Whales With 100+ BTC at 17-month high

The number of Bitcoin wallets holding at least 100 BTC has reached a 17-month peak, driven by increased holding activity in recent weeks.

According to data from blockchain analytics platform Santiment, as shared in an August 31 post on X (formerly Twitter), more than 283 wallets surpassed the 100 Bitcoin threshold in August alone.

🐳 As crypto prices have let retail traders down, Bitcoin whales are growing in number. A net gain of +283 wallets holding at least 100 BTC has emerged in just 1 month. The now 16,120 such wallets on the network has broken a 17-month high. pic.twitter.com/DcAU0W01Pk
— Santiment (@santimentfeed) August 31, 2024

@bitfinex whales back buying 450btc/day every minute all day long, since dip on 28th. same as bitcoin mined per day. go ahead sell them cheap corn 🙂 pic.twitter.com/LcgMmaesh7
— Adam Back (@adam3us) August 30, 2024