Bitcoin ETF rebounds after eight consecutive days of net inflows, but macro liquidity constraints remain – In-depth analysis and trading strategies for the cryptocurrency market, April 28, 2026.
In late April 2026, the cryptocurrency market showed significant signs of a rebound. The US spot Bitcoin ETF saw net inflows for eight consecutive trading days since April 14th, accumulating $2.09 billion, bringing the total inflows for April to date to $2.43 billion, marking the longest consecutive net inflow streak since October 2025. Bitcoin's price rebounded from a low of approximately $68,000 in early April to approximately $78,700 on April 26th, a monthly increase of 15.54%. However, the current price is facing key technical resistance at the 21-week exponential moving average (EMA) around $78,000. Meanwhile, the Federal Reserve maintained a tight interest rate stance of 5.25%–5.50%, core PCE remained in a sticky range of 2.7%–2.9%, and real interest rates were as high as 1.7%–1.8%, indicating a still tight global liquidity environment. This article analyzes the situation from four dimensions: capital flow, technological structure, macro environment, and on-chain data, and proposes a tiered operational strategy of "cautiously bullish in the short term, focusing on breakthrough verification in the medium term, and positioning for structural opportunities in the long term."