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Institutional demand for crypto is real and suggests there could be a sustainable bitcoin the price is moving above its 200-day pivot simple moving average (SMA).
Investors poured $858 million into crypto funds issued by asset managers like BlackRock and 21Shares last week, extending a five-week inflow streak and marking the highest weekly total since late April, according to CoinShares.
More importantly, Bitcoin funds alone have raised over $700 million, bringing year-to-date inflows 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, after narrowly missing the 200-day SMA positioned above $82,000 on Sunday evening. This is the second near miss since last week. Prices remain above $80,000, indicating that the bulls are simply taking a pause and not retreating.
Analysts say the next big move could come once prices rise above $82,000, surpassing the 200-day SMA, which is widely considered a barometer of long-term trends.
“The next clear step is a daily close above $82,000 with stable spot demand. Without that, it may fall to between $79,000 and $82,000 while the macro sets the tone,” Marex analysts said.
In contrast, immediate support lies around $80,400, and the broader demand zone remains between $78,200 and $78,600, according to Vikram Subburaj, CEO of India-based Giottus.com, in an email.
In the broader market, the Sui blockchain’s SUI jumped 12% to $1.26 in 24 hours. The rally comes as developers behind blockchain seek to intrude into privacy. Adeniyi Abiodun, co-founder and product manager of Mysten Labs, the development team behind Sui, posted on X that confidential transactions on Sui will be introduced this year, enabling free and large-scale privacy-preserving payments.
Last week, Nasdaq-listed Sui Group Holdings (SUIG) said it had staked most of the $108.7 million worth of SUI tokens in its treasury, removing about 2.7% of the active market’s supply. This likely strengthened the bullish momentum.
The other big winner was XDC Network’s XDC token, which soared more than 10%. Several other tokens, such as KAS, HASH and ATOM, gained 5% or more in 24 hours.
In traditional markets, U.S. Treasury yields rose as dwindling hopes for a U.S.-Iran peace deal kept oil prices high. Stay vigilant!
Read more: For analysis of current altcoin and derivatives activity, see Crypto Markets Today. For a full list of this week’s events, check out CoinDesk’s “Crypto Week Ahead.”
What is the trend
Signal of the day
The chart shows daily fluctuations in the price of Ether (ETH) in candlestick form since late 2025. Overlaid are Bollinger Bands, which are volatility bands placed two standard deviations around the 20-day moving average of the price.
The gap between the upper and lower bands is currently the narrowest since late 2023. In other words, it is at its lowest level in 2.5 years, signaling a prolonged period of compressed volatility.
Such a squeeze generally reflects a market in equilibrium, in which buyers and sellers are unwilling to direct price action. Such phases of low volatility tend not to persist for long, often turning into sharper directional moves once the bulls or bears reassert their dominance.
In short: watch out for significant directional movement.
