According to Santiment data, there has been an increase in the number of Bitcoin whales, or wallets holding more than 100 BTC, in the past two weeks. This surge in large Bitcoin holders often precedes a price surge. The number of addresses holding at least 100 BTC increased by 1.93% to 16,338, while the number of addresses holding below 100 BTC decreased by 0.1% to 20,600 wallets. This suggests that whales are accumulating Bitcoin while retail traders are selling. The total Bitcoin held by whales has reached an all-time high of 670,000 BTC, indicating institutional interest and increased investor sentiment in the cryptocurrency. However, historically, a surge in whale holdings has led to consolidation or a decline in Bitcoin's price.



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