Bitcoin Whales That Could Start a Bull Return After Months: Glassnode Report

Glassnode drew attention with its sharing of Bitcoin (BTC) whales’ volatile movements.

According to data provided by on-chain analysis platform Glassnode, Bitcoin whales have started to accumulate BTC again after a long time.

Since the all-time high (ATH) Bitcoin saw in March, the market has experienced a widespread distribution of supply across wallet sizes.

During this process, many investors have sold by distributing their Bitcoin assets to wallets of different sizes. However, a remarkable reversal has been seen in this trend recently.

In particular, the largest wallets connected to spot Bitcoin exchange-traded funds (ETFs) have started to focus on Bitcoin accumulation again. This shows that large investors are adopting a long-term strategy and that confidence in Bitcoin is increasing.

According to leading market analysts, the re-accumulation of these large wallets could have a significant impact on Bitcoin's future price movements. In particular, the increasing interest of institutional investors and large funds in Bitcoin is considered a positive sign for the market.

This change in the Bitcoin supply distribution indicates that expectations for future price increases are strengthening among investors. The market is closely following these strategic moves by large wallets and will continue to monitor whether this trend will continue.

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