#Gate广场五月交易分享 Crypto Daily (05.02): Bitcoin monthly increase of 11.87% but blocked at $80k, ETF funds hit a new high this year, mining companies face continued selling pressure

1. Bitcoin Price Trends and Market Analysis
1. In April 2026, Bitcoin has increased by a total of 11.87%, closing the month higher, successfully turning previous monthly resistance levels into support. Currently, the price has been consolidating in the $75,000-$80,000 range, repeatedly testing the $78,000-$79,000 resistance but failing to break through effectively.
2. On-chain data shows that short-term holders are selling after profits, and derivatives market institutions are mostly hedging downward, with traders generally leaning toward shorting on rallies. Market opinions on future trends are divided, with different institutions providing support and resistance levels and trend forecasts accordingly.
3. On the macro level, the Federal Reserve maintains interest rates unchanged, with rate cut expectations delayed until the second half of 2026. Geopolitical tensions, U.S. stock market trends, and oil price fluctuations all influence Bitcoin's price movements. Currently, Bitcoin still fluctuates with macro risk assets.
2. Bitcoin ETF Market Dynamics
1. In April, the U.S. spot Bitcoin ETF saw a net inflow of $1.97 billion, setting a new monthly high for 2026, reflecting renewed institutional demand for Bitcoin. Short-term funds are volatile; on April 30, there was a single-day net inflow of $14.7578 million, after three days of net outflows totaling $490 million.
2. Multiple countries worldwide are advancing Bitcoin ETF initiatives. The Japan Exchange Group (JPX) officially launched Bitcoin and cryptocurrency ETFs, and Goldman Sachs has submitted a registration application for a Bitcoin ETF to the U.S. SEC.
3. Bitcoin Mining Company Dynamics
1. After the Bitcoin halving, mining companies face halved block rewards and rising operational costs. Leading publicly traded miner Riot Platforms continues its strategy of selling mined Bitcoin, depositing 500 BTC worth about $38.24 million into institutional investor NYDIG for sale.
2. Riot’s selling strategy contrasts with some miners who choose to hold Bitcoin, raising concerns that ongoing miner selling could suppress Bitcoin's short-term price increases.
4. Institutional Forecasts and Industry Opinions
1. Ark Invest’s 2026 annual report predicts that, driven by accelerated institutional adoption, Bitcoin’s market cap will reach $16 trillion by 2030, with individual Bitcoin prices potentially exceeding $730k. The broader digital asset market could reach $28 trillion.
2. Industry experts believe that the U.S. national debt surpassing GDP confirms Bitcoin’s value as an inflation hedge due to its fixed supply. Institutional demand continues to grow, and Bitcoin’s recognition as a reserve asset is steadily increasing.
3. Strategy firms are increasing their Bitcoin holdings through preferred stock financing. Analysts are divided on this approach: some see long-term value in this strategy, while others warn of risks associated with relying on continuous Bitcoin price appreciation.
5. Bitcoin Industry Infrastructure and Miscellaneous Items
1. Galoy is expanding its native Bitcoin banking platform, integrating six core services—including Bitcoin lending, payments, and custody—for U.S. banks and credit unions, promoting traditional financial institutions’ entry into Bitcoin-related services.
2. The industry is beginning to develop Bitcoin risk mitigation measures. Paradigm has proposed the PACT timestamp mechanism to counter Bitcoin quantum attack risks; leading stablecoin Tether reported a net profit of $1.04 billion in Q1 2026, with excess reserves reaching $8.23 billion.