According to on-chain analytics platform Santiment, large Bitcoin holders—classified as whales and sharks—are making a strong return to the market.
After three months of steady decline in wallet accumulation, the number of wallets holding 10 or more BTC has grown by 622 since May 21st.
This uptick in large wallet activity arrives as Bitcoin pushes toward its all-time high of $112,000, recently climbing as high as $108,947.
Renewed Confidence Among High-Cap Holders
The growth in whale and shark wallets suggests renewed confidence among deep-pocketed investors. These wallets represent a critical layer of market influence, often acting as signals for future price action or institutional sentiment.
Santiment’s data highlights a sharp reversal in accumulation patterns that had been trending downward throughout the previous quarter.
Market Prepares for Next Price Breakout
With Bitcoin trading just below its record highs, analysts are closely watching both price and address activity. The rising count of 10+ BTC wallets signals accumulation rather than distribution—an encouraging sign for bulls eyeing the next major breakout.
As Santiment notes, tracking whale and shark behavior can provide valuable clues about where market conviction is strongest. Whether BTC will retest $112,000 soon may depend in part on whether these large holders continue to load up.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-whale-and-shark-wallets-surge-as-price-eyes-112000/