Bitcoin Surges as U.S. Investors Accumulate 1,455 Wallets Hold 1,000 BTC

Bitcoin has been experiencing a surge in demand from U.S. investors, as indicated by the Coinbase Premium Index staying positive for three consecutive weeks. This trend suggests that American participants are actively buying Bitcoin, driving the market's recent rally. The demand is not limited to large investors or whales; smaller traders are also participating in the market, as evidenced by the positive Taker Buy Sell Ratio on CryptoQuant.

Whale activity has significantly increased, with the number of wallets holding at least 1,000 BTC rising to 1,455 entities as the price hit a new all-time high. This indicates that whales are aggressively accumulating Bitcoin despite the recent price surge. Retail participation has mirrored this behavior, with more market takers executing buy orders than sell orders, showing that demand is broad and not just top-heavy.

This accumulation from both large and small wallets has led to a decrease in Bitcoin's availability, as reflected by the surge in its Stock-to-Flow Ratio. A higher scarcity often precedes a rise in prices if demand remains constant or increases further. If the accumulation trend continues, Bitcoin could revisit $110K for the fourth time. Holding above this level could flip it into strong support, paving the way for a breakout to new highs. However, if whale transfers turn into selling, Bitcoin could face a quick correction down to $106,204.

Overall, the market sentiment among U.S. investors remains bullish, despite concerns over large transfers of Bitcoin through Coinbase. The accumulation trend suggests that investors are repositioning themselves rather than selling their holdings, which could support Bitcoin's price in the near term. The broad participation from both whales and retail investors indicates a strong demand for Bitcoin, which could drive its price higher in the coming weeks.