On Wednesday, April 30, 2025, the price of Bitcoin ($BTC ) experienced a significant surge, trading in the range of $94,900 or around Rp 1.59 billion. This increase was driven by several key factors strengthening positive sentiment in the crypto market.

Factors Driving Bitcoin Price Increase

• Large Inflows to Bitcoin ETF

In the past week, ETFs tracking Bitcoin and Ether attracted over $3.2 billion, with the iShares Bitcoin Trust ETF (IBIT) recording inflows of nearly $1.5 billion—the largest this year. Other ETFs such as the ARK 21Shares Bitcoin ETF (ARKB) and the Fidelity Wise Origin Bitcoin Fund (FBTC) also recorded significant inflows.

• Accumulation by Large Investors (Whales)

On-chain data shows that entities holding more than 10,000 BTC have increased their positions, reflecting bullish sentiment among large investors.