Over 60 new wallets holding over BTC were added, signaling a resurgence in whale activity.
According to on-chain data analysis platform Glassnode, the number of wallets holding 1,000 BTC or more increased from 2,037 at the end of February to 2,107 on April 15.
That's the highest level in four months. The figure follows similar spikes in November and December 2023, when the market surged after former President Donald Trump's reelection.
The all-time high for Bitcoin Whale wallets was in February 2021, when it approached about 2,500.
The number of addresses holding over 100 BTC also increased slightly, reaching 18,026 as of April 20.
Meanwhile, the number of small investors holding less than 10 BTC has been declining in recent months. Recent reports suggest that Bitcoin whales are growing bitcoin at a rate of over 300% of the annual issuance.
This, combined with declining holdings on exchanges, suggests we are entering a period of strong buybacks.
In particular, whales who hold more than 10,000 BTC are still buying continuously and are viewing the market decline as an opportunity.
On the 20th, cryptocurrency trader Mister Crypto said through X, "Whales know what's coming next, which is why they're collecting so much Bitcoin right now."
2025/04/22 16:30 KST
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