Abraxas Capital, a London-based investment firm, has purchased 2,949 Bitcoin worth over $250 million ahead of Easter, signaling a trend of increased accumulation among whales and institutions. This purchase included over $45 million worth of Bitcoin acquired from Binance just before April 19. The timing of these acquisitions comes after heightened volatility in the crypto market due to global trade tensions. Analysts suggest that the upcoming Easter weekend may provide a period of less volatility, especially as U.S. markets will be closed. Despite concerns over weekend price fluctuations due to significant movements from medium-term Bitcoin holders, experts indicate that these transactions may not directly impact market action, particularly during low-volume periods. Concerns remain, however, as recent drastic price changes in cryptocurrencies have highlighted potential risks in the market, particularly for digital assets experiencing operational transfers instead of genuine sell-offs.

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