Whales remain confident in Bitcoin's future. This is further evidenced by the change in their combined balance over the past 30 days, which has increased by 152,000 BTC.
Blockchain data indicates a clear structural shift in Bitcoin whale behavior: addresses holding between 1,000 and 10,000 BTC have increased their combined holdings to approximately 3,204,000 BTC. This is the highest level not seen since 2024.
It appears that the ongoing consolidation in the crypto market has not alarmed the whales. They remain confident in Bitcoin's future. This is further evidenced by the change in their combined balance over the past 30 days, which has increased by 152,000 BTC. This is a sharp acceleration compared to previous months, suggesting that the current movement is not a short-term reaction, but part of a larger repositioning cycle.
Whale activity is also increasing on centralized crypto exchanges. Thus, in January, the Binance indicator increased to almost 0.65, the highest since November 2025. This behavior is often associated with hedging strategies, derivatives positioning, or capital rotation between instruments, while underlying spot assets remain unchanged.
In this case, the increase in exchange activity occurs in parallel with net accumulation, supporting the idea that large holders are adjusting their strategies without abandoning long-term positions.