Whales Fuel Bitcoin's Comeback with Major Accumulation

Whales Fuel Bitcoin's Comeback with Major Accumulation

By Jakub Lazurek

25 Apr 2025 (23 days ago)

1 min read

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Large Bitcoin holders are actively buying again, signaling renewed confidence as prices rebound.

Bitcoin's price has surged back to around $94,000 after dipping below $75,000 earlier this month. This recovery is largely driven by significant buying from "whales"—investors holding over 10,000 BTC.​

According to Glassnode, these whales have an Accumulation Trend Score of 0.90, indicating strong buying activity. Wallets with 1,000 to 10,000 BTC also show a positive trend with a score of 0.7. Even smaller holders are starting to accumulate, reflected by a score of 0.5.

Additionally, CryptoQuant reports the highest BTC outflow from exchanges in two years, suggesting that investors are moving their holdings to long-term storage, reducing the available supply on the market.

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