Bitcoin Nears $112K All-Time High as Whales and Medium Holders Ramp Up Accumulation

Bitcoin (BTC) is approaching its historic peak of approximately $112,000, according to a recent market analysis by CoinDesk senior analyst James Van Straten. Notably, large-scale investors, commonly referred to as whales—those holding over 10,000 BTC—have been actively expanding their portfolios, signaling robust confidence in Bitcoin’s near-term trajectory. Data from Glassnode’s trend cumulative score reveals that both whale and medium-sized holders (1,000 to 10,000 BTC) have significantly increased their accumulation, contrasting sharply with smaller investors who have been offloading assets. This divergence suggests a strategic capital shift from retail participants to institutional and high-net-worth investors amid Bitcoin’s price consolidation around $109,000. The uptick in large-scale buying activity, which began following a local dip near $76,000 in mid-April, underscores a growing bullish sentiment. Such accumulation patterns by major holders near all-time highs typically indicate positioning for potential upward momentum in the crypto market.