While macroeconomic uncertainty and technical indicators raise doubts about recent Bitcoin gains (BTC), the activity of purchasing some of the largest investors indicates a more optimistic perspective.
Since March 11, the so-called Bitcoin whales have increased by more than 129,000 BTC, worth $ 11.2 billion at market prices of $ 87,500, according to data followed by the Blockchain Glassnode analysis company.
This is the largest accumulation rate since August 2024, indicating growing confidence in the largest cryptocurrency among the largest participants in the market, commented X.
BTC has found a balance, since it reached lower than $ 78,000 about two weeks ago. The recovery was led by dominant comments from the Federal Reserve and the optimism that the prices of Trump imminent on April 2 will be more measured than expected.
Glassnod’s analysis revealed that cryptocurrency is addressed with more than 10,000 BTC compensating for the continuous sale by small holders.
Other indicators, such as the “Bitcoin 1y + Hold Wave”, followed by Bitbo graphics show a renewed recovery, indicating a transition to a maintenance strategy, as noted on Wednesday edition of the Crypto Americas Daybook.
