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coinpedia 2024-12-16 09:51:32

Bitcoin Wallets Holding Over 100 BTC Spike Amidst $106K Milestone

The post Bitcoin Wallets Holding Over 100 BTC Spike Amidst $106K Milestone appeared first on Coinpedia Fintech News Bitcoin confidence is above the sky this month. Today it jumped to another high at $106,533 marking a 77% rally since the bull run started on October 10. With the rise in price, the number of BTC wallets are also taking a spike. Major Bitcoin Players Here’s a wild fact: the number of wallets holding at least 100 BTC jumped significantly in just nine weeks. According to blockchain data from Santiment, these large wallets went from 16,072 to 17,644. That’s nearly a 10% increase. Source : X.com/santimentfeed But not all big holders are the same. There are only 4 addresses that hold between 100k and 1 million bitcoins. Satoshi Nakamoto , the anonymous creator of the first crypto is supposed to hold around 1.1 million coins. Another big player is the public traded company Microstrategy that now own 423,650 BTC. There is one more known whale – Roger Ver, aka “ Bitcoin Jesus .” He owns 131,000 BTC. Apart from his crypto holding, he also got famous for getting arrested on charges of U.S. tax evasion in April this year. There are 17,671 wallet addresses that hold more than 100 Bitcoin. This is a very tiny number as compared to the 85 million addresses that own between $1 to $1000 worth of BTC. Now compare these numbers to approximately 460 million total bitcoin addresses. Source : bitinfocharts More than 88% of the circulating supply is controlled by retail investors. This ensures Bitcoin stays decentralized. It’s not controlled by a few wealthy players, so fears of market manipulation are minimal. Dormant Wallets Come to Life Another more interesting thing that adds fuel to the confidence of Bitcoin is the awakening of Dormant wallets. Some of them have been inactive since 2009. They are suddenly back in action. Many of these hold massive amounts, like 10,000 BTC or more. Traditionally, only crypto exchanges manage balances this large, but some investor holding this much amount, must be a great HODLER. Source : bitinfocharts However, many unknown wallets moved significant amounts of Bitcoin during Q4 2024. This renewed activity shows that long-term holders still believe in Bitcoin’s potential. What to Expect What does this mean for Bitcoin? The rise in large wallet holders and reactivation of old wallets signal growing trust in its long-term value. Retail investors still hold most of the supply, keeping Bitcoin decentralized and free from manipulation by a handful of players. As adoption grows and confidence remains strong, Bitcoin’s position as a leading digital asset only seems to strengthen. Whether you’re a whale, a sub-whale, or just getting started, the message is clear: Bitcoin’s future looks brighter than ever. We told you the names of 3 out of the top 4 bitcoin wallet addresses. Do you know who the fourth one is?

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