Addresses holding over 100 BTC up 11% in past year

The number of addresses holding over 100 BTC has increased by 11% year-over-year to 20,229, Santiment reported via X. The analytics firm noted that addresses with more than 100 BTC are typically associated with whale investors, institutions, and large long-term holders. Santiment highlighted that the number of these whale addresses has steadily increased, rather than decreased, even as BTC's price experienced significant volatility over the past year. Historically, a rise in whale addresses has been interpreted as a sign that major investors are accumulating BTC. This accumulation trend among large investors is continuing even during periods of weak retail investor sentiment, the firm explained.