The post Bitcoin Whale Accumulation Surges Despite Price Decline: Addresses Holding Over 1000 BTC Hit Four-Month High appeared on BitcoinEthereumNews.com.

COINOTAG News reported on April 21st that recent on-chain analytics from Cointelegraph indicate a complex shift in Bitcoin ownership patterns, despite its price declines from March to April. Remarkably, the count of addresses possessing over 1000 BTC surged to a near four-month peak, rising from 2037 at the end of February to 2107 as of April 15th. This uptick mirrors trends seen during the late 2023 rally associated with the U.S. election but remains significantly below the all-time high of nearly 2500 addresses recorded in February 2021. Furthermore, whale accumulation is notably accelerating, with large holders amassing Bitcoin at a rate threefold that of its annual issuance. Additionally, the number of mid-tier addresses, those holding over 100 BTC, has increased to 18,026, while retail investor participation is waning, evidenced by a decline in the number of addresses holding less than 10 BTC. This evolving landscape points to a notable redistribution in the Bitcoin ecosystem, as exchange balances continue to diminish. Source: https://en.coinotag.com/breakingnews/bitcoin-whale-accumulation-surges-despite-price-decline-addresses-holding-over-1000-btc-hit-four-month-high/

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Filed under: News - @ April 21, 2025 5:23 am