Number of Bitcoin Wallets Holding More Than 100 BTC Nears 20,000

Wallets holding at least 100 Bitcoin are often viewed as a gauge of activity among large holders or institutional investors. An increase in such addresses means more wallets have crossed the 100-BTC threshold, rather than holdings becoming further concentrated among a small number of extremely large addresses. However, a single entity may control multiple wallets, so the address count does not equal the actual number of investors.

The latest data from blockchain analytics firm Santiment shows that the number of wallets holding more than 100 Bitcoin is approaching 20,000. Santiment interpreted the trend as a bullish signal, saying large holders remain confident in their positions amid price volatility. The data did not provide a specific measurement date or state how far the count remained below 20,000.