Bitcoin Whales Spend $11 Billion in Two Weeks, Boosting Market Confidence
Over the past two weeks, Bitcoin whales have made significant moves, acquiring more than $11 billion worth of BTC, signaling a notable shift in market sentiment, according to blockchain analytics firm Glassnode.
Between March 11 and now, these large investors have purchased over 129,000 BTC, valued at approximately $11.2 billion, based on a market price of $87,500.
This surge in accumulation is the most substantial since August 2024, signaling increasing optimism among big players in the market.
Despite economic uncertainties and mixed signals from Bitcoin’s recent price movements, large-scale investors remain optimistic.
After BTC dipped below $78,000 a couple of weeks ago, the cryptocurrency has experienced a rebound, partly due to dovish signals from the Federal Reserve and expectations that upcoming tariffs from the Trump administration may be less severe than anticipated.
Further data from Glassnode highlights that Bitcoin addresses holding over 10,000 BTC are helping to counterbalance selling pressure from smaller investors, reinforcing the notion that institutional and high-net-worth individuals are continuing to invest in Bitcoin’s long-term growth potential.
Editorial Team
Reporter at Coindoo
