Santiment said the number of wallets holding between 10 and 10,000 Bitcoin has reached 20,338, the highest level on record. The on-chain analytics firm said this cohort has kept growing since mid-July even as Bitcoin went through sharp price swings. According to Santiment, past market cycles show a close relationship between the size of this holder group and Bitcoin’s later price direction. The firm added that when more large holders move into this balance range during periods of choppy trading, it can suggest that well-capitalized investors are still confident and are not exiting during weaker market conditions. The update was cited by Odaily in a market analysis newsflash.
According to Santiment, the number of wallets holding between 10 and 10,000 BTC has climbed to 20,338, a new all-time high.
The firm said this group has continued to expand since mid-July, even though Bitcoin’s price has seen sizable swings over the same period.
Santiment added that, based on historical patterns, the size of this cohort has been closely tied to Bitcoin’s future price trend. During volatile trading periods, if more large holders enter this balance range, it suggests that investors with substantial capital are still confident rather than leaving the market during weak conditions.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
