Bitcoin Whales Continue Accumulating in April, Large Wallet Count Hits Four-Month High
According to ChainCatcher, as reported by Cointelegraph, despite Bitcoin's price dip in early April, whales have been actively accumulating.
Data from Glassnode shows that since early March, the number of wallets holding more than 1,000 Bitcoins has increased by over 60, reaching 2,107 as of April 15, the highest in four months. This data has returned to the levels seen during the market rally in November and December last year.
Meanwhile, Bitcoin's price has broken through the sideways consolidation that began in early March, reaching $87,400 on April 21 for the first time since March 28. Analysts believe that Bitcoin's breakout from a multi-month descending wedge chart pattern could signal a bullish reversal, with prices potentially returning to six figures in May.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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