I was looking at on-chain data and noticed something interesting: Bitcoin whales have resumed heavy accumulation. The holdings of these folks surpassed 4.25 million BTC over the weekend, the highest level since mid-February. On Sunday alone, these massive wallets moved more than 27,000 BTC, roughly $2 billion in just one day.

For those who don’t follow, whales are investors holding between 1,000 and 10,000 tokens, which today means somewhere between $74 million and $745 million each. Basically, people with a lot of market power. After selling quite a bit in February and March, Bitcoin whales are now on a buying wave again. Coincidence or not, Bitcoin surged above $78,000 just as this group intensified their acquisitions.

The pattern is quite clear: when whales change behavior, the price tends to follow. But history shows that these giants can turn direction quickly, like they did in February. Ethereum is also seeing a similar movement, with large holders increasing from 54 to 57 heavy wallets. So for now, the trend is accumulation, but it’s worth keeping an eye on what these whales do moving forward.