Large holders acquired over 129,000 BTC in the past two weeks, according to analysts at Glassnode.

#Bitcoin Accumulation Trend Score is now at 0.23 – the highest since Jan 4. That means, on average, larger entities are gradually shifting from distribution to accumulation. pic.twitter.com/hQDWs5ZfVT
— glassnode (@glassnode) March 26, 2025

The total purchase value amounted to $11.2 billion at a Bitcoin price of $87,500, marking the fastest accumulation rate since August 2024.

Glassnode noted that this accumulation reflects strong confidence among major market participants in Bitcoin’s future prospects, despite ongoing macroeconomic uncertainty.

Since early March, Bitcoin has recovered from levels below $78,000. The market was supported by statements from the Federal Reserve about potential policy easing and optimism surrounding upcoming tariffs, which are expected to be less severe than initially anticipated.

The activity of whales contrasts with smaller investors, who continue reducing their positions. Additionally, analysts highlight a growing share of long-term holders.

The Bitcoin 1Y+ HOLD Wave indicator, tracked by Bitbo Charts, shows an increase in the number of bitcoins that have remained untouched for over a year.