Bitcoin whales have been aggressively accumulating BTC, purchasing 173,000 Bitcoins ($11.7 billion) in the past month.
Wallets with more than 100 BTC have increased by 1.9%, while retail wallets have declined by 0.1%.
Bitcoin's long-term accumulation by large investors has led to a 53% year-to-date growth in its price.
An institutional-grade research firm predicts Bitcoin could reach $200,000 by the end of 2025 due to its limited supply and potential as a store of value.