20,000+ Wallets Holding at Least 100 Bitcoin? This is the New Reality
Bitcoin is approaching a milestone of 20,000 wallets holding at least 100 BTC. I see this growth during price declines as an accumulation phase, indicating that
የገንዘብ ምክር አይደለም። DYOR።
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📈 Bitcoin is about to hit a milestone, surpassing 20,000 wallets with at least 100 6.78M, and they're obviously going to be largely owned from very high net worth individuals, funds, long term holders, or institutions.
🤔 When this number rises during or after price declines (like it has been), it can be considered a bullish sign. However, the overall percentage of supply has interestingly not significantly risen from key stakeholders just yet. This is why prices have stayed suppressed.
🐳 If the number of 100+ BTC wallets is growing, that suggests distribution across more large holders rather than a small group controlling everything. In that sense, it points to less extreme consolidation at the very top.
🫴 However, it also shows that wealth is concentrating into strong hands compared to smaller retail wallets. So it is not a sign of decentralization at the smallest level, but it does show that more separate entities are reaching “whale” status. Historically, rising whale wallet counts have often appeared during accumulation phases that later support price recoveries.
💸 The growth in wallet numbers just needs to match the growth in overall supply held, with retail slowly selling off their coins to the larger wallets. History shows that retail traders will always eventually panic sell or profit take too soon, allowing this stage to occur.
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ይህ የገንዘብ ምክር አይደለም። DYOR.
