Bitcoin Whale Wallets Increase to 17,799 Amid Price Surge

Bitcoin experienced a significant recovery, closing the past week with a 9.30% gain after dropping below $90,000. Key developments include:

Bitcoin reached a high of $105,970, rising over 7% on Friday.
The number of whale wallets holding at least 100 BTC increased to 17,799, indicating accumulation, a bullish signal.
Large holders are optimistic about potential price gains as Bitcoin approaches its all-time high of $108,268.
Investor sentiment is bolstered by expectations of pro-crypto policies from the incoming administration of Donald Trump.
Spot Bitcoin ETFs have seen strong performance with $37.10 billion in net inflows, and predictions suggest they may surpass physical gold ETFs in asset accumulation by 2025.

As of now, Bitcoin is trading at $104,174, reflecting a 3.19% increase in the last 24 hours, with a daily trading volume of $65.88 billion. The relative strength index stands at 69.16, nearing overbought conditions, which may indicate a potential reversal.

Bitcoin's market cap is currently $2.06 trillion, representing 56.4% of the total cryptocurrency market.