Bitcoin Sharks & Whales Continue To Accumulate: Stage Set For New All-Time High?
Large Bitcoin investors, known as sharks and whales, have increased their holdings as Bitcoin approaches its all-time high. Investors holding between 10 and 10,000 BTC have collectively added approximately 83,100 tokens over the past month, despite a brief period of profit-taking when Bitcoin surpassed $97,000. This recent accumulation indicates a bullish sentiment among these key investors, who have not shown signs of selling during the current upward momentum. In contrast, smaller investors holding less than 0.1 BTC have been selling, suggesting they may believe Bitcoin's peak is near. Bitcoin is currently trading at around $103,800, reflecting an 11% increase over the past week. Analysts suggest that the accumulation by large investors could lead to a breach of the $110,000 all-time high soon.
