The number of new Bitcoin whale wallets has increased substantially as large investors keep hoarding the cryptocurrency.
The balance of these wallets has surged to about 1.97 million BTC, representing an over 813% Year to Date (YTD) growth.
The new whale wallets now own 9.3% of the entire Bitcoin supply, worth approximately $132 billion.
The surge in new whale wallets and active BTC addresses indicates growing confidence and interest in Bitcoin among institutional and high-net-worth investors.