Retail and institutional investors are ramping up Bitcoin accumulation, mirroring bullish trends last observed during the 2024 U.S. election cycle.

Bitcoin (BTC) at $117,942.97 is experiencing a strong wave of buying activity across all investor segments, with whale wallets taking the lead.

Data from Glassnode shows the number of unique whale entities—defined as holders of at least 1,000 BTC—has increased from 1,392 to 1,417 over the past week. This surge represents one of the highest whale counts in 2025, reflecting renewed confidence from large-scale and institutional investors.

Glassnode’s methodology groups clusters of addresses controlled by the same individual or organization as single entities.

The on-chain Accumulation Trend Score indicates robust buying pressure not only from whales but also from “shrimps”—small holders owning less than 1 BTC. This rare alignment between retail and institutional investors underscores widespread optimism.

This score measures accumulation strength based on wallet size and recent buying behavior over a 15-day span, where values near 1 signal strong accumulation and those near 0 indicate distribution. Entities like exchanges and miners are excluded to better capture genuine investor sentiment.

Such broad-based and sustained accumulation hasn’t been witnessed since November 2024, during President Trump’s re-election, a period that sparked a surge in bullish momentum pushing Bitcoin above $100,000.

With both retail and whale interest intensifying, market watchers are growing increasingly confident that Bitcoin could soon challenge—and potentially exceed—its all-time highs.