Bitcoin

BTC $108,805.90
Whales, investors holding over 10,000 BTC, are aggressively buying more of Bitcoin, indicating confidence for further upside even as prices hover near an all-time high of around $112,000.

Over the past few days, whales, along with wallets holding between 1,000 to 10,000 BTC, have shifted into accumulation mode. In contrast, smaller holders, ranging from sub-1 BTC wallets to those with 10 to 100 BTC, have been selling off their holdings, according to Glassnode’s Trend Accumulation Score.

Known as the “smart money,” whales have a significant investment at stake. The shift of coins from smaller retail investors to larger, institutional or high-net-worth investors is evident as Bitcoin’s price rests around $109,000. The accumulation trend score shows that strong buying interest began after Bitcoin reached a local low of approximately $76,000 in mid-April.

This accumulation by whales at nearly record price levels is potentially a bullish signal, suggesting they may be positioning for future market growth.