Although macroeconomic uncertainty and technical indicators raise doubts about recent Bitcoin (BTC), the purchase activity of some of the largest investors indicates a more optimistic perspective.
Since March 11, the so -called Bitcoin whales have collected more than 129,000 BTC, with a value of $ 11.2 billion at the market price of $ 87,500, according to data tracked by the Blockchain Glassnode analysis firm.
That is the most significant accumulation rate since August 2024, indicating growing confidence in the largest cryptocurrency among the largest market participants, said Glassnode in X.
BTC has recovered some balance, since it reached minimal below $ 78K about two weeks ago. The recovery has been led by comments from Dovish of the Federal Reserve and the optimism that Trump’s imminent rates on April 2 will be measured more than expected.
Glassnode’s analysis revealed that the directions of cryptographic whales with more than 10,000 BTC compensate for the continuous sale of small headlines.
Other indicators, such as the “Bitcoin 1y+ Hold Wave”, tracked by Bitbo Charts show a renewed increase, which indicates a change to a retention strategy, as pointed out by the Wednesday of Crypto Americas Daybook.
