Whales Acquire $11 Billion in Bitcoin

Large holders have acquired over 129,000 BTC in the past two weeks, according to analysts at Glassnode.

The 30D position change for whales shows they’ve added +129K BTC since March 11 — with momentum picking up sharply over the past 2 days. That’s the largest accumulation rate since late August 2024, signaling growing confidence from large players. pic.twitter.com/hRFC4rDM8L

— glassnode (@glassnode) March 26, 2025

The total purchase value amounted to $11.2 billion at a Bitcoin price of $87,500. This marks the fastest accumulation rate since August 2024.

Glassnode noted that the increase in reserves demonstrates the confidence of major market participants in the prospects of the leading cryptocurrency, despite ongoing macroeconomic uncertainty.

Since the beginning of March, Bitcoin has recovered from levels below $78,000. The market was supported by statements from the Fed about potential policy easing, as well as optimism surrounding upcoming tariffs, which are likely to be more lenient than expected.

The activity of whales contrasts with the actions of smaller investors, who continue to reduce their positions. Additionally, analysts note a growing share of long-term holders.

The Bitcoin 1Y+ HOLD Wave indicator, tracked by Bitbo Charts, shows an increase in the number of bitcoins that have not moved for over a year.

Glassnode’s analysis confirms that whales tend to HODL even amid global market uncertainty.

Back in February 24, experts at 10x Research stated that the actual institutional demand for Bitcoin is exaggerated.