Bitcoin Bounces Back Sharply From Last Week's Crash, But the Damage Hasn't Deterred Every Player

As whales recalibrate and institutions retreat, individual investors are embracing new tools like Best Wallet Token to navigate the next wave of volatility.

Bitcoin’s sharp bounce-back from last week’s crash has signaled a swift recovery in the crypto market, but the recent setbacks haven’t deterred every player.

As whales recalibrate and institutions reportedly take a step back, individual investors are instead engaging with new tools like Best Wallet Token to navigate the next wave of volatility.

This is unfolding as the US Congress prepares to vote on a bill that could grant the Securities and Exchange Commission (SEC) sweeping powers to regulate crypto exchanges and issue spot Bitcoin ETFs.

But while the threat of a regulatory crackdown had sparked outflows from institutional Bitcoin products, on-chain data shows that the largest traders, known as "whales," are displaying remarkable resilience.

"Long-term whale activity seems to be holding up despite recent price turbulence," noted CryptoQuant analysts.

Their analysis focused on two key metrics: the Exchange Whale Ratio and the Whale to Exchange Flow.

The former tracks the share of top-10 inflows relative to all inflows into Binance, highlighting the relative capital deployment of the largest traders compared to the overall trader cohort.

"There's a steady increase in the 365-day moving average, suggesting that the most capital-intensive traders are gradually growing their presence, especially during bullish periods. Although the 30-day metric has dipped, signaling a lull in short-term activity, it may actually hint at reduced sell pressure rather than exit strategies."

The second metric, which compares the net inflow amounts between whales and the exchange, dropped sharply by over $3 billion.

"This figure is roughly comparable to the market's deepest drawdowns in 2024. Typically, such a decline in "Whale to Exchange Flow" signals that these large holders are staying put rather than panicking out of their positions."

Institutions take a different route

In contrast, the US institutional market saw a different trend, with spot Bitcoin ETFs experiencing outflows.

According to GlobalData, between April 7 and April 11, these ETFs saw outflows of more than $713 million. Among the products, BlackRock’s IBIT saw the largest redemptions at $343 million, nearly half of the week’s total.

The move signaled cooling enthusiasm from institutions, driven by concerns over trade volatility and uncertainty around upcoming US regulations.

Still, the broader market remains bullish. Many see the ETF outflows as short-term hedging rather than long-term abandonment.

Highlighting this, Mena Athanasopoulos, market analyst at AvaTrade, pointed out that the price action remains "bullish despite rumors of a pending US regulatory crackdown on crypto and reports of institutions pulling out of Bitcoin ETFs."

This suggests that the broader market isn't necessarily reacting to these developments in the same way as institutional investors.

Enter: Best Wallet Token

As the crypto market continues to evolve, especially with the potential for regulatory breakthroughs in major economies driving a wave of new arrivals into the space, many of these new users are seeking out ecosystems that streamline everything from token storage to presale investing.

This is where Best Wallet Token ($BEST) comes into play.

Backed by one of the fastest-growing crypto wallets, the token supports a full-service platform that allows users to buy, swap, stake and invest, all through a single interface. Already, over 50 blockchains are supported, including Bitcoin, Solana, Ethereum and Cardano.

While competitors like MetaMask offer Web3 access, they lack features like launchpad integration, staking aggregation and real-time presale listings, which are all core to Best Wallet's appeal.

The $BEST token itself enhances this experience by offering reduced trading fees, governance rights and early access to upcoming crypto projects.

Momentum builds with presales and staking

To date, the $BEST presale has raised over $11.7 million, closing in on $12 million. Early buyers can still purchase tokens for $0.02475 before the next price increase.

The wallet's "Upcoming Tokens" feature has already delivered notable returns, including a 50x gain on Catslap and 10x on Pepe Unchained. Current presales include Solaxy, Solana's first Layer 2, and BTC Bull Token, which rewards holders with Bitcoin as the asset's price hits key milestones.

Best Wallet's staking platform is also gaining traction, allowing users to earn a generous 129% APY for locking up their $BEST tokens, although this rate will naturally decrease as the pool grows.

Staking helps reinforce the wallet's ecosystem and encourages long-term holding, which could be particularly appealing in a market where passive yield is becoming a sought-after hedge against volatility.

Real adoption signals long-term strength

Perhaps the most compelling sign of Best Wallet's growing momentum is its user base. With more than 250,00