Crypto Markets Mixed: Bitcoin Tops $77K as Shorts Squeezed; Ethereum Tests Key Support Ahead of Volatile May; SHIB Eyes Breakout

Bitcoin climbed above $77,000 as short positions came under pressure and rallies ran without obvious caps, according to market reports. Spot Bitcoin ETFs registered net inflows of roughly $14.76 million on April 30, and buyers stepped in after a brief dip below $76,000, supporting the move ^{[1] [2]}.

Ethereum traded near $2,260 and tested a critical support zone as traders braced for potentially extreme volatility in May; analysts warned that a break below the $2,150–$2,200 range could accelerate downward momentum. Derivatives metrics cited in reporting showed negative taker buy-sell ratios and negative funding rates, indicating near-term bearish sentiment, while exchange-specific data (Binance) reflected relatively more bullish positioning ^{[3] [4]}.

Shiba Inu (SHIB) remained in a tight range with bulls targeting a recovery above $0.00000639 as the token attempted to regain momentum ^[5].

In sum, coverage highlighted Bitcoin’s near-term strength and ETF inflows, Ethereum’s testing of key technical support ahead of a potentially volatile May, and modest recovery attempts among altcoins such as SHIB; separate reporting also noted concerns about concentration risk tied to very large BTC holders ^{[1] [2] [4] [5] [6]}.