{"id":19353,"date":"2025-03-27T11:47:09","date_gmt":"2025-03-27T11:47:09","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19353"},"modified":"2025-03-27T11:47:09","modified_gmt":"2025-03-27T11:47:09","slug":"bitcoin-whales-bought-11b-of-btc-in-two-weeks-as-confidence-grew-glassnode-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19353","title":{"rendered":"Bitcoin Whales Bought $11B of BTC in Two Weeks as Confidence Grew, Glassnode Says"},"content":{"rendered":"
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While macroeconomic uncertainty<\/a> and technical indicators<\/a> raise doubts about bitcoin’s (BTC<\/a>) recent gains, purchasing activity by some of the largest investors indicates a more optimistic outlook.<\/p>\n

Since March 11, so-called bitcoin whales have snapped up over 129,000 BTC, worth $11.2 billion at the market price of $87,500, according to data tracked by blockchain analytics firm Glassnode<\/a>.<\/p>\n

That’s the most significant accumulation rate since August 2024, indicating growing confidence in the largest cryptocurrency among the biggest market participants, Glassnode commented on X. <\/p>\n

BTC has regained some poise, since reaching lows under $78K roughly two weeks ago. The recovery has been led by dovish comments from Federal Reserve and optimism that impending Trump tariffs on April 2 will be more measured than expected.<\/p>\n

Glassnode’s analysis revealed that crypto whale addresses with over 10,000 BTC compensating for continued selling by small holders. <\/p>\n

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Other indicators, such as the “Bitcoin 1Y+ HOLD wave,” tracked by Bitbo Charts show a renewed upswing, indicating a shift to a holding strategy, as Wednesday’s edition of the Crypto Daybook Americas noted<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

While macroeconomic uncertainty and technical indicators raise doubts about bitcoin’s (BTC) recent gains, purchasing activity by some of the largest investors indicates a more optimistic outlook. Since March 11, so-called bitcoin whales have snapped up over 129,000 BTC, worth $11.2 billion at the market price of $87,500, according to data tracked by blockchain analytics firm […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19353","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19353"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19353\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}