Bitcoin whales have acquired over $11 billion worth of Bitcoin in the past two weeks, signaling renewed confidence in the cryptocurrency market.
Significant Bitcoin Accumulation
Since March 11, large Bitcoin holders have accumulated more than 129,000 BTC, worth approximately $11.2 billion at a market price of $87,500. This represents the most significant accumulation rate since August 2024, according to analytics firm Glassnode, highlighting growing optimism among large investors.
Macroeconomic Uncertainty and Bitcoin's Growth
Despite macroeconomic uncertainty and mixed technical indicators raising concerns about Bitcoin’s recent price rally, the moves by major investors have been more bullish. After falling below $78,000 two weeks ago, BTC has rebounded amid dovish signals from the Federal Reserve and expectations that the tariffs the Trump administration will impose on April 2 may be less severe than initially feared.
Whale Addresses Supporting the Market
Glassnode data also shows that Bitcoin whale addresses holding more than 10,000 BTC are helping offset ongoing selling pressure from smaller investors. This accumulation trend suggests that institutional and high-net-worth investors continue to have confidence in BTC’s long-term potential.
Large holders continue to see potential in Bitcoin despite economic uncertainty, supporting the market with their substantial accumulation.
