According to BlockBeats, on-chain data reveals that despite a decline in Bitcoin prices from March to April, the number of addresses holding over 1,000 BTC has reached a four-month high. Glassnode data indicates that these addresses increased from 2,037 at the end of February to 2,107 by April 15, marking the highest level in nearly four months. This current figure is comparable to levels seen in November to December 2024, influenced by the U.S. election market dynamics, but remains below the historical peak of nearly 2,500 addresses in February 2021.
The structure of Bitcoin whale holdings is undergoing changes. Addresses holding over 100 BTC have seen a slight increase to 18,026, while retail investors are reducing their holdings, with addresses holding less than 10 BTC continuing to decline. Whales are accumulating Bitcoin at a rate three times faster than the annual increase in Bitcoin supply, and the balance on cryptocurrency exchanges continues to decrease.
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