Bitcoin Accumulation by Large Entities Signals Major Move Ahead Despite ETF Outflows
Bitcoin’s price faced a temporary decline on April 30, 2025, driven by a $56.23 million net outflow from US-listed spot Bitcoin ETFs—the first such outflow in two weeks. While Fidelity’s FBTC and Ark & 21Shares’ ARKB saw significant outflows, BlackRock’s IBIT recorded a substantial $267 million inflow, briefly pushing BTC below $93,000. Despite these ETF headwinds, on-chain data indicates that large entities continue to accumulate Bitcoin, suggesting strong institutional confidence and a potential major price movement ahead. This accumulation trend highlights the resilience of Bitcoin’s long-term value proposition, even amid short-term market fluctuations.
Bitcoin Large Entities Are Accumulating Despite BTC ETF Outflows, Major Move Ahead?
Bitcoin’s price experienced a brief dip on April 30, pressured by a $56.23 million net outflow from US-listed spot Bitcoin ETFs—the first in two weeks. Fidelity’s FBTC and Ark & 21Shares’ ARKB outflows overshadowed BlackRock IBIT’s $267 million inflow, pushing BTC momentarily below $93,000.
Despite ETF headwinds, on-chain data reveals large entities continue accumulating BTC, signaling institutional conviction. market capitalization holds firm at $1.89 trillion with 24-hour trading volume reaching $26.92 billion, suggesting underlying demand may outweigh short-term liquidity fluctuations.
Bitcoin Developers Clash Over OP_RETURN Data Limit Proposal
The Bitcoin community faces its most contentious debate since the 2017 hard fork as developers wrestle with PR #32359—a proposal to eliminate the 83-byte cap on OP_RETURN transactions. This technical adjustment could redefine Bitcoin’s role as a data storage layer, reigniting ideological battles about the protocol’s fundamental purpose.
Proponents argue larger data payloads would unlock novel use cases, while opponents warn of blockchain bloat. The last significant fork occurred when Bitcoin Cash split from BTC over block size disputes. Market observers note heightened volatility in BTC derivatives as traders price in potential chain split risks.
Bitcoin Shows Resilience Amid U.S. Economic Contraction
Bitcoin (BTC) demonstrated remarkable resilience following a brief downturn triggered by weaker-than-expected U.S. GDP data. The Bureau of Economic Analysis reported a 0.3% contraction in Q1 2025, attributed to surging imports and reduced government spending. Markets initially reacted negatively, with BTC briefly dipping to $93,000 and the S&P 500 falling to 5,432 points.
The recovery was swift and decisive. By Thursday morning, Bitcoin had erased all losses, mirroring the S&P 500’s rebound to 5,568 points. This price action underscores Bitcoin’s evolving maturity as an asset class, increasingly decoupling from traditional market panic cycles.
Metaplanet Expands into US Bitcoin Market with $250M Treasury Strategy
Japanese investment firm Metaplanet is making a strategic push into the US Bitcoin ecosystem with the launch of Metaplanet Treasury Corp., a Florida-based subsidiary. The move signals the company’s ambition to solidify its position as a global Bitcoin treasury player.
The new entity plans to raise $250 million to bolster its BTC reserves and enhance liquidity solutions for institutional investors. CEO Simon Gerovich describes the expansion as a pivotal moment in Metaplanet’s evolution, with Florida selected for its growing reputation as a Bitcoin innovation hub.
New Statue of Satoshi Nakamoto Unveiled in Fornelli, Italy
The enigmatic creator of Bitcoin, Satoshi Nakamoto, now has a physical monument in Fornelli, Italy. The statue, erected in the town’s public square, stands as a testament to Nakamoto’s indelible mark on global finance through the invention of Bitcoin.
This tribute underscores Bitcoin’s cultural significance as much as its technological innovation. The artwork symbolizes the cryptocurrency’s journey from obscure whitepaper to mainstream financial asset.
