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Bitcoin exchange-traded funds (ETFs) recorded $823 million in net inflows, reversing prior outflows that had been linked to US-Iran tensions. The inflows were led by BlackRock’s IBIT, while market pricing also reflected expectations for a move toward $80,000 in April.
Bitcoin reaching $80,000 in April is currently indicated at 3.9% YES. The $80,000 target had been at 80% a week ago, but the probability has since collapsed even as ETF flows turned positive.
By contrast, the $150,000 target is priced at 0.1% YES.
Combined daily trading volume is reported at $53,540 in actual USDC. The largest price move was a 6-point spike to 22%, and the market is described as thin—where $1,205 is enough to move it 5 points.
BlackRock’s heavy participation in the ETF inflows suggests institutional buying pressure that would typically support higher Bitcoin prices. However, traders appear to be discounting an April rally, given the sharp drop in the $80,000 odds.
While trading volume indicates active participation, the reported levels are not described as sufficient to drive a significant price increase without a new catalyst.
A YES share at 4¢ would pay $1 if it hits, implying a 25x return. For this bet to remain attractive, the market would need to see further geopolitical stability or major institutional announcements in the remaining days of April.
Key triggers cited include Middle East developments and any moves from BlackRock or Fidelity.
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