Bitcoin Whales Accumulate: Large Holdings on the Rise

CryptoQuant has identified a surge in Bitcoin addresses holding between 1,000 and 10,000 BTC, excluding exchange and mining wallets. This trend is often associated with bullish sentiment for Bitcoin’s price, as it indicates confidence from institutional and high-net-worth investors. Past data suggests these accumulation patterns precede significant price increases due to the reduction in circulating supply as a result of large investors buying up BTC.