Bitcoin Whales Positioning for Bull Run as Accumulation Reaches New Heights

A recent analysis of Bitcoin whale activity has revealed that the market may be on the cusp of a major bull run. Whales, or large-scale investors holding significant amounts of cryptocurrency, have been accumulating Bitcoin at an unprecedented rate. According to Glassnode data, wallets holding over 1,000 BTC have posted their biggest buying spree since November.

The accumulation is not just limited to Bitcoin, as exchange reserves have hit multi-year lows and the whale ratio on exchanges has exceeded 0.8 for the first time since July 2024. Historically, this threshold aligns with late-stage distribution from weaker hands and aggressive accumulation by larger entities.