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Macroeconomic risks and instability in technical indicators overshadow the recent surge of Bitcoin 
$101,331. However, the growing interest from institutional players could shift market perceptions. Notably, significant purchases by large investors, known as whales, indicate sustained confidence in Bitcoin. Despite price fluctuations, the active participation of major players opens the door to an optimistic atmosphere. As small investors sell off, the buying activity of larger investors creates a striking balance.
Record Purchases from Whales: A $11.2 Billion Move
Since March 11, large investors identified as whales have acquired over 129,000 Bitcoin while the market price hovered around $87,500. This corresponds to a total value of approximately $11.2 billion. Such a high volume of purchasing indicates an accumulation level not seen since August 2024. These transactions reveal that despite short-term uncertainties, long-term expectations remain strong.
On-chain analysis platform Glassnode interprets this trend as reflecting “increased confidence among major market participants.” The aggressive buying by large investors not only supports prices but also influences market psychology. While small investors remain on the selling side, the whales filling this gap create a balancing mechanism.
Technical Indicators and Fed Optimism
After falling below $78,000 two weeks ago, Bitcoin has entered a recovery phase. Factors contributing to this rebound include cautious statements from the Federal Reserve (Fed) and optimistic expectations regarding the impending tightening tariff policies set to take effect on April 2. These developments foster a sense of short-term confidence among investors.
According to Glassnode data, addresses holding more than 10,000 BTC continue to balance out the selling from smaller investors. This situation suggests that long-term holding strategies are still robust. Particularly, the increase in Bitcoin classified as “1Y+ HOLD,” which has not been moved for extended periods, indicates that investors are becoming immune to fleeting price swings.
Crypto Daybook Americas evaluates this trend as a “strong inclination towards long-term strategies.” Although the market still appears fragile, the interest from large investors indicates that long-term objectives continue to be preserved.
