Bitcoin whales have accumulated over 129,000 BTC, worth $11.2 billion, since March 11, according to Glassnode data. This marks the most significant accumulation rate since August 2024, indicating growing confidence among major market participants. This activity coincides with Bitcoin's recovery from lows under $78,000 two weeks ago, fueled by dovish Federal Reserve comments and optimism surrounding impending tariffs. Glassnode's analysis reveals that these large addresses, holding over 10,000 BTC, are offsetting selling pressure from smaller holders. Additionally, the "Bitcoin 1Y+ HOLD wave" indicates a shift towards a holding strategy.
Bitcoin Whales Accumulate $11.2 Billion Since March 11, Signaling Renewed Confidence
Edited by: Yuliya Shumai
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