Bitcoin (BTC) whale wallets have seen significant growth in recent weeks, reaching their highest level since December 2024

Bitcoin (BTC) whale wallets have seen significant growth in recent weeks, reaching their highest level since December 2024. According to market data provider Santiment

The number of Bitcoin (BTC) whale wallets, holding between 1,000 and 10,000 BTC, has surged in recent weeks, reaching its highest level since December, according to market data.

Over the last five weeks, there was an increase of 2.6% in the count of such whale wallets, according to Santiment. This comes amid a modest recovery in Bitcoin’s price, which had seen a brief dip to the $81,000.

Bitcoin is currently trading around $84,000 as of April 1, 2025.

While the broader crypto market has seen mixed performance in recent times, this growth in whale wallet numbers signals continued confidence among large Bitcoin holders.

According to Santiment, the count of Bitcoin wallets with balances ranging from 1,000 to 10,000 BTC has risen to 1,993.

This marks the highest number of such whale wallets since December, highlighting a notable trend in Bitcoin’s market.

This rise in whale wallets comes amid overall volatility in the crypto market.

Bitcoin’s price has not been immune to the broader market fluctuations, but the increase in whale wallets suggests that large holders are still optimistic about Bitcoin’s performance, even with short-term price declines.

This contrasts with the behavior of smaller holders, many of whom have sold off or reduced their positions during price downswings.

However, data from IntoTheBlock shows a significant increase in Bitcoin accumulation by large holders.

In the past week alone, large holder outflows have jumped by 2,709.80%, with a 567.83% rise over the past 30 days.

This sustained accumulation suggests that institutional investors and high-net-worth individuals are still confident in Bitcoin’s long-term potential, making these price dips an attractive entry point.

As part of its broader analysis, IntoTheBlock also examined Bitcoin exchange inflows, which have shown signs of stabilization.

Over the past 24 hours, the inflow volumes decreased by 0.98%. However, the 7-day and 30-day data indicate a rise in inflows, with a 17.93% increase in the past week and a 53.22% rise over the past month.

A slowdown in the pace of new inflows into exchanges may indicate that more Bitcoin is being held off exchanges rather than being sold.

This reduction in exchange inflows could be a signal that investors are choosing to hold their positions, expecting further price appreciation in the future.