Bullish Signals Are Multiplying For Bitcoin

While the crypto market is experiencing a consolidation phase, the large holders of bitcoin, commonly called “whales,” are massively strengthening their positions. This is one of the many bullish signals emerging at the end of April 2025.

A strategic accumulation during volatility

Since March 2025, a clear trend has been emerging on the Bitcoin blockchain. According to Glassnode data, the number of addresses holding more than 1,000 BTC rose from 2,037 at the end of February to 2,107 on April 15, reaching a peak not seen for four months.

This increase of more than 60 wallets represents a strong accumulation signal from large investors.

This level of whale activity recalls that observed during the peaks of last November and December, an euphoric period that followed Donald Trump‘s election to the U.S. presidency.

Although still below the historical record from February 2021 (nearly 2,500 addresses), this surge in activity comes at a strategic moment for the market.

It is not just the number of addresses that is impressive, but the extent of their accumulation. These large entities are currently absorbing the equivalent of more than 300% of the newly issued bitcoin supply, according to on-chain analyses.

In other words, for every bitcoin mined, these investors withdraw three from circulation, drastically reducing available market liquidity.

A redistribution of forces on the market

Alongside this accumulation by large holders, we have observed a decrease in the number of small holders (less than 10 BTC) in recent months. This dynamic suggests a progressive redistribution of holdings towards stronger, long-term oriented hands.

This phenomenon is accompanied by another significant signal: massive bitcoin withdrawals from exchange platforms. According to Glassnode, the annual net withdrawal rate has reached historically low levels, below -200%. This trend clearly indicates a long-term storage strategy rather than active speculation.

“Whales are accumulating massive amounts of bitcoin, they know what’s coming next“, commented the trader “Mister Crypto” on April 20.

After several weeks of sideways movement, bitcoin finally seems to be waking up. The asset jumped more than $3,000 in one day to reach $87,400 on April 21, a level it hadn’t reached since March 28.

This breakout of a descending wedge chart pattern could herald a significant bullish reversal. According to several analysts, this technical move could propel the bitcoin price towards six figures by May 2025, if the current momentum holds.