Bitcoin (BTC) has shown signs of upward momentum in the past 48 hours, with a surge in whale holdings and positive market movements.
According to CryptoQuant data, Bitcoin accumulation addresses recorded the largest daily inflow since February 2022, with whales purchasing 48,575 BTC.
President Trump's pause on tariffs created an opportunity for whales to buy, leading to over-the-top accumulations and signs of longer-term holdings.
Bitcoin's long-term holders' realized cap spiked, indicating a level of bullish sentiment in the market, and several on-chain metrics point to a continuing upward trend.