Whales Buy $3.5 Billion Bitcoin: Impact on Market and Altcoins

Bitcoin whales have purchased $3.5 billion worth of BTC, causing a 4.2% price jump to $94,129. This significant accumulation has analysts optimistic about possible altcoin rallies. On-chain data highlights strong buying trends among large investors, while Bitcoin’s market cap stands at $1.87 trillion amid heightened trading volume.

Recent reports reveal that Bitcoin whales have made a staggering purchase of $3.5 billion worth of BTC, sparking a new wave of market optimism. This acquisition, totalling over 52,000 BTC, led to an increase in Bitcoin’s price by 4.2%, now sitting at $94,129. The overall market cap of Bitcoin reached $1.87 trillion alongside a noticeable surge in trading volume.

As Bitcoin consolidates around its all-time highs, analysts are shifting their focus to altcoins. They anticipate that smaller crypto assets might witness the next significant movements as the cryptocurrency market appears poised for a rally. This rotation could potentially trigger notable price surges for lower-cap altcoins, as excitement builds among traders.

According to on-chain data from Glassnode, the surge of whale activity from April 26 to April 27, 2025, was significant. The transfer of more than 52,000 BTC into accumulation wallets propelled Bitcoin’s price higher. This considerable accumulation tends to signal bullish sentiment among traders, as whale activity often constrains the supply of Bitcoin, leading to price hiking behaviour.

Indeed, analysts argue that such major acquisitions illustrate a strong confidence in Bitcoin’s future trajectory, although it remains to be seen if these purchases are influenced by insider information or sheer market speculation. Nonetheless, heightened whale activity commonly leads to sharp price movements, making it an essential watchpoint for investors.

A recent post on X by Glassnode assessed the Accumulation Trend Score for various BTC investor cohorts. Those wallets holding over 10,000 BTC exhibit nearly perfect accumulation patterns with a score around 0.9. In contrast, wallets containing 1,000 to 10,000 BTC show a score around 0.7, while those with 100 to 1,000 BTC are moving towards accumulation, evidenced by a score of 0.5.

Bitcoin remains firmly positioned as a leading player in the cryptocurrency realm. Even with a slight 0.60% dip in the last 24 hours, its strong market capitalization stands at $1.87 trillion. The fully diluted valuation of Bitcoin is pegged at $1.97 trillion, which highlights its considerable future value potential. The increase in trading volume to $18.24 billion signifies robust market engagement, with a Vol/Mkt Cap ratio of 1.01%, indicating active trading relative to Bitcoin’s market standing.