CandleFocus

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

Author: Content Editor
The price of Bitcoin has soared to $106,533, marking a 77% increase since the bull run began in October. This rise in price has also led to an increase in the number of BTC wallets, particularly those holding at least 100 BTC, which has grown by nearly 10% in just nine weeks. Notably, there are only four addresses that hold between 100k and 1 million bitcoins, including the anonymous creator, Satoshi Nakamoto, and companies like Microstrategy. However, these large wallets make up a very small portion of the total number of bitcoin addresses. The fact that over 88% of the circulating supply is controlled by retail investors is seen as a positive, as it ensures decentralization and minimizes concerns about market manipulation. Additionally, dormant wallets that have been inactive since 2009 have started becoming active again, holding significant amounts of Bitcoin. This renewed activity, along with the rise in large wallet holders, indicates growing trust in Bitcoin's long-term value. Overall, as adoption increases and confidence remains strong, Bitcoin's position as a leading digital asset appears to strengthen.

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