Bitcoin whales have become active once again

Santiment has reported that whales who hold at least 1,000 BTC on their balances have stocked up on more than 220K BTC, almost $10 billion in just 7 days.

These whales have now added a combined 1.06% of BTC’s total supply in a little over a month. Santiment notes that the last time a rapid accumulation trend like this was recorded was 2 years ago in December of 2019.