Bitcoin sees $275B inflows in April but demand remains weak despite price gains

Bitcoin recorded its first monthly close in nine months in April, with inflows hitting $275 billion, the highest since August 2025. Despite a 30% price rise since February, demand metrics show that accumulation is still insufficient to confirm a sustained bull market, as the Bitcoin Apparent Demand Growth remains negative. However, short-term indicators like four days of buyer dominance and $157 million in net buys suggest growing market conviction. Declining volatility and rising trading volumes hint at potential institutional positioning and a possible breakout ahead.