{"id":127590,"date":"2025-04-21T05:15:54","date_gmt":"2025-04-21T05:15:54","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127590"},"modified":"2025-04-21T05:15:54","modified_gmt":"2025-04-21T05:15:54","slug":"bitcoin-whales-pundits-continued-to-stack-throughout-april-data-shows","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127590","title":{"rendered":"Bitcoin whales, pundits continued to stack throughout April, data shows"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe number of addresses holding more than a thousand Bitcoin has surged in April as whales continue to accumulate.\u00a0<br \/>\nMore than 60 new wallets holding over 1,000 Bitcoin (BTC) have appeared since early March, a signal of increasing whale activity.\u00a0<br \/>\nThe number of these whale wallets has increased from 2,037 in late February to hit a four-month high of 2,107 on April 15, according to Glassnode.\u00a0<br \/>\nThis has returned the metric to levels seen in two spikes in whale addresses in November and December, when crypto markets were surging following the election of US President Donald Trump.\u00a0<br \/>\nThe all-time high for Bitcoin whale addresses was in February 2021, when it came just short of 2,500.<br \/>\nNumber of addresses with a Bitcoin balance of over 1,000 BTC. Source: Glassnode\u00a0The number of addresses holding over 100 BTC has also climbed marginally this year, reaching 18,026 on April 20, according to Glassnode. However, smaller holders with less than 10 coins have been in decline over the past few months.\u00a0<br \/>\nWhales continue stacking<br \/>\nOn April 18, Cointelegraph reported that Bitcoin whales were absorbing the asset at record rates of over 300% of the yearly issuance while exchange balances were falling.\u00a0<br \/>\nBitcoin whales holding over 10,000 coins remain in strong accumulation territory as the dip buying continues, according to Glassnode.\u00a0<br \/>\n\u201cWhales are accumulating massive amounts of Bitcoin, they know what comes next,\u201d said Bitcoin trader \u2018Mister Crypto\u2019 on April 20.<br \/>\nBitcoin whale position change. Source: Mister Crypto\u00a0Related: Bitcoin price falls toward range lows, but data shows \u2018whales going wild right now\u2019<br \/>\nMeanwhile, Bitcoin prices appear to be breaking out of a sideways channel that began in early March.\u00a0<br \/>\nThe asset climbed more than $3,000 on the day to reclaim $87,400 on April 21 for the first time since March 28.\u00a0<br \/>\nBitcoin\u2019s breakout from a multimonth falling wedge chart pattern signals a potential bullish reversal that could drive its price back toward six figures by May, according to analysts.\u00a0<br \/>\nMagazine: Altcoin season to hit in Q2? Mantra\u2019s plan to win trust: Hodler\u2019s Digest<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-whales-addresses-hit-four-month-high-april?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe number of addresses holding more than a thousand Bitcoin has surged in April as whales continue to accumulate.\u00a0 More than 60 new wallets holding over 1,000 Bitcoin&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127590"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127590"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127590\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127590"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}