Bitcoin Whales Bought $11B of BTC in Two Weeks as Confidence Grew, Glassnode Says
Portfolio Pulse from
Blockchain analytics firm Glassnode reports that bitcoin whales have purchased over 129,000 BTC (worth $11.2 billion) in the past two weeks, marking the most significant accumulation since August 2024. This trend suggests growing confidence among large investors, despite macroeconomic uncertainties. The cryptocurrency has recovered from recent lows under $78K, supported by dovish Federal Reserve comments and expectations of measured Trump tariffs.
March 27, 2025 | 12:00 pm
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POSITIVE IMPACT
Large investors purchasing $11.2B in BTC indicates potential market support and confidence, which could stabilize or boost Bitcoin's price in the short term.
Significant whale accumulation typically signals market confidence. The large purchase volume ($11.2B) suggests institutional investors see value at current price levels, which could drive short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100