Large Bitcoin Investors Fueling Crypto King’s Ascent Above $100,000
Analytics firm Glassnode has reported that large Bitcoin investors are actively accumulating BTC, propelling the cryptocurrency above the $100,000 mark.
Bitcoin Accumulation Across Investor Segments
Glassnode’s Trend Accumulation Score chart reveals that all major Bitcoin cohorts, ranging from wallets holding less than one BTC to those with over 10,000 BTC, are in a state of “near-perfect” accumulation.
The firm notes that even whales holding over 10,000 BTC are participating at levels not seen since December 2024, indicating strong conviction behind the current BTC uptrend.
Bitcoin is currently trading at $117,412.
Renewed Interest in Ethereum
Glassnode also highlights a resurgence in first-time ETH investors after a period of waning interest. The supply held by new buyers has increased by approximately 16%, signaling fresh market participants entering the Ethereum ecosystem.
Ethereum’s current value stands at $3,765.
Potential Upside for Solana
Regarding Solana, Glassnode suggests that the layer-1 protocol may be primed for a significant uptick after breaching a key resistance level. The next major resistance for SOL is projected around $190, with reduced overhead resistance potentially accelerating the uptrend.
Solana is currently trading at $197, surpassing Glassnode’s resistance point.
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