From CoinTelegraph
April 19, 2025 10:31 am:

Whales and institutions are increasing their Bitcoin holdings ahead of Easter to reduce market volatility. London-based Abraxas Capital acquired over $250 million worth of Bitcoin in four days, buying $45 million from Binance. This follows Michael Saylor’s Strategy purchasing $285 million of Bitcoin, signaling confidence amid global tariff uncertainty. Large Bitcoin investors continue accumulating, absorbing 300% of yearly issuance. Crypto analysts eye a quiet Easter weekend after significant movements from the medium-term Bitcoin cohort, potentially signaling imminent market volatility. Despite concerns, funding rates remain flat, and US markets are closed for Easter, which could suppress volatility. The recent movements may be operational transfers, not necessarily signs of imminent selling pressure. Concerns over weekend volatility have been amplified in the past two weeks, following the collapse of the Mantra token’s price by over 90% and Bitcoin falling below $75,000 during a record-breaking $5 trillion sell-off from the S&P 500. Bitcoin’s correction was caused by its 24/7 trading availability, making it the only large liquid asset available for de-risking on weekends.

Read more at Cointelegraph: UK firm buys $250M Bitcoin as analysts eye quiet Easter weekend