Glassnode: The number of whale addresses holding over 1000 BTC has significantly increased since last Friday.

BlockBeats news, on November 18, despite the continued pressure on the encryption market this week, the number of Bitcoin whale wallets has surged against the trend. Glassnode data shows that since the end of October, whales have been steadily accumulating, with the number of Addresses holding more than 1000 BTC significantly rising since Friday. On October 27, when the BTC price was at a high of $114,000, the number of whale wallets fell to an annual low of 1,354. However, as of this Monday, that number has rebounded by 2.2% to 1,384, reaching a four-month high. Meanwhile, Glassnode indicators show that small investors holding more than 1 BTC may be one of the sources of selling pressure, with the total number of such wallets continuously decreasing from 980,577 on October 27 to an annual low of 977,420 on November 17. This confirms the typical pattern in the encryption market, where retail investors panic sell during a big dump, while whales often seize the opportunity to accumulate. Markus Thielen, founder of 10X Research, stated that there is still some selling pressure from whales and emphasized that the Federal Reserve's October 29 FOMC meeting has a profound impact on the current market, as the meeting statement disrupted the fragile balance between buyers and sellers, specifically between super whales holding 1,000-10,000 BTC selling and whales holding 100-1,000 BTC buying. Although super whales are absorbing some of the sell orders, the net flow data on the 30th shows that sell orders still dominate.