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Bitcoin Approaches Historic High of $112,000: Surge in Wallets

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by Giorgi Kostiuk

4 hours ago

Bitcoin continues to attract attention, reaching a new price high. The changes in the number of large wallets may indicate further growth.

Bitcoin Price Surge

Recent data shows that Bitcoin's price has climbed to $108,947, edging closer to its all-time high of $112,000 set on May 22, 2025.

Increase in Large Wallets

According to Santiment, since May 21, 2025, the Bitcoin network has seen a net gain of 622 wallets holding over 10 BTC, signaling increased confidence among major holders.

Future of Bitcoin Amid Institutional Investments

The rise in large wallets coincides with increasing interest from institutional investors. JPMorgan and Morgan Stanley have started allowing clients to invest in Bitcoin, indicating market maturity and the positioning of large players.

Current data shows positive trends for Bitcoin, yet the question remains whether it can surpass the $112,000 mark, as the market continues to face volatility.

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