The number of Bitcoin addresses with over 1,000 BTC has reached a four-month high of 2,107, up from 2,037 in February. This increase mirrors trends witnessed after the US elections in late 2020, though it is below the all-time high of 2,500 in February 2021. Market analysts, including Robert Kiyosaki, predict significant price rallies for Bitcoin, potentially reaching $180k-$200k by 2025.
In April, the number of Bitcoin addresses holding over 1,000 BTC reached a four-month high, climbing from 2,037 in late February to 2,107 on April 15, as per Glassnode data. This increase indicates a trend in whale accumulation, potentially signalling market movements.
The recent growth returns the number of wallets exceeding 1,000 BTC to levels last seen following the US elections in late 2020, although it remains below the all-time high of nearly 2,500 in February 2021. Conversely, the count of addresses holding less than 10 BTC has been declining.
We observe a notable increase in wallets containing over 100 BTC, now at 18,026 as of April 20. Pseudonymous trader Mr. Crypto suggested this could hint at significant market developments, as major investors typically anticipate future trends.
Market analysts, including Robert Kiyosaki, foresee a bullish trend for Bitcoin, projecting it could reach between $180k and $200k by 2025. This optimistic outlook follows a 3% price increase, with Bitcoin trading at approximately $87,515.53 after rebounding from a low of $83,976.85 in a 24-hour period.
