El Salvador Defies IMF, Steadily Accumulating Bitcoin Reserves Amid Market Fluctuations
Despite public assurances to the International Monetary Fund (IMF) about halting Bitcoin purchases, El Salvador continues to quietly expand its cryptocurrency reserves. On-chain data reveals ongoing growth in the nation’s Bitcoin holdings, contradicting IMF director Rodrigo Valdes’ April 26 statement confirming compliance with non-accumulation policies. This development highlights El Salvador’s unwavering commitment to its pioneering crypto adoption stance, even as Bitcoin’s price fluctuates around $105,151.48 USDT.
El Salvador Quietly Expands Bitcoin Reserves Despite IMF’s Fiscal Reform Focus
El Salvador continues to accumulate Bitcoin despite public assurances to the International Monetary Fund about halting such purchases. On-chain data reveals ongoing growth in the nation’s crypto reserves, contradicting IMF director Rodrigo Valdes’ April 26 statement confirming compliance with non-accumulation policies.
The Central American nation maintains its pioneering crypto adoption stance while simultaneously progressing with IMF-backed governance reforms. Valdes praised El Salvador’s ’strong and encouraging’ transparency efforts, though the unfinished sentence about their program suggests unresolved tensions between bitcoin ambitions and traditional fiscal oversight.
106K Bitcoin Outflows Signal Institutional Confidence Amid Price Volatility
Bitcoin has seen 106,217 BTC exit Coinbase since January 2025, defying its recent 0.68% price dip to $94,039. The sustained outflows suggest institutional players are accumulating despite short-term market turbulence.
Derivatives activity tells a contrasting story—declining volumes reflect trader caution, potentially capping near-term volatility. Bitcoin now tests a critical resistance level, leaving markets to weigh whether this marks an accumulation phase before upward momentum or a rejection point for further consolidation.
Bitcoin Open Interest Surges 20% in 20 Days as Leverage Fuels Volatility
Bitcoin continues to defy bearish expectations, holding firm above the $94,000 level after months of sideways trading. The resurgence of bullish momentum has shifted short-term market dynamics, though macroeconomic uncertainty and elevated leverage pose lingering risks.
Glassnode data reveals a 20% spike in Bitcoin open interest over three weeks, signaling growing trader conviction in further upside. This buildup of Leveraged positions could amplify price swings as BTC tests the upper bounds of its recent range.
Bitcoin Faces Critical Resistance Zone as Whale Activity Signals Bullish Sentiment
Bitcoin’s price action has reached a decisive inflection point, with a dense cluster of 1.76 million BTC creating formidable resistance between $94,125 and $99,150. The $94,500 level has emerged as a key battleground, repeatedly rejecting upward moves during the cryptocurrency’s recent rally.
On-chain analytics reveal substantial whale accumulation across exchanges, suggesting institutional players are positioning for a breakout. Despite short-term selling pressure, the underlying demand appears robust as Bitcoin aims to close April 2025 in positive territory. Market participants are closely watching whether the digital asset can overcome this supply wall or face consolidation.
IMF Confirms El Salvador’s Compliance with Bitcoin Freeze Pledge
The International Monetary Fund has verified that El Salvador remains committed to its pledge not to accumulate Bitcoin through public sector channels. During a recent discussion, IMF officials addressed concerns about the country’s Bitcoin transactions, clarifying that no undisclosed purchases have occurred.
Rodrigo Valdes, Director of the IMF’s Western Hemisphere Department, stated unequivocally that Salvadoran authorities continue to honor their agreement regarding Bitcoin reserves. The clarification came in response to questions about potential undisclosed transactions or reserve accumulation strategies.
Bitcoin Price Analysis: BTC Faces Major Resistance Ahead of ATH Challenge
Bitcoin has demonstrated significant bullish momentum, breaking through both the 100 and 200-day moving averages at $90K. This surge reflects strong buying pressure and a potential shift in market sentiment.
The cryptocurrency now approaches the critical $100K psychological barrier, where substantial supply is expected to create resistance. A consolidation phase is likely before any decisive breakout attempt.
Technical indicators suggest buyer dominance, but the $100K level remains a formidable challenge that could determine Bitcoin’s near-term trajectory.
