“Bitcoin whales have returned with all their strength”: Glassnode

Amid the price of Bitcoin (BTC), the whales of the market, called for more than 1,000 units, have reactivated their shopping tendency of this asset. This is confirmed on-chain of the Glassnode research company published this Thursday, April 24.

“The whales have returned with all their strength,” said Glassnode. Thus, these actors They join the strategy of investors that have 10,000 BTCwhich are in a marked tendency to accumulate Bitcoin for a month.

This is exhibited by the called metric “Accumulation tendency score by investment size“which assigns colors and values ​​according to the purchase or sale behavior of the Bitcoin holders.

According to this metric, level 1 (blue color) distinguishes investors who are in a strong buycoin purchase trend, while 0 (red color) suggests sale or inactivity in purchases. Meanwhile, intermediate points reflect a lower intensity of such behaviors.

According to this tool, Wallets with more than 10,000 BTC are marking a level of accumulation around 0.9, the highest of all groups. It is followed by investors between 1,000 and 10,000 BTC with an accumulation of 0.7.

At the same time, investors with between 100 and 1,000 BTC have decreased their sale pressure, passing from levels close to 0 to an average score of 0.5, as the following graph exhibits.

Meanwhile, unlike the rest, investors with less than 100 BTC continue at reddish levels close to 0. This indicates a Sustained sales tendency or lack of accumulation Among these actors.

Bitcoin rebounded at its maximum price in 2 months

This renewed interest on the part of the whales coincides with the increase in Bitcoin, which came to quote USD 94,000 yesterday, its highest price in almost two months. With this, it was 11% of its historical maximum of USD 109,000 registered at the end of January.

Bitcoin’s increase was driven by a combination of macroeconomic and geopolitical factors. The US president Donald Trump has advanced in conversations to negotiate tariff agreements, as cryptootics reported.

Trump’s most moderate approach in commercial relations has contributed to a rebound in stock markets and cryptocurrencies, said Carolina Gama, Country Manager of Exchange Bitget in Argentina.

In addition, in the midst of economic uncertainty, The “active shelter” narrative gains strength before the capital of assets called in dollars. “Bitcoin and Gold emerge as the main beneficiaries of this new moment of global investment reallocation,” said the specialist.

With this context, the reactivation of the purchasing pressure of the whales reflects the recomposition of their upward feeling. This change pushes the possibility that the price of Bitcoin maintains the increase, while the development of the macroeconomic environment does not move them away.