Large investors actively buy Bitcoin ahead of Trump's crypto summit
Date: 2025-03-06 Author: Henry Casey Categories: CRYPTO PAYMENTS
It is no secret that Trump's statements have repeatedly provoked the growth of the crypto market. Many analysts believe that the upcoming event may once again have a positive impact on the value of digital assets. This forecast is confirmed by the behavior of large market players, known as whales, who have begun to actively increase their Bitcoin reserves.
Analyst Lark Davis drew attention to the sharp increase in BTC purchases among large investors, especially among new wallets. This indicates the emergence of fresh participants among the whales, who, apparently, are counting on the growth of the cryptocurrency after Trump's statements.
According to CryptoQuant, the level of Bitcoin purchases by "young" whales has reached record levels. Many crypto community users are confident that such activity is not accidental — investors anticipate a new wave of BTC growth associated with the upcoming summit.
An interesting detail was also noticed by crypto blogger Crypto Rover. One of the major investors, who had previously earned money on Trump's announcement of the creation of a crypto reserve, unexpectedly changed his nickname to "March 7". Earlier, he successfully opened a long position on Bitcoin for $200 million just before the plans for the reserve became known. This gave rise to theories in the community about his possible knowledge. Now the change of nickname is seen by many as a hint at the upcoming surge in the BTC price.
Earlier, BeInCrypto has already collected key details about the crypto summit in the White House, which will take place on March 7, 2025. Investors are eagerly awaiting the event, which may once again set the tone for the crypto market.
