Bitcoin is experiencing significant accumulation across all wallet sizes, with on-chain data indicating that smaller holders are absorbing more than the monthly issuance of new BTC. This trend, reflected in the high Accumulation Trend Scores for various cohorts, suggests a strong buying pressure that has not been seen since late 2024 and early 2025.

Bitcoin is projected to reach $139,000 by the end of the year as investor confidence matures and macroeconomic conditions stabilize, according to a report from 21Shares. The report highlights rising adoption in high-inflation economies and suggests that current market dynamics indicate a consolidation phase rather than a peak. Despite recent shocks in the industry, Bitcoin continues to be viewed as a hedge against traditional financial risks.