Santiment: Number of Addresses Holding Over 100 Bitcoins Hits New Yearly High, Up 11.2% in One Year
BlockBeats News, May 19th, according to Santiment data, the number of whale addresses holding at least 100 BTC has risen to 20,229, an 11.2% increase from the 18,191 addresses in the same period last year. These addresses currently hold an average value of over $7.7 million and are typically associated with whales, large investors, institutions, and high-net-worth long-term holders.
Despite Bitcoin's significant volatility over the past year, the number of large addresses has not decreased but has continued to steadily accumulate. Historical data shows that the increase in whale addresses is often seen as a signal that key stakeholders still have confidence in Bitcoin's future value and scarcity. Of particular note is that during periods when retail investors frequently exhibit panic, impatience, or doubt, the growth of 100+ BTC addresses continues.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Don't Expect an Agressive Rate-Hike Cycle, Goldman Says -- WSJ
US Dollar Climbs to Six-Week High Against The Loonie as Federal Reserve Lifts Interest Rate
Update: TORM Shares Rise After Hafnia Agrees to Acquire More Equity Stake in Company
Fed Officials Project Inflation Will Return to Target by 2029 -- Market Talk
