Bitcoin Whales Buy $11 Billion in Two Weeks, Price Stabilizes at $87,500

Bitcoin whales, investors holding large amounts of the cryptocurrency, have demonstrated significant confidence in Bitcoin's future by purchasing over $11 billion worth of BTC in just two weeks. This accumulation, totaling approximately 129,000 BTC, marks the highest rate of buying since August 2024, according to data from blockchain analytics firm Glassnode. The market price of BTC during this period was around $87,500.

This substantial buying spree by whales indicates a bullish sentiment among major market participants, despite ongoing macroeconomic uncertainties. The recent recovery in Bitcoin's price, which had fallen below $78,000 about two weeks prior, has been influenced by several factors. Dovish comments from the Federal Reserve and optimism surrounding the upcoming Trump tariffs, which are anticipated to be more measured than initially expected, have contributed to this positive shift in sentiment.

Glassnode's analysis further reveals that crypto whale addresses holding over 10,000 BTC have been offsetting the selling pressure from smaller holders. This dynamic suggests that large investors are actively supporting the market, which has helped to stabilize Bitcoin's price around the $87,500 mark. Additionally, other indicators, such as the "Bitcoin 1Y+ HOLD wave" tracked by Bitbo Charts, show a renewed upswing. This trend indicates a shift towards a holding strategy among investors, which is generally seen as a bullish sign.

The accumulation by whales serves as a clear signal of their belief in Bitcoin's long-term value and potential for future growth. Despite the macroeconomic uncertainties and technical indicators that raise doubts about Bitcoin's recent gains, the actions of these large investors indicate a more optimistic outlook. This confidence is further bolstered by the dovish stance of the Federal Reserve and the measured approach to tariffs, which have helped to stabilize the market and reduce some of the uncertainty that has been weighing on investor sentiment.