Analyst: Despite the ongoing macroeconomic uncertainty, whales are increasing their holdings of Bitcoin, showing confidence in Bitcoin's prospects.

GateUser-6433627c · 2025-03-27T12:00:56+00:00

Some large investors' buying behavior shows optimistic expectations for the Bitcoin market. Glassnode data indicates that "Whales" have accumulated over 129,000 BTC since March 11, worth $11.2 billion. This is the fastest accumulation rate since 2024, reflecting an increase in confidence among the market's largest participants. Bitcoin rebounded under the influence of the Federal Reserve's remarks, and the market is optimistic about Trump's tariff expectations on April 2.

GateUser-6433627c

2025-03-27 12:00:56

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On March 27, Coindesk analyst Omkar Godbole said that while macroeconomic uncertainty and technical indicators have raised doubts about Bitcoin’s recent rally, the buying behavior of some large investors shows more optimistic market expectations. Since March 11, Bitcoin whales have bought more than 129,000 BTC, with a total value of $11.2 billion at a market price of $87,500, according to data tracked by blockchain analytics firm Glassnode. According to Glassnode, this is the most significant rate of Bitcoin accumulation since August 2024, indicating that confidence in the cryptocurrency is growing among the largest players in the market. Bitcoin has partially recovered since falling below a low of $78,000 two weeks ago. The rally was largely driven by dovish Fed rhetoric, while the market was optimistic about a dovish expectation of upcoming Trump tariffs on April 2.

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