On April 7, spot trading volume for Bitcoin on Binance climbed to $2.03 billion, marking its first move above $2 billion since the start of April 2026.

One day later, on April 8, BlackRock’s IBIT recorded its first positive inflow of the month, reaching $2.04 billion.

The rise in Binance spot volume came one day before BlackRock’s positive ETF flow, suggesting that renewed activity in the spot market may have appeared before institutional demand turned positive again through the ETF channel.

On the [Bitcoin] Spot Trading Volume by Exchange chart, Binance led the move with $2.03 billion in daily spot volume on April 7.

On the [Bitcoin ETF] Daily Netflow Trend chart, BlackRock posted $2.04 billion in positive netflow on April 8, its first positive reading of April.

If this pattern continues, it could point to strengthening real demand for Bitcoin across both crypto-native and institutional venues.

Written by Amr Taha