Bitcoin’s April Surge Encourages Accumulation and Strategic Forecasts Amid Shifting Investor Sentiment

• The cryptocurrency market is witnessing a renewed surge in confidence, propelled by Bitcoin’s remarkable 25% rebound this April, shifting sentiment sharply.

• Significant whale accumulation activities have been reported, indicating a bullish outlook as investor participation broadens across tiers.

• According to Glassnode, large wallets have shown heightened Trend Accumulation Scores, suggesting a robust demand shift among major players.

This article explores Bitcoin’s recent resurgence, driven by significant whale accumulation and favorable institutional forecasts, marking a pivotal moment in crypto market sentiment.

Market Sentiment Shifts from Fear to Greed

This month, the cryptocurrency market has seen a dramatic transformation in investor sentiment, as reflected in the Crypto Fear & Greed Index. According to data from Alternative.me, the index surged from a concerning low of 18 to a vibrant high of 72 in April, signaling the strongest shift back to greed since early February.

In contrast, CoinMarketCap’s index experienced a rise from 15 to 52 points, transitioning from extreme fear to neutrality. This divergence between both indices reinforces the notion of a substantial sentiment turnaround, allowing investors to move past the panic that often accompanies bear markets.

The prevailing optimism may set the stage for further gains, with the potential for the market to enter extreme greed territory shortly. Notably, the shift has produced several divergence signals that support a continuation of Bitcoin’s recovery and that of altcoins.

Bitcoin Accumulation Spreads from Large to Smaller Wallets, Indicating a Positive Outlook

Recent on-chain analysis signifies a stronger commitment to Bitcoin as whale accumulation has upheld the price above $93,000 by the last week of April. A chart provided by Glassnode delineates a pivotal shift from a distribution phase to an accumulation phase, coinciding with Bitcoin’s recovery throughout the month.

Data reveals that wallets holding over 10,000 BTC—the so-called whale wallets—have achieved a remarkable Trend Accumulation Score of approximately 0.9. This indicates robust buying activity among top-tier investors.

Additionally, wallets with 1,000 to 10,000 BTC have also increased their accumulation score to 0.7, showcasing a similar uptick in sentiment from larger whales to smaller-tier wallets. This broadening accumulation is a promising sign of growing confidence among all investor classes.

“So far, large players have been buying into this rally,” Glassnode articulated, underscoring the role of institutional and whale investment in propelling market dynamics.

Notably, Bitcoin ETFs recorded substantial inflows amounting to $2.68 billion last week, reflecting sustained interest. These funds have enjoyed five consecutive days of positive inflows, reinforcing the foundation for continued price appreciation.

Fidelity and ARK Invest Update Bitcoin Forecasts

Fidelity Digital Assets has reported a dramatic decline in Bitcoin supply available on exchanges, dropping to its lowest point since 2018, with only about 2.6 million BTC remaining. This scarcity reflects enhanced institutional demand.

Furthermore, Fidelity notes that over 425,000 BTC have exited exchanges since November 2024. Publicly traded entities have accumulated an additional 350,000 BTC since the U.S. elections, collectively purchasing over 30,000 BTC each month in 2025. These trends underscore expectations for ongoing demand, as articulated by Fidelity Digital Assets: “We anticipate that the drop in Bitcoin supply from exchanges is set to accelerate.”

Meanwhile, ARK Invest’s ‘Big Ideas 2025’ report has positively revised its Bitcoin price forecasts, predicting a potential price of $2.4 million by 2030, markedly above its previous estimate of $1.5 million. This bullish outlook is attributed to anticipated increases in institutional purchases and Bitcoin’s evolving role in decentralized finance.

Although major fund managers maintain an optimistic outlook for the crypto market, there’s a degree of caution among retail investors as the phrase “sell in May” gains traction. Concerns regarding macroeconomic factors—such as tariffs and interest rate fluctuations—are poised to influence market actions throughout the coming months.

Conclusion

The recent 25% rebound in Bitcoin prices, coupled with increased institutional interest and significant whale accumulation, indicates a strengthening market sentiment. Investors should monitor ongoing trends, as the interplay between major market players and retail sentiments could shape the landscape in the months to come. As always, caution remains essential amidst evolving market conditions.