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Institutional Demand for Cryptocurrencies Is Real and Suggests There May Be a Sustained Bitcoin the price is moving above its fundamental 200-day simple moving average (SMA).
Investors poured $858 million into crypto funds issued by asset managers such as BlackRock and 21Shares last week, extending a five-week streak of inflows and marking the strongest weekly total since late April, according to CoinShares.
More importantly, bitcoin funds alone raised more than $700 million, bringing year-to-date flows to $4.9 billion. Talk about the demand for the leading cryptocurrency. The catalyst? Improving sentiment around the Clarity Act, according to CoinShares head of research James Butterfill.
Bitcoin recently traded at $81,000, having narrowly missed the 200-day SMA positioned above $82,000 on Sunday night. This is the second near miss of this type since last week. Prices remain above $80,000, indicating that the bulls are simply taking a breather, not retreating.
Analysts say the next major bullish leg could develop once prices break above $82,000, effectively surpassing the 200-day SMA, which is largely considered a barometer of long-term trends.
“The clear next step is a daily close above $82,000 with constant spot demand. Without that, it can decline between $79,000 and $82,000, while macro sets the tone,” Marex analysts said.
On the downside, immediate support is seen around $80,400, with the broader demand zone holding between $78,200 and $78,600, Vikram Subburaj, CEO of India-based Giottus.com, said in an email.
In the broader market, the SUI of the Sui blockchain is up 12% to $1.26 in 24 hours. The rally comes as developers behind blockchain look to make inroads into privacy. Adeniyi Abiodun, co-founder and chief product officer of Mysten Labs, the development team behind Sui, posted on
Last week, Nasdaq-listed Sui Group Holdings (SUIG) said it had staked most of the $108.7 million in SUI tokens in its treasury, removing about 2.7% of the supply from the active market. That likely compounded the bullish momentum.
The other big winner is XDC Network’s XDC token, which is up more than 10%. Several other tokens, such as KAS, HASH, and ATOM, have gained 5% or more in 24 hours.
In traditional markets, US Treasury yields rose as fading hopes for a US-Iran peace deal kept oil prices elevated. Stay alert!
Read more: For an analysis of current activity in altcoins and derivatives, see Crypto Markets Today. For a complete list of this week’s events, check out CoinDesk’s “Crypto Week Ahead.”
What is trend?
Today’s sign
The chart shows daily ether (ETH) price swings in candlestick format since the end of 2025. Overlaid are Bollinger Bands, which are bands of volatility placed two standard deviations around the price’s 20-day moving average.
The gap between the upper and lower bands is currently the narrowest since late 2023. In other words, it is the narrowest in two and a half years, indicating a prolonged period of compressed volatility.
This adjustment usually reflects a market in equilibrium, in which both buyers and sellers are unwilling to lead the price action. These phases of low volatility tend not to persist for long and often resolve into sharper directional moves once the bulls or bears reassert their dominance.
Bottom line: Be on the lookout for a big directional move ahead.
