Bitcoin Retraces Below $120K as Coinbase Premium Gap Turns Negative

Data from Bitcoin Magazine Pro reveals a record high of addresses holding over 100 BTC, alongside aggressive accumulation by corporate treasuries and whales, underscoring growing institutional adoption.

BTC

Summary

Bitcoin is holding strong around $120,000, less than 3% below its all-time high of $123,180, as whales and corporate treasuries intensify their accumulation. Data from Bitcoin Magazine Pro shows addresses holding over 100 BTC reached a new all-time high of 18,996, surpassing the previous peak of 18,544. Notable corporate actions include Michael Saylor’s firm doubling its Bitcoin holdings and significant moves by Nakamoto and Twenty One Capital, reflecting a trend toward concentrated, institutional investment.

Terms & Concepts
  • BTC Whales: Large bitcoin holders whose substantial asset accumulation can influence market liquidity and sentiment.
  • 100+ BTC Addresses: Bitcoin addresses holding at least 100 BTC, serving as an indicator of long-term, high-value accumulation among investors.