Whales Accumulate $3.6 Billion in Bitcoin in One Day
Bitcoin has increased to above $83,000 after a correction period, influenced by US President Donald Trump's announcement of a 90-day pause on tariffs. The asset remains approximately 24% below its all-time high of over $109,000 from January, but the recent decline is now in single digits weekly.
$3.6 Billion Inflows Indicate Institutional Interest
- On April 9, accumulation addresses received 48,575 BTC, valued at around $3.6 billion.
- This inflow is the largest since February 2022 and suggests renewed institutional activity.
- Accumulation wallets typically increase holdings during market pullbacks; this transaction occurred when Bitcoin was around $76,000.
- The volume of inflows mirrors past events during macroeconomic instability.
Massive $3.6 Billion Bitcoin Inflow to Accumulation Addresses!
“Bitcoin accumulation addresses received 48,575 BTC — the largest single-day inflow since February 1, 2022.” – By @burak_kesmeci
Whales Increase Holdings Amid Low Activity
- Whale wallets have added over 100,000 BTC since March, despite reduced on-chain activity and retail participation.
- Smaller investors are withdrawing funds, while large holders are capitalizing on lower prices.
- This strategy aims to lower average acquisition costs for potential long-term gains.
This behavior may not lead to immediate price changes but could position the market for a significant upward move as sentiment improves.