The number of large Bitcoin holders, often referred to as 'whales', has risen to its highest level since January 2021. Whale entities are defined as clusters of crypto wallet addresses held by a single participant with a minimum of 1,000 BTC. This increase is seen as a positive indicator for a potential rally in Bitcoin prices. However, the rate of accumulation among retail investors has recently slowed down, according to insights from CryptoQuant. The uptick in whale activity supports the argument for a price rally as larger holders appear to be regrouping amid changing market conditions.

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