The rise in whale wallets is reminiscent of previous spikes observed in late 2020, particularly following the election of U.S. President Donald Trump.

Analysts have noted that Bitcoin's breakout from a multi-month falling wedge chart pattern suggests a potential bullish reversal, which could drive prices toward six figures by May.

On April 21, 2025, Bitcoin's price climbed over $3,000 to approximately $87,400, breaking out from a sideways trend that had persisted since early March.

As of April 20, 2025, the count of wallets holding over 100 BTC reached 18,026, while those with less than 10 BTC have seen a recent decline.

In April 2025, the number of Bitcoin addresses holding over 1,000 BTC surged, reflecting increased activity among large holders, commonly referred to as whales.

Reports from April 18 indicated that Bitcoin whales were accumulating the asset at a rate exceeding 300% of its annual supply, contributing to a decline in exchange balances.

This price increase follows a significant daily rise, with Bitcoin trading at $87,515.53 early on April 21, up from a low of $83,976.85.

Despite this increase, the current number of large holders remains below the all-time peak of nearly 2,500 wallets recorded in February 2021.

Robert Kiyosaki, author of 'Rich Dad Poor Dad,' predicted that Bitcoin could reach between $180,000 and $200,000 by the end of 2025, sharing this forecast with his 2.7 million followers.

Crypto analyst Mister Crypto suggested that the accumulation of Bitcoin by whales may signal an impending significant market movement, as large investors often have insights into market trends.

Historically, spikes in whale addresses have often preceded significant price movements, indicating that the current trend may be a precursor to another market surge.