*Bitcoin whale activity has surged recently, with the number of wallets holding at least 10 BTC reaching a new milestone.*

As of June 16, 2025, the number of wallets holding 10 or more BTC has reached 16.16 million, representing 82% of the total Bitcoin supply. This marks a significant increase in whale participation, indicating growing confidence among large investors in Bitcoin's long-term potential.

This trend mirrors the accumulation patterns observed in 2020, when Bitcoin's price experienced a substantial rally. Analysts suggest that the current accumulation phase could precede a significant price increase, potentially pushing Bitcoin to new all-time highs.

The increased whale activity has led to a decrease in the amount of Bitcoin held on exchanges, reaching its lowest point since December 2021. This shift suggests that large investors are moving their holdings off exchanges, possibly in anticipation of future price increases.

Overall, the rise in whale participation and the decrease in exchange-held Bitcoin indicate a bullish outlook for the cryptocurrency, with large investors positioning themselves for potential gains in the coming months.