As Bitcoin Price Hovers Near ATH, Large Investors Aggressively Accumulate BTC! - Coin Bulletin

While the price of Bitcoin (BTC) hovers near the record of 112 thousand dollars, large investors have begun aggressively accumulating BTC.

Bitcoin (BTC) is only a few percent away from its all-time high of $112,000, and large-scale investors are viewing this situation as a new bullish opportunity. According to Glassnode data, whales with a balance of over 10,000 BTC have been accumulating strongly in recent days, while smaller investors tend to reduce their holdings.

This trend indicates that there are different expectations at various levels of the market. Especially with the wallets holding 1,000 to 10,000 BTC also starting to buy, there is a significant accumulation occurring among large-scale investors. In contrast, individual investors holding 100 BTC or less have been reducing their assets in recent months, and the BTC supply may be shifting from small investors to institutional or high net worth individuals.

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What is the Plan of the Whales?

The moves of large investors, often referred to as "smart money" in the Bitcoin market, are being closely monitored. This aggressive buying wave that started after the BTC price dipped to 76 thousand dollars last April indicates that whales are expecting higher prices for Bitcoin.

According to experts, this situation could be a hint that the price of Bitcoin may break its current record and rise to much higher levels in the near future. The increase in purchases by whales supports the likelihood of a strong rally in the market in the coming periods.