- An anonymous crypto whale purchased 110 million dollars worth of Bitcoin alongside Ethereum through OTC trades, which strengthened bullish price movement in major cryptocurrency markets.
- The market reflected optimism through improved prices for Bitcoin, which rose 7% while Ethereum followed with 9% growth during the week.
- Analysis shows that at least 100 big financial institutions entered the market with over 1,000 Bitcoin assets due to rising confidence from significant investors.
A significant crypto investor known as a whale obtained $110 million in Bitcoin alongside Ethereum, which caused increased market positivity throughout the cryptocurrency sector. The whale tracking data from Monday, April 28, indicates that substantial Bitcoin acquisitions were accomplished through OTC platforms, which demonstrates substantial growing investor optimism.
The OTC exchange Wintermute recorded a transaction where a whale acquired 600 Bitcoin for $56.7 million, as mentioned by Lookonchain reporting. A different wallet belonging to the whale purchased 30,000 Ethereum worth almost $54 million through the Wintermute OTC exchange. The massive buying activity generated notable market pressure, which brought favorable predictions from traders and investors.
Price Action Strengthens Market Optimism
Bitcoin has produced a 7% weekly increase that has maintained prices at the $94,000 range. Ethereum prices have risen by 9% throughout the week, so they now approach the $1,800 mark. The whale’s investment activities, together with rising market trends, support market experts in expecting a sustained upward market movement. Active market demand allows participants to expect additional price gains because the buying force remains robust.
Market strategist Ali Martinez reported that approximately 100 new Bitcoin holding clusters with minimum assets of 1,000 each joined the Bitcoin network starting from January. The growing number of big Bitcoin holders provides additional evidence to support bullish forecasts related to the main cryptocurrency market. The BTC accumulation trend score has reached 1 because major holders display elevated accumulation activities and confidence.
New developments within the Ethereum ecosystem increase the prospects of the network in addition to whale accumulation observed in its ecosystem. The cryptocurrency news site CoinGape documented last week how crypto whales executed a $100 million purchase of ETH, which strengthened the asset’s bullish trend. The Layer-Zero upgrade, which Vitalik Buterin proposed for Ethereum, will boost network efficiency according to predictions, which points toward a potential price increase.
