Bitcoin's largest holders are accumulating again as Bitwise CIO Matt Hougan argues the market may have already found a bottom and could end the year significantly higher. Hougan said bad news is no longer pushing the market lower, adding that seller pressure appears to have faded, and he said institutional exposure to Bitcoin has kept expanding. He argued that under a conventional 1% portfolio-allocation framework, effective institutional Bitcoin exposure has risen to between 4% and 5%. Separately, Santiment, a blockchain analytics platform, said the number of wallets holding at least 10,000 BTC has climbed to a six-month high, with 90 such wallets now in place after a net increase of six over the past eight weeks, a 7.1% rise. The data also showed smaller wallets losing supply share during August, which Santiment linked in part to retail pessimism tied to recent Coldcard hacks and delays around the Clarity Act. Trading views remain split: crypto trader DonAlt said Bitcoin looks ready for a breakout if it can clear current resistance, while veteran trader Peter Brandt warned that a head-and-shoulders formation (a bearish chart pattern) from April to June could still favor a decline.