#BTCRebound
According to Glassnode, the number of addresses holding at least 100 bitcoins has also slightly increased, reaching 18,026 on April 20. At the same time, the number of small holders with 10 coins or less has been declining since the beginning of January.
Bitcoin whales, owning more than 10,000 coins, continue to actively accumulate cryptocurrency by buying during price dips. They know what will happen next in the market, explained experts from Glassnode.
The increase in the number of bitcoin whales during a price drop indicates a sustained high level of trust in the first cryptocurrency among professional investors. Current accumulation metrics are comparable to periods preceding past rallies, analysts believe.
Earlier, experts from The Block reported that the number of Google (NASDAQ:GOOGL) search queries for "bitcoin" reached a score of 34 in March, which is the highest level since the beginning of the year.