Bitcoin (BTC) whales reportedly accumulated BTC worth 11 billion dollars with great confidence in the last two weeks, despite macroeconomic uncertainties.
According to Glassnode's data, Bitcoin whales have displayed the fastest purchasing pace since August 2024, buying 129,000 BTC (approximately 11.2 billion dollars) since March 11. This indicates that the confidence of the largest investors in Bitcoin has increased.
Recently, the price of BTC entered a recovery phase after falling below $78,000. This improvement was supported by the hawkish comments from the Federal Reserve and optimistic expectations that the Trump tariffs expected on April 2 would be more moderate.
Whale buying wave
According to Glassnode's analysis, whale addresses holding over 10,000 BTC are driving the market by buying, despite the continued sell-off from small investors. However, it seems that these major players are leaning towards the strategy of holding BTC. Finally, 30-day position change data suggests that whales are accelerating buying.
Data shows that large investors continue to make clear purchases, unlike small investors. Glassnode suggests that this situation indicates there is more growth potential in the Bitcoin market.
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According to Glassnode, March 11 changed the fate for Bitcoin: Hundreds of thousands were collected! - Coin Bulletin
Bitcoin (BTC) whales reportedly accumulated BTC worth 11 billion dollars with great confidence in the last two weeks, despite macroeconomic uncertainties.
According to Glassnode's data, Bitcoin whales have displayed the fastest purchasing pace since August 2024, buying 129,000 BTC (approximately 11.2 billion dollars) since March 11. This indicates that the confidence of the largest investors in Bitcoin has increased.
Recently, the price of BTC entered a recovery phase after falling below $78,000. This improvement was supported by the hawkish comments from the Federal Reserve and optimistic expectations that the Trump tariffs expected on April 2 would be more moderate.
Whale buying wave
According to Glassnode's analysis, whale addresses holding over 10,000 BTC are driving the market by buying, despite the continued sell-off from small investors. However, it seems that these major players are leaning towards the strategy of holding BTC. Finally, 30-day position change data suggests that whales are accelerating buying.
Data shows that large investors continue to make clear purchases, unlike small investors. Glassnode suggests that this situation indicates there is more growth potential in the Bitcoin market.