According to data from blockchain analytics firm Glassnode, Bitcoin whales have recently broken a pattern that they had previously maintained during halving cycles. The growth of Bitcoin whales has been decreasing over the past few cycles, but this cycle seems to be a little different. Currently, Bitcoin cycles are defined by halving events, and "halving" refers to a blockchain event that occurs every time 210,000 blocks are mined on the network, or approximately every four years, which permanently halves the reward for miners solving blocks. As can be seen in the figure below, the growth in the number of whales seems to be stronger than in the previous cycle. It is important to note that the current cycle still has about 344 days until the next halving event.

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