Glassnode reports that investors holding over 1,000 BTC boosted their holdings significantly over the past week, signaling strong confidence in the cryptocurrency.
Wallets containing more than 1,000 bitcoin added roughly $4 billion in value over the last week, accumulating about 53,000 coins, according to blockchain analytics firm Glassnode. This activity suggests substantial accumulation by large-scale holders, often referred to as 'whales', which can influence market dynamics by reducing circulating supply.