<ul data-eligibleForWebStory="true"><li>Number of wallets holding 10 or more BTC has grown by 622 since May 21st after a decline period.</li><li>Bitcoin's price reached as high as $108,947 as it nears its all-time high of $112,000.</li><li>Increase in large wallet activity hints at renewed confidence among deep-pocketed investors.</li><li>These wallets serve as key market influencers and can indicate future price movements or institutional sentiment.</li><li>Data from Santiment shows a significant reversal in accumulation trends that were previously decreasing.</li><li>Analysts closely monitor price movements and wallet activity as Bitcoin approaches its record high.</li><li>Rising number of wallets with 10+ BTC suggests accumulation rather than distribution, favoring bullish sentiment.</li><li>Observing whale and shark behavior can offer insights into market sentiment and potential price movements.</li><li>The likelihood of Bitcoin retesting $112,000 could be influenced by the continued accumulation of large holders.</li></ul>

Bitcoin Whale and Shark Wallets Surge as Price Eyes $112,000

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