Analyst: Bitcoin Whales Continue Accumulating at Historic Highs, Indicating Possible Early Positioning for Future Gains

Odaily Planet Daily News: CoinDesk senior analyst James Van Straten released a market analysis stating that Bitcoin (BTC) is currently only a few percentage points away from its all-time high of around $112,000. Despite prices nearing record levels, large holders (whales)—that is, investors holding more than 10,000 BTC—have recently continued to accumulate, which is seen as a sign of their confidence in further price increases. According to Glassnode’s trend accumulation score data, not only have whale wallets entered an active “accumulation mode” in recent days, but medium-sized wallets holding between 1,000 and 10,000 BTC have also started buying heavily. In contrast, smaller holders (including wallets with less than 1 BTC or between 10 and 100 BTC) have mostly chosen to reduce or distribute their holdings over the past few months. This clear contrast—while Bitcoin’s price remains stable at around $109,000—may indicate that the market is experiencing a shift in holdings from retail investors to institutions or high-net-worth individuals. The accumulation score shows that strong buying interest began to emerge after Bitcoin hit a local low of around $76,000 in mid-April. This increase in large-holder accumulation near all-time highs is further seen as a bullish signal, suggesting they may be positioning in advance for future price increases.