Key facts
- Addresses holding 1,000 or more Bitcoin have reversed months of selling.
- These large holders now control 7.17 million BTC.
- This is the highest level of Bitcoin controlled by these addresses since March.
Bitcoin whales, defined as addresses holding 1,000 or more BTC, have shifted from selling to accumulating the cryptocurrency. According to data from Santiment, these large holders now control 7.17 million BTC, a level not seen since March. This reversal in behavior suggests a potential increase in confidence among major Bitcoin investors.