On-chain data shows that the big Bitcoin wallets have been growing rapidly lately, which could indicate that people are starting to trust Bitcoin more again.
Bitcoin Wallets Holding 10+ BTC on the Rise
The latest post on X from the on-chain analytics firm Santiment talks about how Bitcoin’s biggest holders have been changing their amounts lately.
Supply Distribution” is a tool that helps track how many wallets belong to different groups of Bitcoin holders. These groups are made based on how much Bitcoin each wallet has.
For example, the 1 to 10 coins group contains all people who own between 1 and 10 Bitcoins. In this case, we focus on wallets with more than 10 Bitcoins, with no maximum limit.
At the present exchange rate, the limit for this category is approximately $821,000, so the only people who meet the requirements for it would be the biggest holders. Two important groups fall into this category: sharks and whales.
The more coins someone holds, the more power they have in the market. That is why sharks and whales, who hold a lot of Bitcoin, play an important role in the market. So, it is a good idea to observe what they are doing.
The Token Distribution makes it possible for one such way to monitor these investors. Here is a chart from the analytics firm showing how the indicator’s value has fluctuated over the past few months:
As shown in the graph, the Bitcoin (BTC) Token Distribution for the more than 10 Bitcoins category declined after a modest shift overall throughout the past few weeks, but yesterday, the metric’s value changed direction.
This indicates that the sharks and whales are currently rising in number again. The change in the number of these large entities happened after US President Donald Trump shared the 90-day stop on tariffs for major countries.
The tariffs had caused fear and uncertainty in the market, leading to a drop in Bitcoin and other digital currencies. However, after the news of the stop, the coins started to recover.
As the increase happened, wallets with more than 10 Bitcoins have gone up by 132, which is the biggest lift since February 20th. The analytics firm says this shows “more confidence from the main players in crypto.”
At the present time, it is still to be observed whether the Biggest investors will continue to invest in Bitcoin in the future or not.
BTC Price
At the time of reporting, Bitcoin is trading at about $82,100, close to 1% in the past week.
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