Bitcoin set to rise 70-80% as on-chain data and ETF inflows surge.

The price of Bitcoin has continuously followed a downward trend since January, but the breakout above the $93,500 mark on April 22 marks the first new peak of the year and could be a signal for the start of a new long term upward trend.

BTC Price Chart 1 Day | Source: TradingViewA higher peak pattern appears after BTC surpasses the previous lower peak and the resistance level at 88,500 dollars, but the real factor helping the price maintain at a high level is the buying volume coming from various groups of investors in the Bitcoin market.

The Bitcoin spot ETF funds in the US have reported a net inflow of up to 381 million dollars on April 21 — the highest level since January 30.

The flow of funds into spot Bitcoin ETFs | Source: SoSoValueThe inflow of funds into spot Bitcoin is increasing, along with the rise in BTC prices, indicating that demand from institutions is recovering. The change in the trend of ETF funds may offset the selling pressure that has kept Bitcoin prices restrained for many months.

However, the demand from retail investors ( with purchase volumes from 0 to 10,000 dollars ) is still below 0%, indicating that the small-scale buyer group has not yet returned to the market. Over the past year, this group of investors has often followed BTC price breakout events, but when their trading volume turns positive, they can help further strengthen the upward momentum.

! Bitcoin Bitcoin retail investor demand changes in 30 days | Source: CryptoQuantCryptoQuant's community manager, Maartunn, emphasized Bitcoin's current bull run is driven more by financial leverage than spot trading volume. Data from Glassnode also shows that the (OI) of Bitcoin futures increased by $2.4 billion in less than 36 hours.

To keep the price of Bitcoin stable above the $90,000 mark, the current gap between futures traders and retail investors needs to be narrowed.

Bitcoin could increase by an additional "70% to 80% from here"

From a long-term perspective, Hitesh Malviya, founder of DYOR Crypto, believes that Bitcoin could increase by an additional 70% to 80% if it maintains the MVRV ratio at 2 over the next six weeks.

The Market Value to Realized Value ratio (MVRV) is an important on-chain indicator, comparing the market capitalization of Bitcoin with its realized capitalization — that is, the value of coins at the last transaction time. Historically, when MVRV exceeds 3.7, the market is often overvalued and may reach a peak, while values around 2 typically signal strong price rallies ahead.

The MVRV ratio of Bitcoin | Source: CryptoQuantThe MVRV index of Bitcoin has maintained above 2 from October 2024 to February 2025, coinciding with the time Bitcoin reached its all-time high. Recently, this index has fallen below 2 during the market correction, but is currently trying to regain this important threshold.

Disclaimer*: This article is for informational purposes only and is not investment advice. Investors should do their due diligence before making any decisions. We are not responsible for your investment decisions*

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