The number of addresses holding more than a thousand Bitcoin has surged in April as whales continue to accumulate.
More than 60 new wallets holding over 1,000 Bitcoin (BTC) have appeared since early March, a signal of increasing whale activity.
The 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.
This 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.
The all-time high for Bitcoin whale addresses was in February 2021, when it came just short of 2,500.
Number of addresses with a Bitcoin balance of over 1,000 BTC. Source: Glassnode
The number of addresses holding over 100 BTC has also climbed marginally this