Bitcoin Whales Accumulate Over $11 Billion in BTC Since March 11
Despite macroeconomic uncertainty and bearish technical indicators, large investors are showing optimism in bitcoin's (BTC) recent performance:
- Since March 11, bitcoin whales have purchased over 129,000 BTC, totaling $11.2 billion at a market price of $87,500.
- This accumulation rate is the highest since August 2024, indicating increased confidence among major market players.
- BTC has rebounded from lows under $78K, influenced by dovish Federal Reserve comments and expectations regarding upcoming Trump tariffs on April 2.
- Whale addresses with over 10,000 BTC are offsetting continued selling by smaller holders.
- The "Bitcoin 1Y+ HOLD wave" shows a renewed upswing, suggesting a shift towards a holding strategy.
