$250M Bitcoin Buy Signals Institutional Confidence Ahead of Calm Easter Weekend
As Easter approaches, crypto markets may be heading into a quieter stretch, but whales and institutions are making bold moves. A UK investment firm just scooped up $250 million worth of Bitcoin, signaling deep confidence even as volatility fears linger.
This week’s major buy comes on the heels of Michael Saylor’s $285 million BTC purchase, further strengthening Bitcoin’s allure as a hedge amid escalating global trade tensions.
💼 Abraxas Capital Acquires Nearly 3,000 BTC
London Firm Buys $250 Million in Bitcoin in 4 Days
A wallet associated with London-based Abraxas Capital has purchased 2,949 BTC worth over $250 million, according to blockchain data tracked by Lookonchain and Arkham Intelligence.
On April 18 alone, the firm made a $45 million Bitcoin purchase via Binance, just days after Michael Saylor’s MicroStrategy bought $285 million in BTC at an average of $82,618.
“This kind of institutional buying continues to absorb Bitcoin at over three times the rate of its annual issuance,” analysts at Cointelegraph observed.
This buying pressure is happening while major exchanges see coin outflows at historic levels, suggesting a tightening supply as confidence builds among long-term investors.
📉 Analysts Predict a Calm Easter Weekend — But Warn of Underlying Risks
Despite these bullish signals, some analysts remain cautious. While whales accumulate, medium-term holders (those holding coins for 3–6 months) have started to offload.
Over 170,000 BTC recently re-entered circulation, potentially stirring market volatility, says CryptoQuant analyst Mignolet.
Still, analysts at Bitfinex say weekend trading volumes are often too thin to drive real price action:
“Large on-chain movements rarely translate into weekend volatility,” they noted. “Funding rates are flat, and U.S. markets are closed — unless the White House drops a headline, things should stay stable.”
⚠️ Weekend Flash Crashes Remain a Threat
The crypto world hasn’t forgotten recent Sunday sell-offs. On April 13, the Mantra (OM) token crashed over 90%, triggering market manipulation accusations and sparking concerns over critical liquidity gaps in the crypto ecosystem.
And just a week earlier, on April 6, Bitcoin tumbled below $75,000, reacting to a $5 trillion S&P 500 sell-off — the largest on record.
“Bitcoin’s 24/7 trading makes it the go-to asset for weekend de-risking,” said Blockstream CEO Adam Back. “With lower volume, weekends are more prone to flash crashes.”
The Takeaway: Confidence Amid Caution
While the charts may seem calm, behind the scenes, whales are building their stacks, positioning themselves for whatever comes next. Institutional confidence in Bitcoin remains strong, but volatility — especially on weekends — remains a wildcard.
With Easter bringing a market pause and little news expected from U.S. regulators, traders are hoping for a quiet weekend, but are keeping one eye open.
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