Odaily Planet Daily News CoinDesk senior analyst James Van Straten released a market analysis indicating that Bitcoin (BTC) is currently only a few percentage points away from its historical high of approximately $112,000. Despite the price being close to its peak, large holders (whales) — investors holding more than 10,000 bitcoins — have continued to accumulate recently, which is seen as a sign of their confidence in future price increases. According to Glassnode's trend accumulation score data, not only have whale wallets entered an active 'accumulation mode' in recent days, but even medium-sized wallets holding between 1,000 and 10,000 BTC have begun to buy in large quantities. In contrast, small holders (including wallets holding less than 1 BTC or between 10 and 100 BTC) have mostly chosen to reduce or distribute their holdings over the past few months. This obvious contrast — with Bitcoin prices stabilizing around $109,000 — may indicate that the market is undergoing a transfer of chips from retail investors to institutions or high-net-worth individuals. Accumulation scores show that strong buying interest began to emerge after Bitcoin reached a local low point (around $76,000) in mid-April. This increase in holdings by large investors near historical highs is further viewed as a bullish signal, suggesting they may be positioning themselves for future price increases.

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