Bitcoin (BTC) Whales Broke the Record of the Last 3 Years

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According to Glassnode data, the total number of Bitcoin whales has reached the highest level since January 2021. Addresses holding at least 1K BTC are considered whales. The fact that whales are still buying BTC is quite remarkable because whales are wealthy investors and they can be very famous companies and banks. I think we will probably hear about new famous companies entering the crypto market in January or February 2025. The fact that whales are still buying BTC could be a sign of a rally.

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Bitcoin is currently trading at $68,104 and is up about 6% in the last month. To be honest, it performed worse than I expected in October because I was expecting it to hit a new ATH this month. But October is not over yet and I am still very optimistic. We will wait and see.

This is not investment advice, please do your own research before investing.