{"id":127534,"date":"2025-04-19T15:21:03","date_gmt":"2025-04-19T15:21:03","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127534"},"modified":"2025-04-19T15:21:03","modified_gmt":"2025-04-19T15:21:03","slug":"uk-firm-buys-250m-bitcoin-as-analysts-eye-quiet-easter-weekend","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127534","title":{"rendered":"UK firm buys $250M Bitcoin as analysts eye quiet Easter weekend"},"content":{"rendered":"

Source: Cointelegraph.com NewsWhales and institutions are increasing their Bitcoin holdings ahead of Easter, as market analysts predict a weekend with less volatility after two weeks of heightened volatility driven by escalating global trade tensions.
\nLondon-based investment firm Abraxas Capital acquired 2,949 Bitcoin (BTC) worth more than $250 million during the four days leading up to April 19.
\nIn the latest transaction, the firm bought over $45 million worth of Bitcoin from Binance on April 18, according to crypto intelligence firm Lookonchain, citing Arkham Intelligence data.
\nSource: Arkham Intelligence, LookonchainThe investment came days after Michael Saylor\u2019s Strategy bought $285 million worth of Bitcoin at an average price of $82,618 per BTC, as the world\u2019s largest corporate Bitcoin holders signal continued confidence in Bitcoin, amid global tariff uncertainty.
\nLarge Bitcoin investors, or whales, continue accumulating, absorbing over 300% of Bitcoin\u2019s yearly issuance as exchanges continue losing coins at a historic pace, Cointelegraph reported on April 18.
\nRelated: Spar supermarket in Switzerland starts accepting Bitcoin payments
\nCrypto analysts eye quiet Easter weekend after weeks of turmoil
\nDespite continued accumulation from whales and institutions, volatility concerns were raised by significant movements from the medium-term Bitcoin cohort, which holds coins for an average of three to six months.
\nOver 170,000 Bitcoin entered circulation from the medium-term cohort, a development that may signal \u201cimminent\u201d crypto market volatility, according to pseudonymous CryptoQuant analyst Mignolet.
\n\u201cThe effect of this metric on LTF moves is overstated as large onchain movement of coins hardly ever affects weekend price action since it\u2019s not on liquid markets or CEX markets,\u201d analysts at Bitfinex exchange told Cointelegraph, adding:
\n\u201cIt is important to note that funding rates remain relatively flat currently. Moreover, US markets are closed as we have a long weekend for Easter, so volatility could be suppressed barring headlines from the White House.\u201d
\nRelated: Crypto, DeFi may widen wealth gap, destabilize finance: BIS report
\nMarcin Kazmierczak, chief operating officer of RedStone Oracles, added that the recent movements may be operational transfers, not necessarily signs of imminent selling pressure.
\nStill, concerns over weekend volatility have been amplified over the past two weeks after the Mantra (OM) token\u2019s price collapsed by over 90% on Sunday, April 13, from roughly $6.30 to below $0.50, triggering market manipulation allegations and highlighting \u201ccritical\u201d liquidity issues in the industry.
\nTwo weeks ago, on April 6, Bitcoin fell below $75,000 on Sunday, as investor concerns spread from a record-breaking\u00a0 $5 trillion sell-off from the S&P 500, its largest on record.
\nBTC, SPX, year-to-date chart. Source: Cointelegraph\/TradingViewThe correction was caused by Bitcoin\u2019s 24\/7 trading availability, which made it the only large liquid asset available for de-risking on Sunday, Blockstream CEO Adam Back told Cointelegraph.
\n\u201cOn a weekend, there\u2019s not much volume. So you have a worse risk of rapid sort of flash crashes or flash dips that get filled in again,\u201d he said.
\nMagazine: Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler\u2019s Digest, March 23 \u2013 29Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsWhales and institutions are increasing their Bitcoin holdings ahead of Easter, as market analysts predict a weekend with less volatility after two weeks of heightened volatility driven by… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127534"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127534"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127534\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127534"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}