$670,000,000 Worth of Bitcoin Scooped in 3 Days

$670,000,000 Worth of Bitcoin Scooped in 3 Days

Source: UToday

Published:2026-04-04 14:42

BTC Price:$67040.8

#BTC #BitcoinWhales #Accumulation

Analysis

Price Impact

High

Significant accumulation of $670 million worth of bitcoin by whales in just three days, despite bearish market sentiment, indicates strong conviction from large holders and could signal a potential price reversal.

Trustworthiness

High

Price Direction

Bullish

Whale accumulation is a strong bullish indicator as it suggests that large investors believe the price is undervalued and are positioning for future growth. this buying pressure can absorb selling and potentially drive prices up.

Time Effect

Short

The accumulation occurred over a short, three-day period, and the impact on price could be felt relatively quickly as this buying pressure enters the market.

Original Article:

Article Content:

Cover image via U.Today Bitcoin whales are buying the dip Bitcoin struggles to recover Advertisement Although market sentiment around Bitcoin has continued to hit extreme bearish levels, Bitcoin's large holders are not willing to relent as they have continued to purchase the asset in large quantities. While these bearish sentiments have continued to fuel uncertainty on the leading cryptocurrencies, it appears that large holders are seizing the opportunity to purchase the asset for cheaper prices. Bitcoin whales are buying the dip Over the last three days, Bitcoin's large holders have scooped the asset in large quantities, as popular crypto analyst Ali Martinez provided data revealing that 10,000 BTC have been purchased by whale holders over the period. HOT Stories Shiba Inu (SHIB) Never Left Downtrend, Midnight (NIGHT)'s Fundamental Support Is In, What Are Three XRP Factors Needed for Bullish Reversal? Crypto Market Review Ripple Receives Strong Credit Score, Shiba Inu (SHIB) Burn Rate Rockets 2,332%, Cardano (ADA) Exec Teases Mastercard Partnership This suggests that Bitcoin's large investors have significantly increased their holdings of Bitcoin over the past several days, not minding the fading market momentum. Advertisement Furthermore, the chart shows that Bitcoin whale holdings have surged from about 4.21 million BTC to more than 4.23 million BTC between April 1 and April 3. You Might Also Like Sat, 04/04/2026 - 11:24 Bitcoin Fear Surges as Bearish Social Sentiment Hits Highest Level Since February By Caroline Amosun This marks a sharp increase in Bitcoin whale accumulation within just three days, reigniting confidence among smaller investors who have relented amid the prolonged market volatility. Advertisement With Bitcoin currently trading far below $70,000, the massive accumulation of 10,000 BTC by whales over the period is worth about $670 million at Bitcoin’s current market price. Notably, this reflects strong buying interest from high profile holders or institutional investors even as the broader market sees weak momentum. Bitcoin struggles to recover While Bitcoin has remained in the red territory for the most part of the week, the latest whale buying activity comes amid heightened caution among retail traders. Notably, recent social data have shown rising bearish discussions surrounding Bitcoin as it continues to hover around the $66,000 mark. Nonetheless, the massive accumulation from whales could propel the asset into achieving a major price rebound soon, sustained by growing institutional demand. #Bitcoin