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Bitcoin Whales Pile In Amid $63k-$65k Range

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BTC
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Bitcoin whales and sharks are increasing their holdings as the cryptocurrency trades in the $63,000 to $65,000 range. According to Santiment data, this accumulation trend has strengthened since earlier this week, coinciding with a surge in network activity.

The network activity is attributed to the impact of the Coldcard hardware wallet security incident, which led to an increase in risk-aware on-chain accumulation. This trend could support price and adoption momentum in crypto markets.

Notably, micro Bitcoin (BTC) holders are vanishing at the fastest pace since December 2024, as per CryptoRank data.

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