Bitcoin Accumulation Pattern Emerging According to Swissblock, Indicating Possible Bull Run Preparation by Two Major BTC Investor Groups
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April 28, 2025: Bitcoin's Resurgence
Bitcoin is gearing up for a potential revival, thanks to several on-chain indicators that suggest stability and accumulation. Swissblock, a renowned analytics firm, has recently shared its insights, indicating a brewing bull run for the world's favorite cryptocurrency.
On the social media platform X, Swissblock argued that investors are tirelessly siphoning massive amounts of Bitcoin off crypto exchanges—a trend reminiscent of Q4 2024, when Bitcoin ignited the rally towards an impressive all-time high of $110,000.
Swissblock stated, "The BTC exchange outflow bears a striking resemblance to the activity witnessed last year. Exchanges are starting to dry up, leading to less selling pressure and more long-term holding. The bull run setup is shaping up; don't miss the next wave!"
According to the firm, a staggering $16.16 billion worth of Bitcoin was taken out of crypto exchanges last week, a testament to the accumulation mode undertaken by whales and long-term holders alike. Swissblock commented, "A major shift in sentiment took place last week for Bitcoin. Large whales are accumulating heavily, while long-term holders are doing the same. Big exchange outflows of 172,000 BTC were witnessed—clearly, the calm before the storm."
Long-term holders are defined as entities that have kept their Bitcoin dormant for at least 155 days. Last week, Swissblock reported that for Bitcoin to launch into a new wave, it needed to break through the $95,000 price zone. While the firm predicted a potential pullback to $89,000 for a much-needed breather before moving higher, Bitcoin was trading at $93,964 at the time of writing.
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[1] Glassnode[2] IntoTheBlock[3] CoinGecko[4] Swissblock
- In the heart of the cryptosphere, noteworthy analyst firm Swissblock recently noted a potential resurgence of Bitcoin, citing similar on-chain indicators to Q4 2024, when Bitcoin reached an all-time high of $110,000.
- The forthcoming bull run for Bitcoin, the world's favorite cryptocurrency, is shaping up, according to Swissblock, due to the significant accumulation of Bitcoin observed off crypto exchanges.
- During last week, a substantial $16.16 billion worth of Bitcoin was taken out of crypto exchanges, a strong indication of accumulation from both whales and long-term holders.
- Swissblock pointed out that a major change in sentiment occurred last week for Bitcoin as large whales are heavily accumulating while long-term holders do the same.
- As part of their accumulation strategy, long-term Bitcoin holders, defined by Swissblock as entities that have kept their Bitcoin dormant for at least 155 days, are witnessing exchange outflows of 172,000 BTC, hinting at the calm before thestorm.
