Bitcoin’s 100+ BTC Wallet Club Nears 20,000 — A Quiet Bullish Signal Emerging?
The number of large Bitcoin (BTC) holders is steadily increasing, with blockchain analytics firm Santiment reporting that the network is close to reaching a major accumulation milestone.
According to recent on-chain data, only seven additional wallets are needed for Bitcoin to surpass 20,000 addresses holding at least 100 BTC, a development analysts consider a constructive signal for market structure.
Large Bitcoin Wallets Continue to Grow
Santiment revealed that there are currently 19,993 wallets containing 100 BTC or more, with each wallet holding roughly $6.7 million worth of Bitcoin at current prices.
The growth in this category suggests that Bitcoin ownership among large investors is becoming more distributed rather than concentrated within a small number of dominant whales.
Increasing numbers of 100+ BTC wallets typically indicate healthier capital distribution across the network.
This trend reduces concerns that a limited group of holders could heavily influence market volatility.
Why Distribution Matters for Market Stability
Santiment described the development as evidence of “less extreme consolidation” among top Bitcoin holders.
When more wallets cross the 100 BTC threshold:
- Market influence spreads across more participants
- Liquidity improve
- Sudden whale-driven price swings become less likely
Even during periods of uncertainty, expanding large-holder participation often reflects long-term conviction rather than speculative behavior.
Bitcoin Price Still Under Pressure
Despite improving wallet distribution, Bitcoin remains below previous highs.
- BTC trades near $67,000
- Price is roughly 47% below its October peak near $126,100
- Bitcoin has declined about 24% over the past 30 days, according to data from CoinMarketCap
Santiment noted that while new wallets are reaching the 100 BTC level, the overall share of supply held by this group has remained relatively stable.
This implies some long-term holders may still be distributing coins into the market — one reason price recovery has been gradual.
Are Long-Term Bitcoin Holders Done Selling?
Market participants have closely watched selling activity from early Bitcoin adopters, often referred to as OG holders.
On-chain analyst Will Clemente recently suggested that aggressive selling pressure from long-term holders may now be slowing.
Meanwhile, trader Michaël van de Poppe, founder of MN Trading Capital, emphasized that Bitcoin must establish a higher low to confirm renewed upward momentum.
A successful higher-low formation would strengthen the broader bullish trend structure.
What This Means for Bitcoin’s Outlook
Historically, rising numbers of large wallets during market pullbacks have preceded recovery phases.
Key implications include:
- Growing institutional or high-net-worth participation
- Improving ownership distribution
- Potential accumulation during market weakness
While short-term price action remains uncertain, the expansion of Bitcoin’s 100 BTC club points toward strengthening network fundamentals beneath the surface.
Conclusion: Quiet Accumulation May Be Underway
Bitcoin’s approach toward 20,000 large-holder wallets highlights a subtle but important shift happening behind the charts.
Even as prices consolidate, on-chain data suggests capital is redistributing rather than exiting the ecosystem entirely — often a precursor to stronger market cycles.
If selling pressure from early holders continues to ease, Bitcoin could be positioning itself for the next sustained trend once macro conditions improve.
See all our insights: Bitcoin World News
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