The chart highlights a notable trend in Bitcoin activity, with a significant increase in accumulation by large holders, referred to as whales, particularly noticeable from 2024 onward. The data shows a sharp rise in both the number of new whales and the Bitcoin price, with the price surging dramatically in recent months. This suggests a period of intense market interest and potential bullish momentum. The realized market cap also reflects steady growth over the years, culminating in a steep climb in 2024-2025. This accumulation could indicate strong confidence among major investors, possibly driving further price increases.
