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Author: Admin | 2025-04-27
CryptoQuant’s CEO and co-founder Ki Young Ju revealed that 26,430 BTC had flowed into whale accumulation addresses primarily associated with over-the-counter (OTC) deals and long-term crypto holdings. The whale accumulation reported came after Bitcoin’s price momentarily dropped below $87,000 today before rebounding above $89,000 at the time of writing. The accumulated BTC is worth about $2.353 billion at current BTC prices. CryptoQuant data has also indicated a sharp surge in Bitcoin balances in whale accumulation addresses since November, with approximately a 1 million BTC increase in the wallets. The data highlighted that the whale accumulation addresses had 1.7624 million BTC on October 31, compared to the 2.7599 million BTC in the addresses as of February 24. Santiment also reported a surge in BTC accumulation by whales after President Donald Trump’s inauguration on January 20. The data indicated that 1,002 BTC had been accumulated every day by approximately 10 Bitcoin wallets, further revealing that BTC accumulation had increased significantly since the end of October. The crypto analytics website added that the increased balance in wallets holding over 10 BTC, which are considered influential, would drive market values in the right direction. The recent whale activity has raised speculations that traders and HODLers are preparing for a surge under Trump’s pro-crypto administration. Trump is expected to deliver on his promises to drive the U.S. toward crypto dominance. CryptoQuant data indicated that U.S. BTC buyers became more active beginning in the last quarter of last year. The data also highlighted that the trend
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