Yet a shadow lingers: are these flows genuine commitments or merely fleeting gambits riding the crest of BTC’s meteoric ascent? Veteran analysts remind us that more than half of Bitcoin ETF holders finesse the markets through arbitrage—balancing spot ETF acquisitions against futures positions to harvest the guaranteed spread between them.

A Wave of Optimism Washes Over the Market

It isn’t just Bitcoin’s price that’s catching eyes—open interest in Bitcoin futures shot up 11.5% in just one day, topping out at $68 billion. On some exchanges, that figure swelled by 15% or more, showing traders are eager to lock in positions.

Take OKX, for example: OI jumped 15.6%, adding $4.2 billion. Yet in sheer size, Binance still dominates, with $11.3 billion in open interest.

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Veteran crypto commentator Michael R. Sullivan described the moment with a mix of awe and caution: in a single minute, Bitcoin vaulted from $92,000 to $94,000—an ascent as sudden as it was spectacular. The community, stirred by this jolt, leans toward optimism, anticipating the continuation of the bull cycle.

If the news headlines finally quieten, we could break new highs sooner than everyone thinks. A fast track to $100,000 looks plausible, but things change quickly in a Trump presidency,

commented Swyftx lead analyst, Pav Hundal.

Yet amidst the euphoria lies danger. FOMO, that ever-hungry specter of missed opportunity, thrives on misplaced hopes. For Bitcoin to chart a sustainable ascent, its foothold on critical support zones must remain firm—even if the path includes a few tremors.