Who’s Driving Bitcoin’s Rally?Bitcoin / TetherUSBINANCE:BTCUSDTCFIThe recent rise in Bitcoin prices is driven by strong momentum in spot Bitcoin ETF inflows, reflecting renewed institutional demand. Flows have turned positive since March and accelerated further in April, with weekly inflows reaching $1 billion and exceeding $2 billion in total over recent weeks. This points to growing institutional participation through major funds such as BlackRock’s ETF. These inflows have a direct impact on the market, as funds purchase actual Bitcoin, reducing available supply and creating upward pressure on prices. Alongside improving risk appetite, these factors form a solid foundation supporting the continuation of the current uptrend. From a technical perspective, Bitcoin continues to trade within a broader uptrend, forming higher highs and higher lows, which maintains positive momentum. The current pullback appears corrective and may extend toward lower levels, such as 74,959.46, which represents the 78% Fibonacci retracement level, an area where bullish reactions often emerge. Meanwhile, the 73,762.90 level represents the last higher low formed before the recent breakout to new highs. The price must hold above this level and avoid forming a lower low on the four-hour timeframe to preserve the current bullish structure.