There is a significant increase in accumulation by major Bitcoin holders in the market. Analysis shows heightened interest in the cryptocurrency among institutional players.
Growth of Accumulation Among Major Holders
Recent data indicates that the number of addresses holding more than $10 million in Bitcoin has increased by 4.23% in recent years. This shows a significantly heightened interest in the cryptocurrency from the largest investors.
Market Dynamics and Bitcoin Price
Bitcoin is currently testing resistance, frequently oscillating in the $107,000-$110,000 range. Although retail interest has not fully returned, the accumulation by major holders suggests potential growth despite current price volatility being lower than in previous rallies.
Small Players in the Market and Future Predictions
According to data, Bitcoin held by holders between $100,000 and $1 million has increased by 2.71%, while those between $1 million and $10 million have risen by 2.34%. This broad accumulation confirms faith in Bitcoin's long-term prospects. However, small players are currently showing caution, as indicated by the RSI level, which shows moderate strength.
It is crucial to monitor the accumulation process closely. Historically, purchases by large holders have preceded sharp price movements. A breakout above the $120,000 level may become a key moment for further growth.
