Bitcoin Whales Near Critical Accumulation Threshold

The on-chain development of increasing Bitcoin wallet holdings is a crucial indicator for cryptocurrency markets.

Santiment's blockchain analysis reveals that wallets holding over 100 BTC are nearing the 20,000 threshold, with 19,993 addresses currently holding such amounts. This milestone has historically signaled potential market shifts and price rebounds.

Historical context shows that whale accumulation patterns often precede substantial price rebounds. The current accumulation pattern began approximately four months ago, following a similar growth trend observed during the 2018-2019 bear market.