Bitcoin (BTC) Whales Resume Accumulation After Brief Dormancy

On-chain data suggests that Bitcoin (BTC) whales – cryptocurrency wallets holding significant BTC amounts – have resumed accumulation after a brief period of dormancy.

This news article from Benzinga mentions on-chain data from multiple sources, including crypto analyst Ali Martinez on X (formerly Twitter), and tracks Bitcoin (BTC) whale activity. The article also cites macroeconomic developments, including inflation figures and reports of President Donald Trump adopting a softer stance on retaliatory tariffs.

On-chain data suggests that Bitcoin (BTC) whales – cryptocurrency wallets holding significant BTC amounts – have resumed accumulation after a brief period of dormancy.

According to an X post by seasoned crypto analyst Ali Martinez, 48 new wallets now hold 100 or more BTC. A surge in whale accumulation often signals rising confidence in Bitcoin’s long-term value.

BTC has climbed over 15% from its March 10 low of approximately $76,600. At press time, BTC is trading in the high $80,000s.

Several crypto analysts believe BTC may have already bottomed out this cycle and entered a new bullish phase, potentially setting the stage for a fresh all-time high (ATH).

Recently, noted crypto entrepreneur and former BitMEX CEO Arthur Hayes suggested that BTC ‘probably’ hit this cycle’s bottom during the March 10 dip to $76,600.

However, Hayes cautioned that while bottom may be in for BTC, stocks could still face further downside.

Moreover, in their latest investor memo, digital asset management firm Bitwise hinted that on a risk-adjusted basis, now could be an opportune time to buy BTC.