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Bitcoin has made a remarkable rebound from its current low after on-chain data revealed a surge in whale transaction count.
On April 9, 2025, the cryptocurrency experienced a bounce back to $81,000. However, it has since pulled back slightly to $79,700.
The recent price movement is attributed to an increase in whale activity, as reported by expert Ali Martinez in a new post on X. Whales are significant players that can transfer large amounts of Bitcoin, worth more than $1 million. Therefore, their transactions hold significant weight when it comes to analyzing market trends.
According to Santiment’s Whale Transaction Count, whales significantly raised their activity during the recent price rise. This data suggests that these big investors are becoming increasingly interested in the asset and could be supporting the cryptocurrency’s value.
The Whale Transaction Count dropped sharply over the weekend before Bitcoin’s price collapse at the beginning of the week. However, following the dip to $74K, the whales turned their attention back to the market.
Data from Santiment shows that on Monday, whale transfers peaked at an astonishing 1,715 transactions, a substantial increase. This surge in whale activity has led to a rebound push for Bitcoin’s price.
It remains uncertain whether the bounce will continue or not. However, one signal of potential downturn could be seen if old Bitcoin holders begin selling their coins.
Source: https://bitcoinik.com/bitcoin-bounces-back-from-74k-dip-as-whale-activity-surges/
