Whales Snap Up Bitcoin as It Climbs Toward Historic Highs, Hinting at Bullish Market Sentiment.

Big Bitcoin Holders Snap Up BTC as Smaller Investors Exit

Bitcoin is trading just below its record high of $112,000, and large investors are taking the opportunity to increase their holdings, while smaller players are pulling back.

Whales—wallets with over 10,000 BTC—have shifted into aggressive accumulation, signaling strong confidence in further price gains. Mid-sized investors with 1,000 to 10,000 BTC are also buying, according to data from Glassnode’s Trend Accumulation Score.

Meanwhile, smaller investors—holding anywhere from less than 1 BTC to 100 BTC—have largely been selling or distributing their coins over the past couple of months. This contrast points to a possible shift of bitcoin ownership from retail investors to institutions or wealthy individuals.

The current wave of accumulation began after bitcoin touched a local low of around $76,000 in mid-April. With BTC now trading near $109,000, analysts see continued whale buying near record highs as a bullish indicator, suggesting these large players expect further growth ahead.