Whales are showing an increase in Bitcoin purchases.

In the last 12 hours, significant trading volumes in the crypto market have caught attention. Four major whales have invested millions of dollars worth of USD Coin (USDC) to open long positions in Bitcoin and other altcoins. According to data provided by the on-chain analysis platform Lookonchain, large investors are leaning towards taking bullish positions again.

One of the wallet addresses, 0x89AB, invested 9.6 million dollars in USDC over the last 12 hours to purchase 80.47 Bitcoins (approximately 8.7 million dollars). Additionally, it opened a long position worth 133.86 Bitcoins (14.47 million dollars) with 6x leverage. Another notable address, 0x3fce, invested 1.5 million dollars in USDC, increasing its Bitcoin long position to 459.82 Bitcoins (49.7 million dollars). Furthermore, the 0x8Ae4 address sent 4 million dollars in USDC to open long positions in Bitcoin, Ethereum, and Solana.

On the other hand, a whale named 0xd8ef invested 5.44 million dollars in USDC to take a long position on Ethereum. All these movements indicate that, following the liquidation waves in recent weeks, major investors are hopeful for a short-term recovery in the market.

Sequential high-volume USDC transfers, particularly with an increase in the number of addresses opening long positions on the Hyperliquid platform, indicate that bullish expectations for Bitcoin prices are strengthening. This situation is causing investors to regain optimism for Bitcoin.

In conclusion, the critical price levels and the willingness to open positions that crypto investors should consider provide important clues about how Bitcoin's price may trend in the coming days. Investors should closely monitor these significant developments.