Glassnode: Number of Whale Addresses Holding over 1000 BTC Surges Since Last Friday

By: theblockbeats.news|2025/11/18 08:15:55
0
Share
copy

BlockBeats News, November 18th, despite the continued pressure on the crypto market this week, the number of Bitcoin whale wallets has surged against the trend. Glassnode data shows that whales have been consistently accumulating since the end of October, with the number of addresses holding over 1000 BTC significantly increasing since Friday.

On October 27th, when BTC reached a high of $114,000, the number of whale wallets dropped to a yearly low of 1354. However, as of this Monday, that number has rebounded by 2.2% to 1384, reaching a four-month high. At the same time, Glassnode indicators suggest that small investors holding 1 BTC or more may be one of the sources of selling pressure, as the total number of such wallets has continued to decline from 980,577 on October 27th to a new yearly low of 977,420 on November 17th.

This confirms a typical pattern in the crypto market, where whales often take the opportunity to accumulate when retail investors panic-sell during a sharp drop. Markus Thielen, founder of 10X Research, stated that some whale selling pressure still exists, emphasizing the profound impact of the Federal Reserve's FOMC meeting on October 29th on the current market. The meeting statement disrupted the fragile balance between the super whale sell-off of 1000-10000 BTC and the whale buy-off of 100-1000 BTC. While super whales are absorbing some of the sell-off, net flow data on the 30th still shows that selling pressure remains dominant."

You may also like

Raising interest rates to protect STRC and selling coins to maintain credit, this time the strategy has chosen the two most expensive paths

The rebound in BTC prices can make all problems simple.

Morning Report | Samsung announces a 265.5 trillion won investment plan, focusing on semiconductor and AI computing power data centers; Vitalik publishes an article detailing the entire technology tree behind the confusion protocol (iO) mainline

Overview of Important Market Events on June 29

In the era of AI, what is left of Bitcoin?

AI can generate a fake image, create a fake video, and even forge a person's voice. But it cannot make the entire Bitcoin network acknowledge a non-existent transaction out of thin air.

NeoSoul announced plans to integrate with the OKX Agentic Wallet, promoting AI agents' participation in the on-chain economy

After the integration is complete, the AI entity will be able to manage on-chain assets, pay service fees, and perform related on-chain operations.

Why Is Bitcoin Lagging Stocks in 2026? AI Stocks, ETF Outflows, and the Nasdaq Rally Explained

Stocks are hitting record highs while Bitcoin continues to lag. Discover why AI stocks are attracting institutional capital and what it means for crypto traders.

What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline

Peeling back its smooth trading interface to examine the underlying legal relationships and settlement processes, you will find that this is far from a simple "RWA asset revolution," but rather a complex game of interests involving spot pricing, rights ownership, and the monopoly of underlying custo...

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Program:[email protected]