Bitcoin Whales Accumulate Massive $5 Billion in a Short Period

A significant accumulation spree by Bitcoin whales has been observed since March, amounting to over $5 billion worth of BTC purchases. These large-scale investments are mirroring the bullish behavior exhibited before the 80% price rally of Bitcoin (BTC). Glassnode data reveals that wallets holding more than 10,000 BTC are showing strong accumulation with a near-perfect score of 0.9. This trend aligns with the significant buying pressure from mid-sized Bitcoin holders as well, reflected in their scores of 0.7 and 0.5 for 1,000–10,000 BTC and 100–1,000 BTC wallets respectively. These whales are now showing strong conviction before a potential price surge.