Wallets created within the last six months holding at least 1,000 BTC have doubled in holdings, now controlling over 1.1 million BTC.
These 'new whales' have accumulated a supply equivalent to nearly 10 months of Bitcoin mining, indicating new money entering the market.
The average age of holdings in these wallets is low, suggesting recent capital inflows rather than internal redistribution by existing players.
Analysts suggest that this accumulation trend by institutional-sized buyers could precede a bullish phase due to impending macro catalysts like interest rate cuts or inflows into newly launched Bitcoin ETFs.