Bitcoin whales<\/span> have continued to show their resilience and unwavering bullishness on the flagship crypto. This category of investors has <\/span>accumulated<\/span><\/a> a significant amount of the crypto token in the last seven days amid heightened volatility in <\/span>Bitcoin\u2019s price<\/span><\/a>.\u00a0<\/span><\/p>\n

Bitcoin Whales Accumulate $1.4 Worth Of BTC<\/h2>\n
Data<\/span><\/a> from the market intelligence platform <\/span>IntoTheBlock<\/span><\/a> shows that Bitcoin addresses holding between 1,000 and 10,000 BTC have combined to accumulate 20,000 BTC ($1.4 billion) over the past seven days. This accumulation coincides with <\/span>Bitcoin\u2019s recent price surge<\/span><\/a> above $70,000.\u00a0<\/span><\/p>\n
$\"Bitcoin$
Source: IntoTheBlock<\/figcaption><\/figure>\n
Furthermore, these whales\u2019 purchases suggest that volume is picking up for the flagship crypto, which could help trigger more price rallies. Moreover, <\/span>on-chain analytics platform Glassnode<\/span><\/a> noted in a <\/span>recent market report<\/span><\/a> that the selling pressure on Bitcoin was declining. Therefore, Bitcoin\u2019s price looks primed to take off sooner rather than later with significant buys like the one made by these whales.\u00a0<\/span><\/p>\n
Related Reading<\/span><\/h2>\n<\/p>\n
Meanwhile, <\/span>institutional investors<\/span><\/a> are also back in the fold and look to be doubling their bets on the flagship crypto. This is evident in the fact that inflows into the <\/span>Spot Bitcoin ETFs<\/span><\/a> have picked up over the last two weeks. <\/span>Data<\/span><\/a> from Farside Investors shows that these funds have taken in almost $800 million in this week alone.\u00a0<\/span><\/p>\n
Crypto analyst James Check<\/span><\/a> (also known as Checkmatey) <\/span>noted<\/span><\/a> in a recent market report that these funds could lead the next wave of demand, driving Bitcoin\u2019s price to a new <\/span>all-time high (ATH)<\/span><\/a>. These Spot Bitcoin ETFs have already been instrumental to Bitcoin\u2019s growth this year, with the flagship crypto hitting its current ATH of $73,750 earlier in March.\u00a0<\/span><\/p>\n
Like Check, crypto analyst Gustavo Faria also noted in a recent <\/span>blog post<\/span><\/a> that there are signs that a new wave of demand is emerging. This has raised the possibility of the next rally happening even sooner than expected. <\/span>Crypto analysts like BitQuant<\/span><\/a> have provided insights into how high Bitcoin could rise on its next leg up, predicting that the crypto token will reach $95,000.\u00a0<\/span><\/p>\n
No Need To Worry About Price Dips<\/h2>\n
On-chain analytics platform Santiment<\/span><\/a> suggested there was no need to worry about any price correction for Bitcoin as the bulls have enough capital to buy up these dips. The platform <\/span>highlighted<\/span><\/a> that the amount of <\/span>non-empty stablecoin wallets<\/span><\/a> is rising, indicating that more whales are loading up their bags to invest in the crypto market.\u00a0<\/span><\/p>\n
Related Reading<\/span><\/h2>\n<\/p>\n
$\"Bitcoin$
Source: Santiment<\/figcaption><\/figure>\n
Specifically, <\/span>USDC non-empty wallets<\/span><\/a> have grown by over 13%, and <\/span>Tether non-empty wallets<\/span><\/a> have grown by over 15%. This figure is expected to keep rising as the bull run progresses later in the year.\u00a0<\/span><\/p>\n
At the time of writing, Bitcoin is trading at around $67,200, down over 3% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n
$\"Bitcoin$
BTC price at $67,500 | Source: BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/p>\n<\/p><\/div>\n

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Bitcoin whales have continued to show their resilience and unwavering bullishness on the flagship crypto. This category of investors has accumulated a significant amount of the crypto token in the last seven days amid heightened volatility in Bitcoin\u2019s price.\u00a0 Bitcoin Whales Accumulate $1.4 Worth Of BTC Data from the market intelligence platform IntoTheBlock shows that […]<\/p>\n","protected":false},"author":1,"featured_media":92847,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[368,36,68,297,1929,1416,175,1039],"class_list":{"0":"post-92846","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-billion","9":"tag-bitcoin","10":"tag-btc","11":"tag-buy","12":"tag-heightened","13":"tag-volatility","14":"tag-whales","15":"tag-worth"},"_links":{"self":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/92846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/comments?post=92846"}],"version-history":[{"count":0,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/92846\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media\/92847"}],"wp:attachment":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media?parent=92846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/categories?post=92846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/tags?post=92846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}