Bitcoin Holds Above $80,000 as Whales Accumulate $3.6 Billion

Bitcoin's price has demonstrated notable stability, hovering around the $80,000 mark as significant investors, known as whales, continue to accumulate the cryptocurrency. This stabilization occurs amidst a backdrop of improving investor sentiment and increasing institutional confidence, despite ongoing global trade tensions. The price of Bitcoin had previously dipped to as low as $74,000 due to initial uncertainty surrounding trade policies, but it has since recovered and maintained a level above $80,000. This holding pattern is seen as a positive signal by traders and analysts, suggesting that the worst phase of the correction may be over.

The stabilization of Bitcoin's price around $80,000 is further supported by on-chain data, which reveals that 63% of Bitcoin’s circulating supply has not moved in at least one year. This historic level of dormant supply highlights the growing conviction among long-term holders, who are weathering the current volatility without panic. Such behavior reinforces the belief that Bitcoin’s foundation remains solid, even as short-term traders exit the market. The strong hands are holding firm, and their resilience could lay the groundwork for the next major move once macroeconomic conditions begin to stabilize.

In recent times, more than $3.6 billion worth of Bitcoin were bought in a day, reflecting enhanced confidence by institutional investors against broader economic jitters. Experts are confident that this amassing, more so by long-term investors, might open up opportunities for yet more price gains, though the market is careful. The increased buying by these whales has been a key factor in Bitcoin’s recent rise. These big investors have been adding to their holdings, especially during times of market uncertainty. Wallet addresses with a balance of 1,000 to 10,000 BTC have seen a significant rise in activity, indicating renewed confidence in Bitcoin’s current price levels. On April 9, long-term investors moved 48,575 BTC, valued at about $3.6 billion, into accumulation wallets, marking the largest transfer since February 2022. This transaction took place when Bitcoin was priced around $76,000, following a recent sell-off driven by concerns over trade tensions. This suggests that large investors often take advantage of uncertain times to grow their positions.

In recent months, global financial markets have seen a noticeable drop in volatility, mainly because trade tensions between major economies have eased. These trade disputes had created a lot of uncertainty, not just for traditional markets but also for cryptocurrencies. But with these tariff issues settling down, the overall economic environment has become more stable, which has had a positive impact on Bitcoin’s price. This stability has been positive for Bitcoin, which had previously struggled with big price swings due to geopolitical events and internal market forces. With fewer worries about sudden global disruptions, Bitcoin has been able to hold steady around $80,000, giving investors more confidence in it as a safe store of value.

Despite the challenging global economic environment, Bitcoin's performance suggests underlying resilience. Bulls are gradually regaining momentum after the recent sharp correction, and many market watchers believe the worst phase of the drawdown may be over. The 90-day pause on U.S. tariffs offered temporary relief, but uncertainty still dominates investor sentiment. Ongoing trade conflicts threaten global economic stability, with many analysts warning of a potential recession if no resolution is reached. These fears are weighing heavily on risk assets across the board. However, Bitcoin’s ability to hold above the $80,000 level suggests that a potential recovery may be taking shape. If current support levels continue to hold and macro conditions stabilize, Bitcoin may be on the verge of a sustained recovery. The next immediate target is the $85K zone, reclaiming that range could open the path for a push toward the $88K–$90K resistance band and potentially resume the longer-term uptrend.