According to Glassnode data, the number of unique whale entities holding at least 1,000 BTC has increased from 1,392 to 1,417 in the last week. This rise is recorded as one of the highest whale counts of 2025 and indicates that the confidence of institutional or large-scale investors has been restored.

Glassnode classifies users or organizations that control multiple addresses as a single "entity".
Additionally, the Accumulation Trend Score (Birikim Eğilim Skoru), an important on-chain indicator, reveals that not only whales but also small investors holding less than 1 BTC (shrimps) are aggressively buying. This situation showcases a rare alignment between retail and institutional investors.
This metric evaluates the accumulation power based on wallet size and buying behavior over the last 15 days. A score approaching 1 indicates strong accumulation, while a score approaching 0 indicates distribution. By excluding assets such as exchange and miner addresses, the sentiment of real investors is analyzed.
Especially at this level, sustainable accumulation was last seen in November 2024, during the period when President Trump was re-elected. That time marked the beginning of a strong rally that resulted in Bitcoin reaching the 100,000 dollar level.
Thanks to both the broad-based accumulation and the renewed interest from whales, market observers may now have more confidence that Bitcoin is preparing to retest its all-time high.