CNBC’s Expert Analyst Reveals the Most Hated Crypto Rally is on the Verge of Unfolding

CNBC contributor Ran Neuner argues Bitcoin’s recent advance—despite widespread skepticism—is being sustained by institutional demand, on-chain accumulation and macro-market momentum. Bitcoin traded around $76.2k (up 0.88% 24h) after U.S. spot Bitcoin ETFs logged $186.03m of inflows on April 15 and whale accumulation hit its highest 30-day level since 2013 (270,000 BTC). MicroStrategy’s $6.3bn preferred stock raise (11.5% monthly dividend) is identified as a key catalyst, with proceeds earmarked for BTC buys. Broad equity strength (US SP 500 near record highs; strong gains in Nikkei/Kospi) and elevated stablecoin supply ($320bn) increase squeeze potential. Technicals: support near $74,000, resistance at $75,400–$75,600; break below $74,000 risks $73,000. Traders are also watching an SEC CLARITY Act roundtable for regulatory signals. Overall, the piece frames the move as a “most-hated” but survivable rally driven by institutional flows and macro tailwinds.