There be whale sightings in bitcoin land!

In what may very well end up being a leading indicator, wallets with at least 1k bitcoin in them has picked up again significantly.

The last time this happened was during the big run up in late 2020 and early 2021.

Check it out:

(Source: https://twitter.com/BTC_Archive/status/1507370052848431109/photo/1)

If you look back at the charts whale activity moves very closely with the price of bitcoin, often leading it.

Interestingly enough there was a huge drop-off back in January of 2021 even while the price basically went sideways for the rest of the year.

Now, they are back...

What could that mean?!