Analyst: Bitcoin Whale Hits All-Time High Accumulation, Suggests Early Positioning for Future Rally
BlockBeats News, July 7th, 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 about $112,000. Despite the price nearing the high, large holders (whales) — investors holding over 10,000 BTC — have been continuously accumulating recently, seen as a sign of their confidence in the future price increase.
According to Glassnode's trend accumulation rating data, in the past few days, not only have whale wallets entered a positive "accumulation mode," but wallets holding between 1,000 and 10,000 BTC have also started buying in large quantities. In contrast, small holders (including wallets holding less than 1 BTC or between 10 and 100 BTC) have mostly chosen to reduce their holdings or distribute their coins over the past few months.
This clear contrast — with the Bitcoin price stable at around $109,000 — may indicate that the market is experiencing a shift of chips from retail investors to institutions or high-net-worth individuals. The accumulation score shows that strong buying interest began to emerge in mid-April when Bitcoin touched a local low point (around $76,000).
This large holder accumulation near an all-time high is further seen as a bullish signal, indicating that they may be positioning themselves early for a future price increase.
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