April’s $1.97 billion in spot Bitcoin ETF inflows was the highest monthly total of 2026, setting the stage for the $80,000 reclaim.CryptoQuant analysts said the rally is driven by ETF inflows and leveraged longs, not broad-based spot buying, a pattern historically linked to fragile gains.Polymarket odds put the chance of Bitcoin reaching $90,000 in May at just 23%, reflecting low conviction about further upside.