$BTC 🐳 🛑

The number of new whale wallets holding over 1,000 bitcoins has skyrocketed, now holding a whopping 1.97 million BTC. These wallets exclude exchanges and miners, suggesting that they are likely institutional or custodial wallets.

An interesting fact is that the average age of the coins held in these wallets is less than 155 days, indicating that these bitcoins were recently acquired, reinforcing the idea of ​​large amounts of bitcoin being accumulated in a short space of time.

Since the beginning of the year, the balance of these wallets has increased by a massive 813%, now holding 9.3% of all available bitcoins, valued at around $132 billion at the current exchange rate. This shows a growing concentration of bitcoins in the hands of a few entities, which could directly influence the market.

These movements may represent a sign of confidence in the asset's future, as large investors are betting heavily on its accumulation. For those who follow the market, this is a fact worth keeping an eye on, as large movements like this tend to impact bitcoin's liquidity and even volatility in the coming months.