According to a verified researcher at CryptoQuant, the current BTC whale holding hit a new all-time high around 670,000 BTC. The researcher stated that the price of 17047316900 could often move in a sideways trend when the 79064592735 holding positional value exhibits a new peak, but it creates more demand during a bull market.

Bitcoin whale accumulation is currently similar to its 2020 trend. The proportion of BTC whales on spot exchanges had matched its previous 2020 high, with whale wallets accumulating over 1.5 million BTC over the past six months.