Santiment: Bitcoin Wallets Holding Over 100 Coins Surpass 20,000

Santiment posted on X platform that Bitcoin is approaching a milestone, with the number of wallets holding at least 100 BTC exceeding 20,000. Wallets holding 100 or more Bitcoin are currently valued at at least $6.78 million, primarily owned by high-net-worth individuals, funds, long-term holders, or institutions. An increase in this number during or after price declines can be seen as a bullish signal. However, so far, the overall supply share of key holders has not significantly increased, which keeps the price suppressed. If the number of wallets with over 100 BTC grows, it indicates that holdings are distributed among more large holders rather than being concentrated in a few, thus reducing the concentration of top-tier holdings. At the same time, compared to small retail wallets, wealth is becoming more concentrated among more powerful large holders. Therefore, this is not a sign of minimal decentralization, but it shows that more independent entities have reached "whale" status. Historically, an increase in whale wallets often occurs during accumulation phases, followed by price support and recovery. Growth in wallet numbers must be matched by an overall increase in supply holdings, as retail investors gradually sell tokens to large holders. History shows that retail traders will eventually panic-sell or take early profits, triggering this phase. $BTC {spot}(BTCUSDT)