Bitcoin Elite Whale Wallets Hit Six Month High

Bitcoin is facing some price resistance near $65,180, but the biggest players in the market are moving in the opposite direction. Data shows that the number of wallets holding at least 10,000 Bitcoin has jumped to 90, marking the highest point for these elite accounts in six months. This represents a 7.1 percent increase in large wallets over just eight weeks.

This trend signals a shift in supply distribution. While smaller accounts holding less than 0.01 Bitcoin are shrinking, the largest wallets are actively adding to their positions. History often shows that when supply rotates into the hands of these major investors, the market prepares for a potential bullish move. It suggests that stronger hands are controlling the current circulating supply.

Market watchers are paying close attention to this accumulation alongside a recent rise in active wallet addresses. With trading volume climbing 42 percent over the last day to reach $21.64 billion, the market remains active despite recent price dips. If this whale activity continues, Bitcoin might have the momentum needed to break through the $65,180 resistance level and move toward $67,000.