Bitcoin Whales Are Back: You Won’t Believe Who’s Hoarding All the Crypto

by

Well, well, well, look who’s come crawling back to the Bitcoin buffet! According to the digital detectives at Glassnode, the number of wallets holding between 1,000 and 10,000 BTC (that’s basically “Scrooge McDuck level” in nerd money) has jumped to 2,014 from a mere 1,944 since March 5. Yes, that means even more billionaires now have one more thing to brag about at boring parties.

This isn’t just a steady uptick. No, these mega-wallets have been multiplying with the fervor of rabbits at a carrot convention. Glassnode’s data shows a swelling crowd of 2,014 fat-cat wallets, signaling that the institutional sharks smell blood — or maybe just the scent of another yacht party. Either way, it’s a sign: the grown-ups are here, and they brought their wallets (which, incidentally, are probably still on a USB stick somewhere that their assistant can’t find).

The number of addresses holding 1K–10K $BTC has risen steadily since March 5, up from 1,944 to 2,014. Whale accumulation is picking up at a pace last seen in April 2024 – signaling renewed confidence from large holders:

— glassnode (@glassnode) April 15, 2025

This flurry of accumulation is the highest since April 2024—back when everyone thought a “bull run” was just a wacky Spanish festival where you try not to die. Analysts (and whoever gets paid to say “number go up”) are now teasing the prospect of another wild rally. Because if there’s one thing the crypto market loves, it’s making you feel like you should’ve bought in three months ago. 🐋🚀

Bitcoin whales return as BTC price resurges

Over the past month, those big baller Bitcoin addresses have grown by about 3.5%. That’s right, the whales are back to hoarding—just like your aunt with commemorative spoons, except these spoons could buy Argentina. The “whale accumulation” level hasn’t been this high since last April, and we all know what happened next: chaos, memes, sweet gains, and probably someone losing a password to their millions.

What’s fueling this? Bitcoin is trading at $84,084 as of now, up nearly 10% in a single week. (It’s just a totally normal, perfectly rational asset class, folks.) And the whales aren’t just sitting on their digital piles — huge transfers and withdrawals have been splashing through the market, with a casual $84 million (!) vanishing from a top exchange faster than you can say “I just need my seed phrase.”

The whales, it seems, are stacking coins the way college students stack instant noodles: with hope, desperation, and a dash of “what could possibly go wrong?”. Even blockchain gumshoes at Whale Alert spotted a chunky 1,000 BTC moving from a major U.S. exchange to a mysterious wallet on April 15. No word yet if it’s Elon Musk or just a guy who never lost his laptop charger.

Read More

2025-04-16 02:48