Mars Finance News, on March 27, Coindesk analyst Omkar Godbole stated that despite macroeconomic uncertainty and technical indicators raising doubts about BTC's recent price surge, purchases by some large investors indicate more optimistic market expectations. According to data tracked by blockchain analysis company glassnode, Bitcoin "whales" have accumulated over 129,000 BTC since March 11, with a total value of $11.2 billion at a market price of $87,500. Glassnode noted this is the most significant Bitcoin accumulation rate since August 2024, suggesting growing confidence among the market's largest participants. Bitcoin has partially recovered since falling below $78,000 two weeks ago. This rebound was mainly driven by dovish Federal Reserve comments and market optimism about moderate expectations for Trump tariffs to be announced on April 2.
Analyst: Although macroeconomic uncertainty remains, whales are increasing their holdings of Bitcoin, showing confidence in Bitcoin's prospects
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