In brief: The number of Bitcoin addresses holding 1,000 BTC or more has increased tremendously However, the increment is not due to Bitcoin whales accumulating The uptick is due to the WBTC custodian moving Bitcoin reserves to multiple new addresses The number of Bitcoin addresses holding more than 1,000 BTC has experienced an uptick. However, the increment in addresses holding 1k+ BTC is not due to whales accumulating, but rather the custodian of Wrapped BTC, transferring Bitcoin reserves to several […]