Bitcoin whales, defined as wallets holding over 1,000 BTC, have increased to 1,455 as of May 2025, now controlling approximately 6% of the total Bitcoin supply. This trend highlights a renewed wave of accumulation by institutional players such as Strategy and BlackRock. The influence of these whales is evident in Bitcoin's price movements, with significant market corrections following large inflows to exchanges from these wallets. In April 2025, Bitcoin's price surpassed $110,000, coinciding with periods of dormancy in whale wallets. Additionally, Bitcoin developer activity has surged, with over 3,200 commits recorded this year, indicating renewed momentum in protocol development. Regulatory changes, including the approval of spot Bitcoin ETFs in the US in 2024, have also played a role in shaping the market, with Bitcoin reaching over $73,000 despite ongoing regulatory challenges.