😮 Independent from the impressive volume happening with #Bitcoin #ETF there has been a distinct flip in the level of $BTC's supply being held by different sized wallets:

🐳 1K-10K $BTC wallets: $12.95 billion added in 2024

🐋 100-1K $BTC wallets: $7.89 billion dropped in 2024

The net difference in these smaller and larger wallets typically associated with the highest tiers of active whales indicates an estimated +$5.06 billion in Bitcoin accumulation by 100-10K BTC wallets thus far this year. Additionally, the most recent 5-day span has seen the highest level of transactions exceeding $100K in value since June 2022. There has been a clear rise in interest from key stakeholders after Bitcoin's cross above $50K this week.