Crypto markets are enjoying a brief respite after President Trump’s sudden policy change. Major Bitcoin wallets are starting to show moves not seen in years.
Recent data suggests that silent accumulation is taking place after a period of market volatility.
On April 9, accumulation wallets received 48,575 BTC, the largest daily inflow since February 1, 2022, according to the latest analysis from CryptoQuant. This massive purchase worth around $3.6 billion coincided with a sharp market drop due to heightened trade tensions following Trump’s new tariffs on China.
Interestingly, a similar inflow ($3.6 billion) also occurred on February 1, 2022, when Bitcoin was around $38,400 compared to over $80,000 today.
Historically, accumulation wallets have often shown a strategic buying pattern during times of macroeconomic stress, buying in large amounts when prices plummet. This massive influx reflects renewed confidence among institutions or long-term holders as the wallet has previously shown only moderate and steady gains.
The similarity in the USD value of these two large influxes, separated by almost three years, suggests a recurring pattern of accumulation during critical market moments, a development that experts say should be taken seriously.
Analytics firm Santiment has also spotted a similar pattern. Following the announcement of the 90-day tariff deferral, on-chain data showed a surge in Bitcoin accumulation by large holders on the same day.
In fact, the number of wallets holding 10 BTC or more increased by 132 in a 24-hour period — a significant spike that indicates increased confidence among crypto’s major players.
These “whales” and “sharks” wallets are often considered strategic investors, and their activity is closely watched to gauge market sentiment. The timing of this increase so soon after the tariff deferral suggests that macro-political easing may be a trigger for renewed optimism in the digital asset.
Given this accumulation trend, industry leaders are increasingly confident in Bitcoin’s upside potential.
This week, Cardano founder Charles Hoskinson expressed optimism about Bitcoin, even predicting a surge to $250,000 by the end of this year or early next year. His prediction is driven by a number of factors including rising global crypto adoption, growing institutional interest, and regulatory reforms.
Hoskinson also cited geopolitical uncertainty and expectations of lower interest rates as key catalysts for Bitcoin’s price rally. While he expects a temporary slowdown in the coming months, he predicts a solid recovery will begin around August or September, paving the way for a price rally supported by more positive investor sentiment and macroeconomic shifts.
Bitwise Chief Investment Officer Matt Hougan also predicted that Bitcoin will “return to all-time highs and beyond” once market volatility stabilizes.
