Bitcoin’s price has been bouncing around lately. After a dip, it climbed back above $83,000. This happened shortly after some good news on trade tariffs, which calmed things down in the markets a bit. While still down from its all-time high, Bitcoin’s recent losses are smaller now. This recovery is happening alongside some serious buying by big players.
Big Money Moves into Bitcoin
On April 9th, huge amounts of Bitcoin – about 48,575 BTC, or roughly $3.6 billion – flowed into wallets belonging to long-term investors. This is the biggest single-day inflow since February 2022! This kind of buying usually happens when the price drops, suggesting these investors are taking advantage of the lower prices. It’s interesting that this $3.6 billion inflow mirrors a similar event from February 1st, 2022, a time of economic uncertainty.
Whale Watching: More Buying, Less Activity
It’s not just the long-term investors; “whale” wallets (those holding massive amounts of Bitcoin) have also been buying consistently since March, adding over 100,000 BTC to their reserves. This is happening even though overall Bitcoin activity is lower and smaller investors are selling.
This shows a big difference between how big investors and small investors are behaving. While smaller investors are getting out, the whales are buying low to lower their average cost and prepare for future gains. This might not immediately affect the price, but it could lead to a bigger price increase later.
