- Bitcoin whales buy 46K BTC sparking price surge
- Golden cross signals strong Bitcoin bullish trend
- Crypto Fear & Greed Index jumps as buying rises
Bitcoin whales have made a major move in the market, purchasing $3 billion worth of Bitcoin on March 28, 2025. This large-scale accumulation, amounting to approximately 46,000 BTC, took place while retail investors were selling their holdings. The purchase was reported by Crypto Rover on X (formerly Twitter) at 10:45 AM UTC. Following this transaction, Bitcoin’s price saw a brief increase to $66,100 before stabilizing at $65,800.
Large-Scale Bitcoin Accumulation and Market Activity
The whale purchases took place through various trading pairs yet BTC/USD achieved the maximum volume at 30,000 BTC. According to Glassnode’s data analysis the trading activity added 12% more volume to the normal trading speed during that specific hour. The Bitcoin trading volume included 55% from transactions exceeding $1 million during this observation period.
Binance detected a significant Bitcoin trading surge after whale customers started trading since their big purchases boosted daily volume to 53,000 BTC. The Crypto Fear & Greed Index shifted from 45 to 58 which illustrated growing market optimism for buying activities. The Solana crypto rallied by 2.2 percent to reach $150 while Ethereum moved up by 1.8 percent to hit $3400 during this period.
Technical Indicators Point to a Bullish Trend
The technical market indicators revealed substantial evidence that Bitcoin might rise in value. A golden cross appeared as the 50-day moving average surpassed the 200-day moving average. RSI moved up from 55 to 62 points which indicates growing market buying momentum.
The data recorded within the Bitcoin network reported changes in market dynamics.The Bitcoin Hash Ribbon indicator showed that miner capitulation had ended, a pattern historically linked to price increases. Additionally, trading volume on the hourly chart spiked, with an average of 50,000 BTC traded per hour compared to the previous week’s average of 35,000 BTC.
Market activity increased through automated trading algorithms even though there were no specific AI-related advancements documented during that day. Trading robots equipped with AI technology regulate 30% of normal trading operations on key market exchanges. The Bitcoin market receives careful surveillance while institutional investors steer price movements of this market.
