As global markets remain on edge and the Easter weekend approaches, London-based Abraxas Capital has made a bold move that’s turning heads in the crypto world. The firm recently acquired nearly $250 million worth of Bitcoin, adding 2,949 BTC to its holdings—demonstrating that big money still believes in crypto.
The transaction, completed over just four days, reflects growing interest among institutional players in digital assets as a long-term hedge against traditional market volatility.
Blockchain analytics platforms reported that a significant portion of the purchase—over $45 million—came from popular exchange Binance on April 18. This aggressive buy-in highlights that investment firms like Abraxas are looking to strengthen their crypto exposure, even as markets digest recent volatility and geopolitical tensions.
Abraxas Capital’s move follows a similar declaration from tech firm MicroStrategy, which revealed it had added $285 million worth of Bitcoin at an average price of $82,618 per coin. These high-profile investments suggest that despite short-term price swings, the long-term view on Bitcoin remains optimistic among seasoned investors.
The overall trend among large holders—commonly known as whales—confirms this sentiment. According to recent on-chain data, institutional and whale investors are acquiring Bitcoin at a pace three times faster than new coins are being mined.
This aggressive accumulation pattern reflects strong confidence in the asset’s future potential, especially as investors look for safe havens amid inflation concerns and shifting economic policies worldwide.
Despite bullish signs, analysts are quick to point out some cautionary trends. Medium-term holders, who typically keep Bitcoin for three to six months, have recently released over 170,000 BTC back into circulation. This shift may add pressure on price action in the short term, even as demand remains strong.
Over the past two weekends, the crypto market has seen notable turbulence. Bitcoin briefly fell below $75,000 earlier this month following a dramatic $5 trillion sell-off in the U.S. stock market. And in a separate event, the price of lesser-known cryptocurrency Mantra (OM) collapsed by over 90% in a single day, raising concerns of manipulation.
Experts like Markus Thielen of 10x Research believe that Bitcoin may be entering a consolidation phase. He pointed to the stochastic oscillator—a technical indicator measuring momentum—which suggests Bitcoin might be closer to a market top than the beginning of another rally.
Prominent macro strategist Lyn Alden echoed cautious optimism. Speaking recently about the broader economic outlook, Alden said she believes Bitcoin still has a “good chance” of surpassing $100,000 by the end of 2025. However, her earlier bullish forecasts have been slightly adjusted due to economic developments—especially new U.S. tariffs introduced in February.
“If not for the tariff situation, my price target would’ve been higher,” Alden shared during an interview. She added that a major liquidity event—such as a bond market crisis or aggressive Federal Reserve intervention—could push Bitcoin higher, possibly exceeding all-time highs.
Alden also emphasized that Bitcoin’s 24/7 trading nature adds both opportunity and risk. Since it doesn’t rely on stock market hours, investors sometimes react to global news on weekends, making Sunday sell-offs a common pre-Monday risk management move.
Abraxas Capital’s recent $250 million Bitcoin investment underscores the strong interest from major institutions in digital assets. As the crypto market matures and traditional finance continues to blend with blockchain technology, these large-scale purchases send a clear message: Bitcoin is here to stay.
While short-term corrections may occur, the long-term view among institutional investors remains focused on growth, resilience, and strategic accumulation.
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