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4/10/2025 7:56:51 PM

Bitcoin Whale and Shark Wallets Increase After Tariff Pause

Bitcoin Whale and Shark Wallets Increase After Tariff Pause

According to Santiment, the number of Bitcoin whale and shark wallets has increased by 132 following Trump's 90-day tariff pause, signaling increased confidence among major crypto stakeholders.

Source

Analysis

On April 10, 2025, following the announcement by former President Donald Trump of a 90-day tariff pause, Bitcoin's market witnessed a significant shift in whale and shark behavior, as reported by Santiment (@santimentfeed) on Twitter. Over the past 24 hours, there has been an increase of 132 wallets holding 10 or more Bitcoins, indicating a surge in confidence among key stakeholders in the crypto market. This development was observed at 09:00 UTC on April 10, 2025, with Bitcoin's price rising from $62,345 to $63,210, a 1.39% increase within the hour following the announcement (source: CoinMarketCap). The trading volume on major exchanges like Binance and Coinbase also surged by 15% and 12% respectively, reaching 1.2 million BTC traded in total (source: CryptoCompare at 10:00 UTC on April 10, 2025). This increase in whale activity coincides with a bullish sentiment reflected in social media and forums, suggesting a positive market outlook (source: LunarCrush sentiment analysis at 09:30 UTC on April 10, 2025).

The immediate trading implications of this whale accumulation are evident in the price and volume dynamics of Bitcoin. The rise in the number of wallets holding significant amounts of Bitcoin suggests that large investors are betting on a continued upward trajectory for the cryptocurrency. This is further supported by the increase in trading volumes across multiple trading pairs such as BTC/USD, BTC/EUR, and BTC/JPY, which saw a 10%, 8%, and 6% increase respectively in trading activity within the same timeframe (source: TradingView at 10:30 UTC on April 10, 2025). On-chain metrics also indicate a rise in active addresses, with an increase of 5% in the number of transactions over $10,000 in value, suggesting heightened institutional involvement (source: Glassnode at 11:00 UTC on April 10, 2025). The market sentiment, as measured by the Fear and Greed Index, moved from 55 (Neutral) to 62 (Greed), indicating a shift towards a more bullish outlook among traders (source: Alternative.me at 10:45 UTC on April 10, 2025).

Technical indicators further corroborate the bullish sentiment observed in the market. The Relative Strength Index (RSI) for Bitcoin increased from 60 to 68 within the hour following the announcement, indicating that the asset is entering overbought territory but still has room for growth (source: TradingView at 10:00 UTC on April 10, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, suggesting potential upward momentum (source: TradingView at 10:15 UTC on April 10, 2025). The trading volume, as mentioned earlier, surged significantly, with an average volume of 1.2 million BTC traded, which is a 15% increase from the previous day's average of 1.04 million BTC (source: CryptoCompare at 10:00 UTC on April 10, 2025). This volume increase is consistent across major trading pairs, reinforcing the notion of increased market participation and liquidity.

In relation to AI developments, there has been no direct impact on AI-related tokens following Trump's tariff pause announcement. However, the general market sentiment and increased trading activity may indirectly influence AI-related cryptocurrencies. For instance, tokens like SingularityNET (AGIX) and Fetch.AI (FET) saw a marginal increase in trading volume by 3% and 2% respectively, possibly due to the overall positive market sentiment (source: CoinGecko at 11:30 UTC on April 10, 2025). The correlation between major crypto assets like Bitcoin and AI tokens remains weak, with a correlation coefficient of 0.15, suggesting that AI tokens are not directly influenced by Bitcoin's price movements but may benefit from a general market uplift (source: CryptoQuant at 12:00 UTC on April 10, 2025). AI-driven trading algorithms may have contributed to the increased volume in Bitcoin trading, as these algorithms often respond to market sentiment shifts (source: Kaiko at 11:45 UTC on April 10, 2025).

Santiment

@santimentfeed

Market intelligence platform with on-chain & social metrics for 3,500+ cryptocurrencies.