According to recent insights from Coindesk analyst Omkar Godbole, despite ongoing macroeconomic challenges and dubious technical indicators, the outlook for Bitcoin (BTC) appears more promising due to the actions of key investors. Notably, data from Glassnode, a prominent blockchain analytics firm, reveals that since March 11th, Bitcoin “whales” have amassed over 129,000 BTC, valued at approximately $11.2 billion based on a prevailing market price of $87,500. This surge in accumulation marks the most robust rate since August 2024, indicating a growing confidence among market heavyweights in the cryptocurrency. Additionally, Bitcoin has rebounded from a low of $78,000 recorded two weeks ago, bolstered by dovish signals from the Federal Reserve as well as positive sentiment surrounding the anticipated tariffs proposed by Trump effective April 2nd.
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