The number of Bitcoin wallets is approaching over 20000, holding at least 100 BTC

The number of Bitcoin wallets is about to exceed 20000, and wallets holding at least 100 BTC have a minimum value of approximately $6.78 million, mainly owned by high net worth individuals, funds, long-term holders, or institutions. The increase in the number of BTC wallets with over 100 coins indicates that more large holders are diversifying, but wealth is still concentrated among strong holders rather than small retail wallets. Historical data shows that an increase in the number of whale wallets usually occurs during the accumulation phase and may support subsequent price rebounds. （Santiment）