Kalaovin
--
Bearish
Large investors, commonly referred to as whales, are once again accumulating Bitcoin (BTC) in large amounts. This report was written by Glassnode on social media X on Wednesday (April 16, 2025), where since March 5, the number of wallet addresses holding between 1,000 and 10,000 BTC has increased from 1,944 to 2,014.
In other words, there are 70 new whale wallets in just over a month. This is a quite significant increase, and it hasn't happened again since April of last year. Additionally, the change in the number of whale wallets over the last 30 days also shows a consistent positive trend.
Interestingly, this is happening amid Bitcoin prices remaining relatively stable around $70,000. Although the price hasn't moved much, the actions of these whales could signal that they are preparing for a significant movement in the market.
Many analysts believe that accumulation by whales often serves as an early indicator of a major price movement. As is known, because they hold large amounts of Bitcoin, their actions can significantly influence the market, both in terms of liquidity and sentiment.
In addition to Glassnode, data from Santiment shows that the number of addresses holding between 100 and 10,000 BTC has also increased since mid-March.
$PEPE $BTC
In other words, there are 70 new whale wallets in just over a month. This is a quite significant increase, and it hasn't happened again since April of last year. Additionally, the change in the number of whale wallets over the last 30 days also shows a consistent positive trend.
Interestingly, this is happening amid Bitcoin prices remaining relatively stable around $70,000. Although the price hasn't moved much, the actions of these whales could signal that they are preparing for a significant movement in the market.
Many analysts believe that accumulation by whales often serves as an early indicator of a major price movement. As is known, because they hold large amounts of Bitcoin, their actions can significantly influence the market, both in terms of liquidity and sentiment.
In addition to Glassnode, data from Santiment shows that the number of addresses holding between 100 and 10,000 BTC has also increased since mid-March.
$PEPE $BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0