MicroStrategy Saylor enters the market again! Bitcoin spot ETF attracted more than $3 billion in a single week, and the market outlook for May is optimistic

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ABMedia
04-28
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MicroStrategy (Strategy) founder Michael Saylor again hinted at buying Bitcoin on 4/27 on Twitter (X). At the same time, the number of whale wallets holding over $1 million in Bitcoin has reached 137,600. The weekly net inflow of Bitcoin spot ETF has also exceeded $3 billion, with the May market outlook looking promising and market recovery expected.

Saylor's Post Sparks Excitement, MicroStrategy Hints at Buying Bitcoin Again

Saylor posted on Twitter (X) on 4/27, saying: "Stay humble, stack more Bitcoin." The market generally believes MicroStrategy will announce a new Bitcoin buying action on 4/28.

Saylor again hints at entering Bitcoin

MicroStrategy just announced last week (4/21) that it added $555 million at an average price of $84,785 per Bitcoin, currently holding the top spot for corporate Bitcoin holdings globally.

MicroStrategy sits at the top of the top 10 Bitcoin corporate holders

Data shows from MicroStrategy:

  • Accumulated over 538,000 Bitcoins
  • Total position value exceeds $50.5 billion
Total Bitcoin holdings reach 538,000 Bitcoins, firmly leading global corporate holdings

Whales and Institutions Synchronize Investments, May Market Highly Anticipated

Besides MicroStrategy, other whales and institutions are also taking action. According to glassnode data, from early April, the number of wallet addresses holding at least $1 million in Bitcoin increased from 124,000 on 4/7 to 137,600 on 4/26, indicating continuous BTC accumulation by large holders.

Number of wallet addresses holding $1 million in Bitcoin reaches 137,000

Especially whales holding over 10,000 Bitcoins, there's a trend of "active buying" with a Rend Score of 0.90, reflecting that even as prices approach $100,000, many large holders are buying the dip and shifting to long-term holding.

Bitcoin Spot ETF Attracts $3 Billion in a Week, Boosting BTC Rebound

In addition to large holders increasing positions, US Bitcoin spot ETF inflows are also strong.

According to Farside Investors data, the US Bitcoin spot ETF gained over $3 billion in net inflows in the past week, creating the second-highest weekly inflow since listing, which is also a key factor in pushing Bitcoin's weekly gains to nearly 12%.

Bitcoin spot ETF weekly inflows exceed $3 billion

Risk Warning

Cryptocurrency investment carries high risks, and prices may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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