Bitcoin Accumulation Spikes: Whales Go Big

Bitcoin whales added 60+ new wallets in April as prices dipped signaling strong accumulation and a potential bullish breakout.

Bitcoin Whales Quietly Accumulate as Price Dips: 60+ New Wallets in April

While Bitcoin's price action has kept retail investors guessing, behind the scenes, whales have been aggressively stacking. Data from Glassnode reveals a sharp increase in the number of wallets holding over 1,000 BTC widely recognized as the threshold for “whale” status.

Since early March, over 60 new Bitcoin whale wallets have been created. As of April 15, the count of these high-value addresses has reached 2,107, marking a four-month high. This puts the figure back in line with levels last seen during the crypto market rallies of November and December 2024, which followed the re-election of Donald Trump as U.S. President.

"Whales are accumulating massive amounts of Bitcoin, they know what comes next." – Mister Crypto, BTC trader

What the Data Tells Us

Wallets with >1,000 BTC: Rose from 2,037 (late February) to 2,107 (mid-April)
Wallets with >100 BTC: Ticked up to 18,026 as of April 20
Wallets with <10 BTC: Trending downward, showing weaker retail participation

These trends are a clear sign of institutional interest or ultra-high-net-worth individuals increasing their stakes. And it’s happening just as exchange balances are declining an indicator that more Bitcoin is being stored offline, possibly in cold wallets, rather than left on exchanges for trading or selling.

Whale Behavior and Price Correlation

Historically, whale accumulation tends to precede major bullish trends in Bitcoin. During similar spikes in 2020 and early 2021, Bitcoin went on a parabolic run that culminated in a then-all-time high of nearly $65,000.

Now, with April 2025 showing comparable accumulation trends, analysts are beginning to forecast a return to six-figure BTC territory.

According to on-chain analytics from CryptoQuant, whales are absorbing over 300% of Bitcoin’s yearly issuance rate, further tightening supply.

This aggressive dip-buying has strengthened the bullish reversal narrative that’s forming on Bitcoin’s technical charts.

BTC Price Breaks Out of Sideways Channel

After trading within a tight range for weeks, Bitcoin finally broke out of its multimonth falling wedge pattern, rising more than $3,000 in a single day on April 21 to touch $87,400 a level not seen since late March.

Technical analysts view this breakout as a key trend reversal signal, potentially setting Bitcoin up for another push toward the $100,000 mark by early May.

"Falling wedges are often bullish patterns paired with whale activity, this is a strong reversal signal." – TradingView analyst

Small Holders Exit, Big Players Dominate

While whales have been diving deeper, smaller holders are stepping back. Wallets with less than 10 BTC have been declining steadily, indicating either capitulation, profit-taking, or a move away from self-custody to custodial platforms.

This divergence between whales and small holders reflects a macro shift in Bitcoin ownership, where the market influence is consolidating among fewer, larger participants.

Looking Ahead: What Comes Next for Bitcoin?

If accumulation continues and demand outpaces Bitcoin’s limited supply, the next leg up could be sharp. Add in macro factors like:

The post-halving supply shock
Falling Bitcoin reserves on exchanges
Inflation hedging amid global economic instability

…and you have the perfect recipe for a bullish continuation.

The all-time high for whale wallets still stands at just under 2,500, hit in February 2021. With April’s trajectory, we may soon be testing those historic highs again.

Final Thoughts

Bitcoin whales are making their move while the crowd hesitates. With over 60 new 1K+ BTC wallets added in recent weeks, it's clear that smart money is quietly positioning for what could be another breakout moment. If historical patterns repeat, this could be the calm before a major rally.

Don’t let the sideways price fool you, whales are stacking, and history shows they’re often ahead of the curve.

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