Bitcoin Sharks and Whales Increase Holdings Ahead of Potential All-Time High

On-chain data indicates that large Bitcoin investors, categorized as those holding between 10 and 10,000 BTC, have increased their holdings recently as the price nears its all-time high.

Key Points

Investors in the 10 to 10,000 BTC range represent significant market influence, holding between $1 million to $1 billion.
According to analytics firm Santiment, these "sharks and whales" added approximately 83,100 BTC over the past month.
Earlier in the month, these investors sold some of their holdings following a recovery beyond $97,000, likely for profit-taking.
Currently, they are again accumulating Bitcoin without signs of profit-taking, which may support further price increases.
In contrast, smaller investors holding less than 0.1 BTC have been selling, possibly indicating bearish sentiment among them.
The analysis suggests Bitcoin could breach its previous high of $110K due to large investor accumulation and recent market conditions.

Current BTC Price

Bitcoin is trading around $103,800, reflecting an 11% increase over the last week.