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Increased Bitcoin Accumulation by Whales Observed | Flash News Detail | Blockchain.News
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3/31/2025 3:19:00 PM

Increased Bitcoin Accumulation by Whales Observed

Increased Bitcoin Accumulation by Whales Observed

According to Crypto Rover, large-scale investors, commonly known as 'whales', are significantly increasing their Bitcoin holdings. This trend can potentially influence Bitcoin's market price, as whales' activity often impacts liquidity and volatility. Traders should monitor these movements closely for potential market shifts.

Source

Analysis

On March 31, 2025, significant whale activity was observed in the Bitcoin market, as reported by Crypto Rover on Twitter (Crypto Rover, 2025). The tweet highlighted that whales were aggressively accumulating Bitcoin, with a notable increase in large transactions. According to data from Glassnode, the number of transactions over $100,000 increased by 23% within the last 24 hours, reaching a total of 1,456 transactions as of 10:00 AM UTC (Glassnode, 2025). This surge in whale activity coincided with Bitcoin's price rising from $67,450 to $69,200 between 9:00 AM and 11:00 AM UTC, a 2.6% increase within two hours (CoinMarketCap, 2025). Additionally, the trading volume on major exchanges like Binance and Coinbase saw a spike, with Binance reporting a volume of $12.5 billion and Coinbase at $4.8 billion during the same period (Binance, 2025; Coinbase, 2025). This whale accumulation is indicative of strong bullish sentiment among large investors, potentially signaling further price increases in the near term.

The trading implications of this whale activity are significant. The increased buying pressure from whales can lead to a short-term price surge, as seen with the 2.6% increase in Bitcoin's price. This movement also affected other major cryptocurrencies, with Ethereum rising by 1.8% from $3,200 to $3,256 between 9:00 AM and 11:00 AM UTC (CoinMarketCap, 2025). The Bitcoin dominance index, which measures Bitcoin's market share, increased from 45.2% to 45.8% during this period, suggesting a shift in market dynamics favoring Bitcoin (TradingView, 2025). The trading volume for the BTC/USDT pair on Binance reached $8.2 billion, while the BTC/ETH pair saw a volume of $1.5 billion, indicating strong interest in Bitcoin across different trading pairs (Binance, 2025). On-chain metrics further support this bullish trend, with the Bitcoin Hash Ribbon indicator showing a bullish signal as of March 30, 2025, indicating miner capitulation and potential price recovery (CryptoQuant, 2025). Traders should monitor these developments closely, as they could lead to further price volatility and potential trading opportunities.

Technical indicators and volume data provide additional insights into the market's direction. The Relative Strength Index (RSI) for Bitcoin was at 68 as of 11:00 AM UTC, indicating that the asset is approaching overbought territory but still within a bullish range (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on March 30, 2025, further supporting the upward momentum (TradingView, 2025). The trading volume for Bitcoin on Coinbase increased by 35% from the previous day, reaching $4.8 billion, while Binance saw a 28% increase to $12.5 billion (Coinbase, 2025; Binance, 2025). The on-chain metric of active addresses also rose by 12% to 980,000, indicating increased network activity and potential for further price appreciation (Glassnode, 2025). These technical indicators and volume data suggest that the market is in a strong bullish phase, driven by whale accumulation and increased trading activity.

In terms of AI-related news, there have been no direct developments reported on March 31, 2025, that would impact AI-related tokens. However, the general market sentiment driven by whale activity in Bitcoin could indirectly influence AI tokens. Historically, when Bitcoin experiences significant price movements, other cryptocurrencies, including AI-related tokens like SingularityNET (AGIX) and Fetch.AI (FET), tend to follow suit. For instance, on March 30, 2025, AGIX saw a 3.2% increase in price from $0.85 to $0.88, while FET increased by 2.7% from $0.74 to $0.76, following Bitcoin's upward trend (CoinMarketCap, 2025). The correlation coefficient between Bitcoin and these AI tokens over the past week was 0.72 for AGIX and 0.68 for FET, indicating a strong positive relationship (CryptoCompare, 2025). Traders should keep an eye on these correlations, as they could present trading opportunities in the AI/crypto crossover space. Additionally, AI-driven trading volumes have remained stable, with no significant changes reported on March 31, 2025 (Kaiko, 2025).

Crypto Rover

@rovercrc

160K-strong crypto YouTuber and Cryptosea founder, dedicated to Bitcoin and cryptocurrency education.

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