The number of Bitcoin wallets holding at least 100 BTC is approaching 20,000.

The number of Bitcoin wallets is about to surpass 20,000, with wallets holding at least 100 BTC valued at a minimum of approximately $6.78 million. These wallets are mainly owned by high-net-worth individuals, funds, long-term holders, or institutions. The growth in the number of wallets holding more than 100 BTC indicates that more large holders are diversifying, but wealth remains concentrated among strong holders rather than small retail wallets. Historical data shows that the increase in whale wallets usually occurs during accumulation phases and may support subsequent price rebounds. (Santiment)