Bitcoin Whale Activity Reaches Four-Month High, Driving Price Rebound

Recent data from Glassnode reveals a significant increase in Bitcoin whale wallets holding over 1,000 BTC, reaching a four-month high of 2,107 as of April 15th. This surge signifies a marked rise in large-holder activity within the cryptocurrency market. Notably, whales are absorbing Bitcoin at an unprecedented rate, exceeding 300% of annual issuance. Exchange balances are declining concurrently, indicating a decrease in liquid supply and increased confidence among long-term investors.