Bitcoin Whales Return as Trump Pauses Tariffs – Bitcoin Price May Reclaim the $86K Level

Bitcoin whales and sharks are back in action. According to new on-chain data, wallets holding more than 10 BTC have jumped by 132 in just one day, marking the biggest increase since February 20. This sudden accumulation is seen as a bullish signal, indicating rising confidence among Bitcoin’s biggest players. The spike comes right after Donald Trump’s announcement to pause tariffs for 90 days, a decision that calmed recent market fears. As Bitcoin price attempts recovery, large investors appear to be gearing up for a bigger move in the days ahead.

Whales Return as Trump’s Tariff Pause Boosts Crypto Market Sentiment

On-chain analytics firm has revealed a notable shift in the behavior of Bitcoin’s largest holders, the whales and sharks. The metric, known as Supply Distribution, shows that wallets holding 10 or more BTC saw a sharp rise, adding 132 new wallets within 24 hours. This is the strongest uptick since February, hinting at a surge in institutional or long-term investor interest.

These wallet sizes, now worth over $821,000 each, often represent powerful market movers. Their growing presence is a classic sign of rising confidence, especially after a rough patch of fear and uncertainty. That FUD was triggered by trade tensions and market sell-offs tied to tariff announcements.

Interestingly, this accumulation spike coincides with Donald Trump’s 90-day pause on U.S. tariffs, which immediately helped cool off global markets. Bitcoin price and other major cryptos rebounded as the news broke. The question now is whether these large players will continue stacking sats in the days ahead. For now, their return has brought fresh hope to a crypto market looking for stability and direction.

Bitcoin Price Analysis of April 12

The trading day of April 11th started with bearish momentum, led by an oversold situation. Sellers dominated the early session, dragging the price lower. However, a golden cross on the MACD soon shifted control to the buyers, igniting an upward move. By 9:25 UTC, overbought conditions emerged on the RSI, indicating aggressive buying pressure as the price retested previous support-turned-resistance. Bulls pushed the price higher until 17:40 UTC, where another overbought reading suggested exhaustion among buyers. This marked the local top near $84,304.33, where profit-taking began.

Chart 1, analyzed by ShwetaCW, published on TradingView, April 12, 2025

As illustrated in Chart 1, at 18:30 UTC, a death cross appeared on the MACD, signaling renewed bearish momentum. Sellers regained control, and the price started to decline. The downward pressure intensified into April 12th, with an oversold RSI at 2:55 UTC confirming increased selling volume. However, at 4:15 UTC, another golden cross emerged, hinting at a bullish reversal. According to Bitcoin price prediction, if this bullish momentum continues and breaks the resistance of $84,304.30, the next target could be around $86,000. Alternatively, if the trend reverses, it could break the current support of $81,302.63 and target the $78,000 zone.

Bitcoin Price Outlook

The return of large Bitcoin holders signals growing confidence in the crypto market, especially after Donald Trump’s tariff pause. With whale wallets rising sharply, momentum could favor bulls in the short term. If buying pressure continues, the Bitcoin price may reclaim the $86,000 level. However, if market uncertainty returns, BTC could retest $81,000 before finding solid support again.