- Institutional investors, including Abraxas Capital and Michael Saylor’s Strategy, are increasing Bitcoin holdings ahead of Easter weekend.
- Market analysts predict a quieter trading period after two weeks of heightened volatility in cryptocurrency markets.
- Bitcoin whales are accumulating at record rates, absorbing over 300% of Bitcoin’s yearly issuance as exchanges lose coins at historic levels.
Major institutional investors are increasing their Bitcoin positions as the Easter weekend approaches, with analysts forecasting reduced market volatility following two turbulent weeks driven by global trade tensions. Abraxas Capital, a London-based investment firm, acquired 2,949 Bitcoin worth more than $250 million in the four days leading up to April 19.
The investment firm’s most recent transaction involved purchasing over $45 million worth of Bitcoin from Binance on April 18, according to crypto intelligence firm Lookonchain, which cited Arkham Intelligence data. This institutional buying follows Michael Saylor’s Strategy purchase of $285 million in Bitcoin at an average price of $82,618 per BTC, demonstrating continued confidence despite global tariff uncertainties.
Large Bitcoin investors, commonly called whales, have been accumulating aggressively, absorbing more than 300% of Bitcoin’s yearly issuance while exchanges experience record outflows of coins, as reported by Cointelegraph on April 18.
Market Analysts Anticipate Calmer Easter Trading
Despite the ongoing institutional accumulation, some analysts have raised concerns about potential volatility. Pseudonymous CryptoQuant analyst Mignolet noted that over 170,000 Bitcoin from medium-term holders (those holding for three to six months) have recently entered circulation, which could signal market turbulence.
However, Bitfinex analysts told Cointelegraph: “The effect of this metric on LTF moves is overstated as large onchain movement of coins hardly ever affects weekend price action since it’s not on liquid markets or CEX markets.” They added that funding rates remain relatively flat and U.S. markets are closed for Easter, suggesting volatility might be suppressed.
Marcin Kazmierczak, chief operating officer of RedStone Oracles, suggested these movements might be operational transfers rather than signs of imminent selling pressure.
Recent Market Volatility Concerns
Concerns about weekend trading volatility have intensified in recent weeks. On April 13, the Mantra (OM) token collapsed by over 90%, from approximately $6.30 to below $0.50, triggering market manipulation allegations. Two weeks ago, Bitcoin dropped below $75,000 on Sunday as investor concerns spread from a record-breaking $5 trillion sell-off in the S&P 500.
Adam Back, CEO of Blockstream, explained to Cointelegraph that Bitcoin’s 24/7 trading availability made it the only large liquid asset available for de-risking on Sunday, noting: “On a weekend, there’s not much volume. So you have a worse risk of rapid sort of flash crashes or flash dips that get filled in again.”
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