Top Analysts Revise Bitcoin Price Prediction as Whale Wallets Grow

Bitcoin is once again flirting with uncharted territory. After climbing above $108,000, just three percent shy of its May peak near $112,000, on-chain data show that the largest holders are back in accumulation mode.

Glassnode’s Accumulation Trend Score has flipped to “strong buy,” and wallets controlling more than 1,000 BTC have absorbed coins that smaller traders have been selling. The shift has reignited debate over the next big Bitcoin price prediction and whether a breakout is imminent.

Historical Pattern: Whales Signal the Moves Before the Crowd

Large-holder accumulation often precedes sustained rallies. In late 2020, whales added aggressively between $12 k and $15 k, setting up the 2021 bull run. A similar pattern emerged in early 2024 ahead of the spring surge past $100 k. Seeing the score surge above 0.8 today tells analysts that the smart money is positioning early, an important data point for any forward-looking Bitcoin price prediction.

On-Chain Evidence of Aggressive Buying

• Wallets with 1,000–10,000 BTC have turned net positive for the first time in six weeks.
• “Mega whales” holding over 10,000 BTC added to balances at prices around $108 k.
• Retail cohorts below 100 BTC continue to distribute, suggesting a classic supply rotation from weaker to stronger hands.