Bitcoin’s Largest Holders Are Stacking Again — What It Means For The Market
Bitcoin has experienced high volatility in April, with significant gains and losses. Bitcoin whales have increased their holdings by 53,600 BTC, now controlling 67.77% of the total supply. Despite market uncertainty, confidence remains strong among investors holding between 10 and 10,000 BTC. Bitcoin's price dropped by 13% in early April, retesting the $74,000 support level before rebounding to $88,000 on April 15. Currently, it fluctuates between $83,000 and $86,000. The accumulation trend among whales suggests growing market confidence, indicating potential for a rally. Analysts believe Bitcoin needs to surpass the $91,000 resistance for a sustainable bullish trend. As of now, Bitcoin trades at $85,226, reflecting a 0.72% gain in the past day.
