Whale accumulation of Bitcoin has hit its highest rate since 2013, according to CryptoQuant. With whales amassing 270,000 BTC over the past 30 days, the market for Bitcoin to be above $62,000 on April 20 sits at 99.4% YES.
Market reaction
The April 20 market holds at 99.4% YES, unchanged from 24 hours ago. Traders have already priced in the bullish signal from whale accumulation. It takes $62,790 to move the price 5 percentage points, which points to strong institutional positioning.
Volume data tells the same story. Daily actual USDC traded is $3,107, close to the face value of $3,125. That tight spread signals confidence in current pricing, with no substantial outlier trades moving the market. The largest single-candle move was negligible, consistent with steady accumulation rather than speculative spikes.
Why it matters
Whale accumulation at this scale signals confidence among large holders. At 99.4% YES for April 20, traders are betting Bitcoin will stay above $62,000 with near-certainty. A YES share bought at 99¢ pays $1 if it resolves, a marginal 1.01x return. Possible macroeconomic shifts and regulatory changes could further support Bitcoin’s price from here.
What to watch
Key signals include whether Michael Saylor’s MicroStrategy increases its holdings, and any regulatory moves from the SEC. Whale outflows and ETF inflows in the coming days will also be worth tracking closely.
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Source: https://cryptobriefing.com/bitcoin-whale-accumulation-hits-highest-rate-since-2013-cryptoquant/
