The number of bitcoin wallets holding at least 10,000 BTC hit 90, a six-month high, signaling that large investors are accumulating again. Per CoinDesk, wallets with 10 to 10,000 BTC have added roughly $1.5 billion in bitcoin since July 29, while smaller "micro" wallets keep declining amid security concerns and regulatory delays. Santiment analysts say the rotation of tokens from small holders to "strong hands" has historically preceded major price moves, raising the odds of a break above $70,000.
The number of bitcoin wallets holding at least 10,000 BTC climbed to 90, the highest level in six months — a sign that large investors are rebuilding positions.
According to a CoinDesk report, wallets with between 10 and 10,000 BTC have accumulated roughly $1.5 billion worth of bitcoin since July 29. At the same time, smaller "micro" wallets have kept shrinking, which Santiment attributes to security concerns and regulatory delays.
Analysts at crypto data platform Santiment said the shift of coins from small holders to so-called "strong hands" has historically tended to precede major price swings. They now see a higher probability of bitcoin breaking above $70,000.
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