Bitcoin Whale Activity Hits 12-Month High: What Does It Mean for the Market?

Recent data reveals a significant surge in Bitcoin whale holdings, reaching a 12-month high according to Glassnode. This increase comes on the heels of Bitcoin’s impressive performance since its 2022 lows – exceeding a +656% gain – only trailing behind the surges seen in 2015-2018 (+1076%) and 2018-2022 (+1007%). This surge is particularly noteworthy given Bitcoin’s larger market capitalization today, suggesting sustained demand growth aligns with the asset’s maturation.