According to Santiment, Bitcoin (BTC) surged to $108,947, approaching its previous all-time high of $112,000. Notably, after three consecutive months of declining large holder activity, the BTC network has seen an increase of 622 wallets holding 10 or more BTC in the past four weeks. This uptick in whale and shark wallets suggests renewed accumulation by major investors, a bullish indicator that could fuel further price momentum. Traders should monitor these on-chain signals as they often precede significant price movements, increasing the probability of BTC retesting its all-time high. Source: Santiment (@santimentfeed, June 16, 2025).

According to glassnode, entity-adjusted URPD data over the past six months reveals a strong institutional presence in the Bitcoin market. Wallets holding over 100,000 BTC are most concentrated at the $74,000–$76,000 price range, indicating significant accumulation at this level. Large whales with 10,000–100,000 BTC are active at $78,000–$79,000, $85,000–$90,000, and near current price levels, suggesting strategic accumulation and potential support zones. Above $90,000, trading activity is led by holders with 100–10,000 BTC, highlighting a shift in market structure. This clustering of large holders at specific price bands provides traders with clear support and resistance levels for Bitcoin, reflecting institutional strategies that could influence short-term price action (source: glassnode, June 4, 2025).

According to Crypto Rover, large-scale Bitcoin investors, commonly known as whales, are purchasing unprecedented amounts of BTC, signaling increased accumulation activity in the current market cycle (source: Crypto Rover on Twitter, April 28, 2025). This surge in whale buying is often interpreted by traders as a bullish signal, historically preceding upward price movement. Market participants should monitor on-chain data and address clusters to identify potential entry points and manage risk as increased accumulation could lead to heightened volatility and a potential BTC price breakout.

According to Cas Abbé on Twitter, large cryptocurrency holders, known as whales, have been accumulating 100,000 BTC worth $8.75 billion over the past six weeks, marking a shift from their selling behavior during November and December 2024. This strategic accumulation during market fear can be a significant indicator for traders.