The Bitcoin giants are making waves again — and they're not slowing down.
As the price of Bitcoin (BTC) dipped through March and April, something big was happening behind the scenes: whales were stacking. Over 60 new wallets holding more than 1,000 BTC each appeared, according to the latest data — a clear signal that the big players are doubling down.
From 2,037 addresses in February to 2,107 by April 15, this surge in whale wallets marks a four-month high, reminiscent of similar activity in late 2020 and early 2021. For those keeping score, the all-time record was just under 2,500 whale wallets back in February 2021.
And it's not just the 1,000+ club making moves. Wallets holding over 100 BTC have nudged upward too, hitting 18,026 on April 20. However, the smaller holders — those with less than 10 BTC — seem to be retreating.
Whales Are Hungry, and They're Buying the Dip
According to Cointelegraph, whales are currently absorbing BTC at a rate over 300% of the annual issuance, while exchange reserves continue to shrink. In other words, the big players are quietly stacking — and they might know something the rest don’t.
“Whales are accumulating massive amounts of Bitcoin, they know what comes next,” said crypto trader Mister Crypto on April 20.
Meanwhile, Bitcoin's price jumped back over $87,400 on April 21, breaking out of a long-standing sideways trend. Analysts say this could be the beginning of a bullish breakout, with price targets potentially eyeing six figures by May.
