Are Whales Back? Bitcoin Whale Holdings Surge by Over $4 Billion

A recent surge in Bitcoin (BTC) whale holdings has raised eyebrows, signaling a potential return to significant accumulation following a period of relative inactivity. According to Ali Martinez, large Bitcoin holders have acquired over 43,100 BTC since April 2nd, valued at approximately $4 billion, based on data from CryptoQuant. This marked an upward trend in whale balances, with the total amount of BTC held by these entities rising from 3.498 million BTC to 3.541 million BTC between April 13 and April 27. This is one of the most notable two-week gains in recent months.