Bitcoin whales increase holdings by 110,000 coins in a month, reaching a new high since the FTX collapse. Retail investors also increase their positions, indicating overall demand.

ChainCatcher reports that, according to Glassnode data, during Bitcoin’s recent sideways price movement, medium to large holders’ accumulation strength reached the highest level since the FTX collapse in 2022.

In the past 30 days, the group holding 10-1000 BTC (including high-net-worth individuals, trading institutions, and some institutional investors) has accumulated approximately 110,000 BTC, the largest single-month increase since Bitcoin dropped to $15,000 three years ago. The total holdings of this group now amount to 6.6 million BTC, an increase of 200,000 BTC compared to two months ago.

Meanwhile, retail investors are also increasing their holdings. The group holding less than 1 BTC has recently added over 13,000 BTC, the largest increase since November 2023, bringing their total holdings to 1.4 million BTC.