Bitcoin’s largest holders are aggressively accumulating BTC, despite short-term market volatility. According to analytics firm Santiment, wallets holding between 10 and 10,000 BTC added a combined total of 83,105 BTC over the past 30 days. 

Meanwhile, smaller wallets — those holding less than 0.1 BTC — decreased by 387 BTC, revealing a stark contrast in behavior.

This trend reflects a classic dynamic: large investors buy the dip, while retail traders tend to sell during price surges out of fear. Analysts believe this accumulation may signal a strong upward move ahead. Santiment suggests that Bitcoin could surpass $110,000 soon and reach a new all-time high (ATH).

This optimism is partially driven by improving macroeconomic conditions. On May 12, Bitcoin briefly surged to $105,800 following news that the United States and China agreed to a 90-day pause in their ongoing trade war. The U.S. reduced tariffs on Chinese imports from 145% to 30%, while China lowered tariffs on U.S. goods from 125% to 10%.

Despite the positive reaction in global markets, Santiment cautions that this agreement may be more of a framework than a finalized deal. Investors are urged not to overextend their positions until firmer confirmations emerge — reminding the community of the old adage: "buy the rumor, sell the news."

Meanwhile, institutional activity remains robust. Michael Saylor's MicroStrategy added 13,390 BTC worth $1.34 billion, averaging $99,856 per coin. This brings the firm’s total holdings to 568,840 BTC, now valued at over $59 billion — resulting in an unrealized profit of about $20 billion.

Japan’s Metaplanet also made headlines by acquiring 1,271 BTC for $126.7 million at an average of $102,119 per coin. The company now holds 6,796 BTC, surpassing El Salvador’s reserves, and reports a 170% return on its Bitcoin portfolio this year.

At the time of writing, Bitcoin is trading at $102,427, down 1.8% over the past 24 hours. Although up 8.5% in the past week and 21.2% over the past month, BTC remains 5.7% below its ATH of $108,786 set earlier this year. Still, many analysts now believe the next breakout may be imminent.

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