The crypto market recently experienced a brief respite following US President Donald Trump’s surprising policy pivot. Major Bitcoin wallets have suddenly come to life, reflecting movement not observed in years. The statistics reveal a narrative of quiet accumulation following recent market turmoil.
On April 9, a staggering 48,575 BTC flowed into accumulation addresses, marking the largest single-day inflow since February 1, 2022, as highlighted in a CryptoQuant analysis. This influx, valued at approximately $3.6 billion, coincided with a sharp market dip exacerbated by heightened trade tensions following Trump’s renewed tariff policies against China.
Interestingly, a similar $3.6 billion influx occurred on February 1, 2022, when Bitcoin was priced around $38,400, compared to the current price of $80,000. Historically, accumulation addresses have shown a tendency for strategic buying during macroeconomic stress, typically acquiring large volumes during market dips. This recent surge indicates renewed confidence among institutional or long-term holders, as these wallets had only experienced modest and steady accumulation prior.
The striking similarity in USD values of these two massive inflows, spaced three years apart, suggests a pattern of accumulation during pivotal market moments—an observation that market experts consider worthy of close scrutiny.
Additionally, Santiment has noted a similar trend. Following the announcement of a 90-day pause on new tariffs, on-chain data displayed a sudden increase in Bitcoin accumulation among large holders that very day. The number of wallets holding 10 or more BTC rose by 132 within a mere 24 hours, indicating a notable spike in confidence among key stakeholders in the crypto space.
These “whale” and “shark” wallets are closely monitored as they are often seen as strategic investors whose actions can signal market sentiment. The timing of this growth, coinciding with the temporary tariff pause, suggests that macro-political relief is fostering renewed optimism in digital assets.
Experts Take on Bitcoin’s Trajectory
Considering this accumulation trend, industry leaders are reasserting their optimistic projections for Bitcoin. Cardano founder Charles Hoskinson recently stated that he believes Bitcoin could potentially surge to $250,000 by the end of this year or next. His bullish outlook is bolstered by factors including the growing global adoption of cryptocurrency, increased institutional interest, and evolving regulatory reforms.
Additionally, Hoskinson pointed to geopolitical instability and anticipated lower interest rates as significant catalysts for Bitcoin’s ascent. While he acknowledges the likelihood of a temporary slowdown in the months to come, he predicts a robust rebound beginning around August or September, which could lay the groundwork for a noteworthy rally driven by improving investor confidence and macroeconomic adjustments.
Bitwise Chief Investment Officer Matt Hougan also expressed that Bitcoin is primed to “return to new all-time highs and beyond” once market volatility stabilizes. As the landscape continues to shift, the renewed activity from large accumulation addresses will undoubtedly play a crucial role in shaping Bitcoin’s future trajectory.
The information shared in this post comes from an article originally published on CryptoPotato.
