Whales are back! Bitcoin’s $4 billion mystery acquisition!

by

It has recently come to light that some rather hefty holders of Bitcoin (BTC) have amassed over 43,100 BTC in just two weeks, a sum that is positively monstrous at a value of approximately $4 billion. This information, delivered to us by the ever-watchful Ali Martinez, leaves one to wonder: have the whales returned to their feeding grounds?

According to data from CryptoQuant, which has been dutifully reported by a certain renowned analyst, the total supply of Bitcoin held by these so-called “whales” (excluding exchanges and mining pools, naturally) has climbed from 3.4982 million BTC on the 13th of April, to a more impressive 3.5413 million BTC by the 27th of April. A rather steady upward trajectory, would you not say? The chart, no less, demonstrates an unmistakable surge between the 24th and 27th of April, marking this as one of the more notable two-week growth periods in recent months—an occasion most surely worthy of a raised eyebrow. 🧐

The lion’s share of this influx appears to have come from Strategy (formerly known as MicroStrategy), which has, quite gallantly, revealed two particularly notable purchases: 6,556 BTC on April 20 for the not-so-modest sum of $555.8 million, followed by another rather princely sum of 15,355 BTC on April 27. One might even say that these two transactions alone added over 21,900 BTC to Strategy’s holdings in the space of a mere 14 days. Truly, a feat of impressive coordination, if not subtlety. 😏

Whales have accumulated over 43,100 #Bitcoin $BTC in the past two weeks, worth nearly $4 billion!

— Ali (@ali_charts) April 30, 2025

And let us not overlook BlackRock, that esteemed institution, which has also been quite the avid collector, snapping up 11,580 BTC during the same period. Combined, these two corporate behemoths are responsible for a staggering 75% of the total whale accumulation, which rather suggests that the bulk of this increase stems from some of the more recognizable names in the game. 🐋

Now, one might be curious about the timing of it all. It seems rather uncanny that whale balances remained steadfast between April 13 and April 20, and yet from the 21st of April onwards, there has been a noticeable upturn. Could this be merely a coincidence? Or might it coincide, perhaps, with the public disclosure of these rather substantial acquisitions? One could not help but entertain the thought… 🤔

And, to add a touch of intrigue, while BTC’s market price was steadily rising, it appears that the true activity took place during a period of lower volatility. How delightfully sneaky! One must say, this was the perfect opportunity for these whale-like entities to quietly gather more of the precious asset while the storm remained calm. 🌊

As any seasoned investor might tell you, such moves are typically viewed as long-term strategies, rather than impulsive trading gestures. Indeed, the surge from 3.498 million to 3.541 million BTC—an almost 1.2% increase in total whale holdings—could suggest a deliberate and well-coordinated uptick in confidence, or perhaps a bit of strategic reserve-building, as they say. 🏦

And so, the question remains: is this the beginning of a larger trend, or simply an isolated event? Time will tell, dear reader, but the evidence appears to speak for itself—whales are once again in the market, and it is they who shall decide the course of the tides. 🐋

Read More

2025-04-30 12:34