Just yesterday, there was high hope that Bitcoin could see significant price gains within a few days. Finally, the US and the European Union announced that the threatened punitive tariffs would be suspended for 90 days. After repeatedly touching the $75,000 mark in the days before, the BTC token subsequently rose to over $83,000.
But now it initially appears as if the temporary euphoria has subsided, as the BTC token was down 0.32 percent over the past 24 hours. However, major crypto investors are taking advantage of the opportunity to replenish their Bitcoin reserves. So, is a BTC price explosion imminent?
Almost $4 billion in 24 hours – Why are crypto whales buying BTC now?
It is always considered a bullish sign when major crypto investors invest in the BTC token again. Ultimately, this means they expect prices to rise soon – or at least that the local low has been reached, making it the perfect time to replenish their reserves.
Within 24 hours, 48,575 BTC tokens (currently valued at over $3.9 billion) were acquired by Bitcoin wallets known for their long-term planning and for only buying BTC tokens without selling them yet. The last time such a large sum was paid within 24 hours was in February 2022. The on-chain analysis platform CryptoQuant also announced this via the social media platform X (formerly Twitter), pointing out that it is always worth paying attention to such aggressive purchases by BTC whales.
The main reason for this: the 90-day suspension of tariffs between the US and 75 other countries. Recently, the trade war between the US and many other countries caused considerable uncertainty in the financial market. The pause indicates that the market is now slowly stabilizing – and Bitcoin will not fall further. Instead, the BTC token could use this three-month pause to gain ground again – in the hope that the period will be used to conclude new trade agreements between the EU and the US.
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