Bitcoin Whales Back in Action as Market Speculates on Next Move
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Large Bitcoin holders increased their positions throughout volatile market conditions.
Bitcoin (BTC) has experienced a sharp pullback this week, briefly touching $76,000. Despite growing concern about a deeper price decline, whales and institutions are still accumulating the world’s largest crypto asset.
The number of Bitcoin wallets holding at least 100 BTC has risen to 20,229, according to new data shared by Santiment. This represents an 11.2% increase compared to the 18,191 wallets recorded at the same time last year.
Long-Term Bitcoin Confidence
Wallets holding this amount of Bitcoin currently contain roughly $7.7 million or more in BTC and are often linked to major investors, institutions, whales, and wealthy long-term holders.
Santiment explained that the steady rise in these large wallets continued throughout a year that witnessed strong market volatility and changing investor sentiment. The increase came during periods when many retail traders showed caution, fear, or frustration toward the market.
Historically, growing numbers of large Bitcoin wallets have been interpreted as a sign that influential investors remain confident in BTC’s long-term outlook, supply scarcity, and market position despite short-term uncertainty and price fluctuations.
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