Bitcoin Whales Push BTC Price Higher as Market Rotates to Altcoins

The cryptocurrency market is witnessing the indications of a rally for altcoins as BTC consolidates around its all-time highs.

The cryptocurrency market is displaying interesting trends as attention shifts towards the possibility of a rally for altcoins while BTC consolidates around its all-time highs.

Cryptocurrency Market Trends: BTC Consolidates, Altcoins in Focus

With the Bitcoin price remaining in a holding pattern, analysts are now turning their attention to the altcoin sector, hoping that even the smaller crypto assets may see the next significant market move. This rotation of the market’s attention could trigger significant price surges for lower-cap altcoins.

In other developments, reports highlight that Bitcoin whales have recently acquired $3.5 billion worth of Bitcoin. As Crypto Rover reported on April 27, 2025, large investors made a massive purchase, which signals potential shifts in the market. Such activity usually lessens the available BTC supply, often resulting in price movements.

Bitcoin Accumulation Trend Across Investors

On-chain data from Glassnode showed a huge surge of transactions as more than 52,000 BTC was transferred into accumulation wallets from April 26 to April 27, 2025. At a total value of $3.48 billion, Bitcoin’s price was increased by 4.2% over a period of 24 hours. Interest from traders was generated by the rise in whale activity.

Recently, there has been a focus on whale acquisitions in the cryptocurrency market, highlighting a major move amid shifting investor sentiment. Analysts explained that such large purchases usually reflect strong confidence in BTC and could influence its future trajectory.

While it remains uncertain whether these actions are based on insider knowledge or market expectations, strategic accumulation typically signals optimism about the sector’s outlook. Whale activity often triggers sharp price movements, making it a critical indicator for crypto investors.

In a recent post on X, Glassnode analyzed changes in the Accumulation Trend Score across BTC investor cohorts. Wallets holding over 10,000 BTC are showing nearly perfect accumulation patterns, with a score of approximately 0.9. Wallets with 1,000 to 10,000 BTC are also heavily accumulating, around a 0.7 score, while holders of 100 to 1,000 BTC are steadily shifting toward accumulation at 0.5.

Bitcoin Price Movement

Bitcoin continues to be a dominant force in the cryptocurrency space. Priced at $94,129, it experienced a 0.60% decrease in the last 24 hours. With a market capitalization of $1.87 trillion, Bitcoin’s dominance remains unchallenged, despite recent price movements.

Bitcoin’s fully diluted valuation (FDV) is $1.97 trillion, highlighting its potential future value. The increase in trading volume to $18.24 billion, marking a 52.54% rise, shows that market participation is strong. The Vol/Mkt Cap ratio of 1.01% reflects trading activity relative to BTC’s overall market cap.