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Bitcoin Whale Returns: $8.33M Purchase and Predictions of New ATH

A dormant Bitcoin whale reactivates with an $8.33M BTC purchase, while analysts predict a potential new all-time high and CEOs foresee institutional adoption driving Bitcoin's growth.
Published on 2025-04-16

Bitcoin Whale Awakens with $8.33M Purchase

A Bitcoin whale, inactive for two years, recently made a significant move by purchasing 100 BTC worth $8.33 million on Binance. This transaction, along with a smaller $834 purchase, signals renewed activity in the crypto market. The whale's move has sparked interest, as large-volume transactions often indicate shifts in market sentiment.

Analyst Predicts Bitcoin ATH This Quarter

Michael van de Poppe, a prominent crypto analyst, suggests Bitcoin could reach a new all-time high this quarter. His analysis points to a rising M2 money supply, which has historically preceded BTC price surges. With Bitcoin currently at $83,680, a 23.35% drop from its previous ATH, Poppe's prediction indicates a potential bullish trend.

Binance CEO Richard Teng on Institutional Adoption

Richard Teng, CEO of Binance, emphasized that countries and corporations investing in Bitcoin now will benefit from its future growth. He warned that delaying purchases could lead to higher prices later. This sentiment aligns with former CEO Changpeng Zhao's belief that governments will inevitably buy Bitcoin, though at higher future prices.

Outlook: Institutional Investment and Price Projections

The convergence of whale activity, analyst predictions, and CEO insights suggests a bullish outlook for Bitcoin. With potential institutional adoption and macroeconomic factors like M2 supply growth, Bitcoin could be poised for significant gains, possibly reaching $1 million as some experts predict.

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