Glassnode: The Bitcoin community has increased its holdings of 111,000 BTC in the past 30 days, the highest level since October 2023

Glassnode data shows that in the past 30 days, the Bitcoin community has actively increased its holdings, with the total monthly balance change reaching 111,000 BTC, the highest since October 2023. This is the highest accumulation since before Bitcoin surged from $25,000 to $40,000. A deeper look into the behavior of specific groups found that “whale” entities holding between 1,000 and 10,000 Bitcoins led the accumulation activity by accumulating approximately 236,000 Bitcoins in 30 days. Meanwhile, “super whales” holding 10,000 or more Bitcoins have distributed about 50,000 Bitcoins over the past month, while exchanges have seen net outflows of about 50,000 Bitcoins. Among the smaller groups, the “shrimp” group, which holds less than 1 Bitcoin, has accumulated 13,000 bitcoins, while the “crabs” and “fish” groups have been less distributed over the past 30 days. (CryptoSlate)