Bitcoin whales have purchased over $11 billion worth of BTC in just two weeks, signaling renewed confidence in the market, according to blockchain analytics firm Glassnode.
Since March 11, large Bitcoin holders have accumulated more than 129,000 BTC, worth around $11.2 billion at a market price of $87,500. This is the most significant accumulation rate since August 2024, Glassnode said in a post on X, underscoring growing optimism among large investors.
Despite macroeconomic uncertainty and mixed technical indicators that have raised concerns about Bitcoin’s recent price rally, the actions of 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.
Glassnode’s 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.
*This is not investment advice.
