On-chain data shows that Bitcoin investors holding between 100 and 1,000 BTC have been on an unprecedented buying spree in the past two months.

On-chain data shows the Bitcoin shark cohort has participated in its largest accumulation spree over the past month since 2012.

Here’s how much Bitcoin the whales have added to their combined holdings since the start of the year 2024, according to on-chain data.

Bitcoin has broken above the $28,000 mark as on-chain data shows the key BTC wallets have been accumulating during the last few weeks.