Source: Cointelegraph Original: "{title}"
Before Easter, "big whales" and institutions in the cryptocurrency market are increasing their Bitcoin holdings. Market analysts predict that after two weeks of high volatility triggered by escalating global trade tensions, the weekend market will be relatively stable.
Wallets associated with London-based investment firm Abraxas Capital purchased 2,949 Bitcoin (BTC) worth over $250 million in the four days leading up to April 19.
According to data from crypto intelligence firm Lookonchain, on April 18, the company purchased over $45 million worth of Bitcoin from Binance, with data sourced from Arkham Intelligence.
This investment follows Michael Saylor's company, Strategy, buying $285 million worth of Bitcoin at an average price of $82,618 per coin, demonstrating that the world's largest corporate Bitcoin holder remains confident in Bitcoin despite increasing global tariff uncertainties.
As reported by Cointelegraph on April 18, large Bitcoin investors (i.e., "whales") continue to accumulate, with the amount of Bitcoin they have absorbed exceeding 300% of the new supply for the year, while Bitcoin reserves on exchanges are decreasing at a record pace.
Crypto analysts are focusing on the calm trend during the Easter holiday, seeking a breather after several weeks of turmoil.
Despite whales and institutions continuing to increase their holdings, some analysts express concerns about market volatility due to significant capital outflows from mid-term investors holding for three to six months.
According to a pseudonymous analyst from CryptoQuant, Mignolet, over 170,000 Bitcoin have flowed out from mid-term holders, which may signal "upcoming" market volatility.
However, analysts from the Bitfinex exchange are cautious about these concerns, stating, "The impact of this indicator on short-term price movements is exaggerated, as large on-chain coin movements typically do not affect weekend price trends—these are not executed in liquid markets or centralized exchanges."
They added, "It is worth noting that current funding rates remain relatively stable. Additionally, the U.S. market is closed for the Easter long weekend, so without significant news from the White House, market volatility may be subdued."
Marcin Kazmierczak, COO of RedStone Oracles, added that recent large transfers may be for operational purposes and do not necessarily indicate impending selling pressure in the market.
Nevertheless, events from the past two weeks have heightened concerns about weekend volatility. On April 13 (Sunday), the price of the Mantra (OM) token plummeted from about $6.30 to below $0.50, a drop of over 90%, raising questions about market manipulation and exposing "critical" liquidity issues in the crypto industry.
Two weeks prior, on April 6 (Sunday), after the S&P 500 index recorded a historic sell-off of $5 trillion (the largest in history), panic spread to the crypto sector, with Bitcoin dropping below $75,000 that day.
Blockstream CEO Adam Back stated in an interview with Cointelegraph that this pullback occurred because Bitcoin's 24/7 trading nature makes it the only large liquid asset available for investors to de-risk on Sundays.
He said, "On weekends (April 20), market trading volume is typically low. So it becomes easier for sudden flash crashes or short-term drops to occur, although these declines are usually quickly recovered."
Related: Bank for International Settlements Report: Cryptocurrencies and DeFi May Widen Wealth Gap and Undermine Financial Stability
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