Macroeconomic uncertainty and technical indicators have raised questions about Bitcoin (BTC)'s recent profits, but purchasing activities by some of the biggest investors have shown a more optimistic outlook.
Data tracked by blockchain analytics company GlassNode shows that since March 11, the so-called Bitcoin Zilla is worth $11.2 billion at a market price of $87,500.
This is the most important accumulation rate since August 2024, indicating the increased reliability of cryptocurrency, the largest of the largest market participants.
BTC has regained its calmness since reaching its low of under $78,000 about two weeks ago. This recovery is led by Dovish's comments from the Federal Reserve and optimism that Trump's imminent tariffs on April 2 will be measured more than expected.
Glassnode's analysis revealed that more than 10,000 BTC compensates for ongoing sales by small owners.
Other metrics, like the Wednesday edition of Crypto Daybook Americas, such as “Bitcoin 1Y+ Hold Wave,” tracked by Bitbochart, show a new upward trend, indicating a move to a holding strategy.
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