Bitcoin's recent price trends and resilience have sparked optimism among investors, leading to a notable rise in the number of large holders.

Increase in Large Bitcoin Holders

The number of 'whales' or large investors in Bitcoin has significantly increased. According to CryptoQuant CEO Ki Young Ju, these large investors are rapidly accumulating Bitcoin, which is a promising sign for the cryptocurrency's trajectory.

Role of Large Holders in the Bitcoin Market

The total balance in these 'whale' wallets has surged to approximately 1.97 million BTC, representing an 813% growth compared to the previous year. These wallets now account for about 9.3% of the entire Bitcoin supply.

Increase in Bitcoin Network Activity

Since September, Bitcoin's network has witnessed a significant increase in the number of active addresses, indicating heightened interest from investors. This growth has surpassed both monthly and yearly averages.

The rise in large holders and active addresses in the Bitcoin market reflects growing investor interest and confidence. These changes may point to potentially positive trends in the future.