According to Cointelegraph, despite the decline in bitcoin prices in early April, the whales are still actively increasing their holdings.
Glassnode data shows that the number of wallets holding more than 1,000 bitcoins has increased by more than 60 since the beginning of March, reaching a four-month high of 2,107 on April 15. This data is back to the level last seen in November and December when the market rallied.
Meanwhile, bitcoin prices have broken through the sideways consolidation that began in early March, re-standing at $87,400 on April 21 for the first time since March 28. Analysts believe that bitcoin's breakout from the multi-month downward wedge pattern could signal a bullish reversal, with prices poised to return to six figures in May.
Bitcoin whales continued to increase their holdings in April, and the number of large wallets reached a four-month high
2025-04-21 05:19:45
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