Bitcoin Whales Are Back: 48,575 BTC Worth $3.6 Billion Added in 24 Hours, Driving BTC Above $83K

Bitcoin is making a quiet comeback, bouncing back above $83,000 after a recent dip. The rebound comes just as markets got a boost from President Trump’s announcement of a 90-day pause on tariffs, a move that eased some global economic jitters. Although BTC Price is still down about 24% from its all-time high of over $109,000 in January, the weekly losses have now shrunk to single digits. That’s sparked fresh optimism, especially as some major players seem to be stepping back in.

$3.6 Billion in a Day Signals Big Moves Behind the Scenes

On April 9, something big happened. BTC Accumulation wallets, typically tied to long-term holders who rarely sell, snapped up nearly 48,575 BTC in a single day, worth around $3.6 billion. That’s the largest inflow into these kinds of wallets since February 2022. According to CryptoQuant analysts, these addresses tend to load up during market pullbacks, just like they did when Bitcoin dropped to around $76K last week. The timing and scale of this move suggest that some seasoned investors see this dip as a buying opportunity, not a warning sign.

Massive $3.6 Billion Bitcoin Inflow to Accumulation Addresses!

“Bitcoin accumulation addresses received 48,575 BTC — the largest single-day inflow since February 1, 2022. When accumulation addresses move this aggressively, it’s worth paying attention.” – By @burak_kesmeci pic.twitter.com/MVIFUcXKWz

— CryptoQuant.com (@cryptoquant_com) April 10, 2025

Bitcoin Whales Accumulate Quietly as Retail Interest Fades

Interestingly, it’s not just BTC accumulation wallets. Bitcoin Whale addresses, those holding serious amounts of BTC, have added over 100,000 BTC since March. And they’re doing it while the rest of the market cools off. On-chain activity is down, and retail traders seem hesitant, but the whales are clearly playing the long game. They’re using this quieter phase to average in and lower their cost basis. It might not lead to a sudden price jump, but it’s the kind of quiet buildup that often precedes major moves. With that in mind, let’s take a closer look at what the charts are telling us right now.

BTC Price Action Analysis of April 12th, 2025

The BTC Price exhibited a strong upward momentum early on, forming a well-defined uptrend channel on the 5-minute chart. The BTC price climbed steadily, with higher highs and higher lows, before eventually breaking out of the channel near the key resistance level. However, once it neared the resistance zone at $84,000, bullish momentum began to stall, leading to a sideways consolidation. This indicates potential exhaustion among buyers at current levels. The RSI frequently entered the overbought territory during the climb, confirming intense buying pressure but also signaling the likelihood of short-term pullbacks. Multiple overbought RSI readings coincided with local tops, while oversold dips provided temporary support for rebounds.

Chart 1, Analyzed by Alokkp0608, published on April 12th, 2025

The MACD indicator presented mixed signals, with alternating golden and death crosses throughout the chart. Notably, a series of golden crosses occurred during the uptrend, aligning with bullish price action, while the death crosses began to appear more frequently as BTC Prices approached resistance. This divergence between price movement and weakening MACD momentum suggests declining bullish strength. The strong support zone near $81,500 remains intact, and any significant retracement could retest this level. A drop below this support might trigger further selling pressure.

Conclusion: Bitcoin Whales Set the Stage, but the Market’s Still Holding Its Breath

The Bitcoin bounce above $83K has definitely sparked some optimism, especially with whales scooping up billions worth of BTC in just a day. That kind of quiet accumulation shows confidence behind the scenes. But on the charts, things aren’t breaking out just yet. BTC Price is still struggling to push past $84K, and indicators like RSI and MACD suggest the rally might be running low on steam, for now. As long as support around $81,500 holds, the trend stays intact. But if that breaks, we could see a deeper pullback. Whales may be loading up, but the rest of the market is waiting to see what happens next.