TechFlow news Arcane Research, citing Glassnode data, noted that the number of addresses holding at least 1,000 bitcoins has increased by 7.2% since last December. Most of the top 100 addresses are dormant, meaning the bitcoins in these addresses have not moved for many years. Arcane Research also stated that the surge in whale addresses could be a sign of growing institutional buying, though it's also possible exchanges are splitting their wallets.
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