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Bitcoin spot exchange-traded funds (ETFs) recorded net inflows of $11.84 million on April 21, extending a streak of six consecutive days of inflows. In prediction markets, the Polymarket contract for Bitcoin reaching $80,000 in April rose to 60.5% YES, up from 44% the previous day. The contract for Bitcoin reaching $150,000 in April remained at 0.1% YES.
The increase in odds follows continued buying by BlackRock through its IBIT ETF. It also comes after Iran announced an open Strait of Hormuz under a ceasefire agreement. The geopolitical de-escalation has been cited as a factor behind Bitcoin’s rally, which pushed the asset above $78,000.
On Polymarket, the $80,000 sub-market shows actual USDC volume of $105,235 per day. The market requires $24,792 to move by 5 percentage points, indicating relatively solid liquidity. By contrast, the $150,000 market is thinner, with only $328 in actual daily USDC traded and a lower barrier to movement.
In the last 24 hours, the largest single price move was a 5-point spike at 8:48 AM, with the contract moving from 46% to 50% YES.
Six straight days of ETF inflows, alongside a 16.5-point jump in odds for the $80,000 contract, suggests the move is linked to geopolitical stabilization rather than broader macro shifts. The $80,000 contract at 60.5¢ implies that buying YES would pay $1 on resolution, representing a 1.65x return if the outcome occurs.
Whether the odds hold depends on continued diplomatic stability and whether ETF inflows remain consistent through the rest of April.
Market participants are likely to monitor developments in US-Iran relations and any additional institutional actions from BlackRock or MicroStrategy, which could influence whether Bitcoin moves toward the $80,000 level before April ends.
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