The last time the number of major Bitcoin (BTC) investors reached such a high level was on July 7.

Despite the recent price fluctuations in Bitcoin, which included rapid increases and decreases of $2,000 in just a few days, these significant BTC investors, known as whales, appear unfazed. Their total count has reached a local peak of 1,611, as reported by Glassnode.

To put this into perspective, back in May of this year, when Bitcoin's value was mostly in the range of $26,000 to $27,000, there were fewer than 1,570 of these large investors.

Glassnode's analysis reveals that the number of BTC whales has reached its highest point in 10 months due to recent developments in the cryptocurrency market, including increased volatility surrounding Bitcoin.