Big Players Move as Bitcoin Whale Wallets Near 20K

• Bitcoin whale wallets holding 100+ BTC are close to 20,000.
• Large holders are accumulating during the market dip.
• Past trends show similar activity often precedes bullish moves.

The number of Bitcoin whale wallets is approaching the 20,000 mark, according to fresh data shared by Santiment. These wallets each hold at least 100 BTC, placing them among the most influential players in the crypto market.

This milestone is important because it shows that large investors are increasing their positions while prices remain below recent highs. Instead of selling during uncertainty, these major holders appear to be buying more Bitcoin. Historically, this type of behavior has often signaled confidence in the market’s long-term direction.

When whale activity increases during price dips, it usually reflects a belief that the current levels offer strong value. These investors typically have access to deep research, long-term strategies, and substantial capital. Their accumulation can reduce available supply on exchanges, which may create upward pressure over time.

Why This On-Chain Trend Matters

Tracking Bitcoin whale wallets helps analysts understand how wealth is distributed across the network. When the number of wallets holding 100+ BTC grows, it suggests either new large investors are entering the market or existing holders are expanding their positions.

In past cycles, similar accumulation phases have appeared before major price recoveries. While no signal guarantees a rally, rising whale counts often reflect strong conviction among high-net-worth participants.

Santiment’s data shows that this accumulation is happening during a period of price weakness. That contrast makes the trend more notable. Retail traders may hesitate during dips, but whales often take advantage of discounted prices.

A Historically Bullish Setup?

The rise in Bitcoin whale wallets does not automatically mean a breakout is imminent. However, history shows that sustained accumulation by large holders can create a foundation for future growth.

If this trend continues and overall market sentiment improves, the combination could support a stronger recovery phase. Investors will be watching closely to see whether the number surpasses 20,000 in the coming days.

For now, the steady growth in Bitcoin whale wallets adds another data point suggesting that long-term confidence in Bitcoin remains intact.

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