Bitcoin Rebounds as Whale Activity Signals Strong Investor Confidence
Bitcoin has shown a notable recovery, bouncing back from a recent low of $74,000, as on-chain data reveals a surge in whale activity. Large investors, often referred to as ’whales,’ have significantly increased their transactions, with the Whale Transaction Count—a metric tracking transfers exceeding $1 million—spiking during the recent price surge. Analyst Ali Martinez highlights this trend as a key indicator of growing confidence among major players in the Bitcoin market. This development suggests a potential bullish momentum for Bitcoin, as whale activity often precedes substantial price movements. The current market dynamics, observed on April 9, 2025, underscore the resilience of Bitcoin and its appeal to high-net-worth investors amid fluctuating market conditions.
Bitcoin Rebounds as Whale Activity Increases
Bitcoin has bounced back from a low of $74,000. On-chain data shows a significant spike in the Whale Transaction Count, indicating increased activity from large investors. Analyst Ali Martinez pointed out that whales notably upped their activity during the recent price surge. The ’Whale Transaction Count’ measures the total number of transfers on the Bitcoin blockchain with a value of more than $1 million, which corresponds to the activity of large investors.
Bitcoin Plunges Below $75,000 Amid Global Market Turmoil
Bitcoin fell below $75,000 as Asian stock markets, including Japan’s Nikkei 225 and markets in South Korea, Australia, and New Zealand, experienced significant declines due to escalating trade tensions between the world’s two largest economies. The S&P 500, Dow Jones Industrial Average, and Nasdaq also posted losses. The crypto correction led to nearly $400 million in daily liquidations, primarily from Leveraged long positions.
Bitcoin Price Takes Another Tumble
Bitcoin price started a fresh decline below the $78,000 zone and is now consolidating losses. It might face resistance NEAR the $77,800 zone. The price is trading below $78,500 and the 100 hourly Simple moving average. A connecting bearish trend line is forming with resistance at $79,500. Additionally, Bitcoin dipped below the $80,000, $79,500, and $77,000 levels, even diving below the $75,000 support zone to form a low at $74,475 before starting a recovery wave above the $75,500 level.
Trump’s Tariffs Could Benefit Bitcoin
The imposition of an additional 50% tariff by President Trump on Chinese goods has caused Bitcoin to drop below $76,000. However, several crypto experts suggest that Bitcoin could see tremendous growth if the US Dollar continues to decline in credibility as a reserve asset. The lingering global trade war could spike interest in crypto as a non-sovereign asset, according to Binance CEO.
Bitcoin’s Resilience Tested by Tariffs and Macroeconomic Pressure
2025 has seen a rapid shift in trade stability, with President Trump enacting wide-ranging import tariffs using emergency powers. Binance Research’s latest report notes that the Federal Reserve’s actions will be critical in shaping market outcomes if inflation remains high while economic growth slows. The new trade tariffs have notably influenced Bitcoin’s correlation profile, with Bitcoin’s correlation with equities becoming negative as trade war rhetoric emerged in January 2025.
