Bitcoin Rises 24% Above $83,000 After Trump's Tariff Pause

Bitcoin has experienced a modest upward trend in the past 24 hours, rising above $83,000 after a recent correction period. This movement follows the announcement by US President Donald Trump of a temporary 90-day pause on tariffs, which provided some relief to global financial markets. Despite this recovery, Bitcoin remains approximately 24% below its all-time high of over $109,000 set in January. The recent decline has been reduced to single digits on a weekly scale, coinciding with increased interest from large-scale Bitcoin holders.

On April 9, accumulation addresses—wallets associated with long-term investors that rarely distribute funds—received a notable 48,575 BTC, according to on-chain data. This inflow, the largest since February 2022, totaled approximately $3.6 billion in value. The timing of this transaction is significant as it mirrors a similar event from the past, both in scale and macroeconomic backdrop. These accumulation wallets typically increase holdings during market pullbacks, and the April 9 transaction occurred when Bitcoin traded around $76,000, a level tested during last week’s sell-off triggered by concerns over renewed trade tensions. The volume and pattern of inflows suggest a recurring strategy among institutional or long-term market participants whereby they capitalize on corrections and accumulate during uncertainty.

Interestingly, the total value of the inflows—$3.6 billion—matches that of February 1, 2022, another period marked by broader macroeconomic instability. While this could be coincidental, the repetition of such behavior in response to macro-driven price declines may indicate a deeper behavioral trend among accumulation address holders. Adding to the accumulation narrative, another analyst noted that whale wallets—addresses holding large BTC balances—have resumed consistent buying since March. According to the analyst, more than 100,000 BTC has been added to whale reserves in that timeframe. This comes despite the subdued on-chain activity and a visible pullback in retail participation. The distinction between investor profiles has become clearer in recent months. While smaller investors appear to be withdrawing amid heightened market uncertainty, large holders are taking advantage of lower prices to strengthen their positions. The strategy aims to reduce average acquisition costs and position for long-term gains. This divergence in behavior may not translate to immediate price shifts but could set the stage for a more pronounced upward move once broader sentiment recovers.