Gate News message, April 20 — Digital asset investment products recorded $1.4 billion in inflows last week (April 14-20), marking the third consecutive week of positive flows and the strongest weekly total since January. The surge reflects renewed market sentiment as geopolitical tensions eased and Bitcoin broke above $76,000, signaling a technical shift after weeks of sideways trading. March inflation data further supported the move, with CPI at 3.3% and core inflation at 2.6%, both perceived as supply-driven rather than systemic, reducing pressure on risk assets.
Bitcoin led the rally with $1.116 billion in inflows, bringing its year-to-date total to $3.1 billion, according to Coinshares data. Short Bitcoin products saw only $1.4 million in inflows, indicating limited hedging demand as investors favor upside exposure. Regionally, the United States accounted for $1.5 billion of total inflows, while Germany posted modest gains of $28 million. Switzerland diverged sharply with $138 million in outflows—its largest weekly exit since November—suggesting selective risk positioning rather than uniform global optimism.
Ethereum attracted $328 million, recording its strongest week since January and bringing year-to-date inflows to $197 million. In contrast, XRP and Solana saw outflows of $56 million and $2.3 million respectively. Despite the outflows, Solana’s price action remains constructive, trading near $85.85 with steady weekly gains and strong volume.
According to analyst Celal Kucuker, Solana could rally toward $300 to $450 under favorable market conditions. Technically, the asset maintains a long-term ascending trendline supported by consistent higher lows. Price recently rebounded from the $70-$85 demand zone and now approaches key resistance between $130 and $160. A confirmed breakout above this range could open a path toward $190-$220. However, failure to hold above $130 would weaken the bullish structure, with continuation dependent on sustained liquidity and broader market strength.
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