Bitcoin Wallets Holding 100 BTC About To Hit 20K: Santiment
The number of Bitcoin wallets holding 100 BTC or more is nearing 20,000, which Santiment suggests is a bullish sign of wider distribution.Summary
Crypto analytics platform Santiment reports that the number of unique Bitcoin wallets holding 100 BTC or more is close to hitting 20,000, with 19,993 wallets recorded as of Thursday. This growth is considered a bullish indicator because it suggests distribution among more large holders rather than control by a small group, thereby reducing the perceived risk of price manipulation by a few whales. Santiment notes this points to "less extreme consolidation at the very top." Although this signals rising confidence amid Bitcoin's price decline from its all-time high, the platform also observed that the overall percentage of supply held by this cohort remains unchanged, implying some long-term holders might be selling, which contributes to suppressed prices. Analysts suggest that if Bitcoin can establish a higher low, the upward trend may continue.
(Source：Cointelegraph)