Bitcoin Whale Addresses Record Over $3.6 Billion Inflow as Bulls Bid Recovery
Bitcoin (BTC) has shown signs of a long-term upward momentum in the past 48 hours. The crypto markets surged following similar macro sentiments after President Trump announced a 90-day pause on tariffs. This led to a jump in whale holdings and other positive movements keen to boost bull sentiments.
The Largest Single-Day Inflow in Two Years
According to CryptoQuant data, Bitcoin accumulation addresses recorded the largest daily inflow since February 2022. After the pause on sweeping tariffs, whales purchased 48,575 BTC igniting fresh optimism. On Feb 1 2022, accumulation addresses picked up 95,000 BTC when the price hit $38,400.
Both transactions were worth around $3.6 billion, a striking coincidence made with soaring institutional demand. Whale inflows help shape the wider markets direction leading to an influx of retail participants. After the large inflow, several small purchases were also recorded in these wallets.
President Trumps increased tariffs on China created a good opportunity for whales to buy this dip. This year, the ongoing US-China trade war has impacted global trades with much impact on crypto assets. Bitcoin price dropped 23% from an all-time high above $109k to $82k following increased sell pressures.
The recent turnaround has led to over-the-top accumulations and signs of longer-term holdings. Within 48 hours, several traders have moved assets off exchanges to other custodians signaling improved sentiments. Institutional investment in Bitcoin products also jumped, taking the price up 7%.
Whale purchases were dominant in altcoins on the back of Bitcoins rally. XRP, Solana, and Ether traders bought a large amount of assets erasing losses seen earlier this week. At the time of writing, total assets gained 6% from its low point with a $2.6 trillion market cap.
BTC Metrics Points Upwards
Several on-chain metrics have signaled a continuing price uptick this month. Bitcoins long-term holders realized cap spiked this week showing the level of bull sentiment in the market. This metric soared above $18 billion, the first time since September 2024.
A rising LTH Realized Cap suggests LTHs are buying and holding accumulation phase.
A declining LTH Realized Cap may indicate long-term distribution (LTHs taking profits) the first time weve seen that level since September 2024 (highlighted by green arrows). Given how rare this LTH realized cap change magnitude is, it could mark a major inflection point, CryptoQuant researchers wrote.
Read more: https://zycrypto.com/bitcoin-whale-addresses-record-over-3-6-billion-inflow-as-bulls-bid-recovery/
Text source: ZyCrypto
