Bitcoin whales continue to increase their holdings in April, and the number of large wallets hits a four-month high

Mars Finance News, according to Cointelegraph, despite the Bitcoin price decline in early April, whales continue to actively accumulate. Glassnode data shows that the number of wallets holding over 1,000 bitcoins has increased by more than 60 since early March, reaching 2,107 on April 15, hitting a four-month high. This data has returned to the levels seen during the market rise in November and December last year. Meanwhile, Bitcoin's price has broken through the sideways consolidation that began in early March, rising above $87,400 on April 21 for the first time since March 28. Analysts believe that Bitcoin's breakout from the multi-month descending wedge chart pattern may signal a bullish reversal, with prices expected to return to six figures in May.