February 27 News, according to the crypto analysis platform Santiment, the number of large wallets holding at least 100 Bitcoin is about to surpass 20,000, which is seen as an important signal of Bitcoin market health. As of Thursday, there are 19,993 individual wallets holding 100 or more Bitcoin, with an average wallet value of approximately $6.71 million. This milestone is expected to be reached on Friday.
Santiment stated that if the number of large Bitcoin wallets continues to grow, it indicates that Bitcoin is becoming more distributed among larger holders rather than being controlled by a few whales. This helps reduce the risk of market manipulation and suggests that the price consolidation is weakening. The platform also pointed out that this trend implies increasing investor confidence in Bitcoin’s rebound.
Currently, Bitcoin is priced at $67,260, down about 47% from its all-time high of $126,100 set in October last year. Santiment’s analysis indicates that the increase in large wallet holders during the price decline is a potential bullish signal. However, the percentage of total Bitcoin held by these users has not changed significantly, suggesting some long-term holders may still be selling, which is one of the reasons for the recent price suppression.
Market analyst Will Clemente noted that long-term Bitcoin holders seem to have temporarily paused active selling, providing some support for the price. Michael van de Poppe, founder of MN Trading Capital, said Bitcoin needs to “find higher lows” to continue its upward trend. He added that so far, Bitcoin’s performance has been good.
Overall, with the number of large wallets approaching 20,000, the Bitcoin market structure is becoming more stable. Investors should watch whether the price can establish new support lows and whether large holders’ behavior remains steady, as these factors will determine the strength of a short-term rebound and overall risk appetite.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Morgan Stanley’s Bitcoin ETF will be listed on the New York Stock Exchange tomorrow, trading under the ticker symbol MBST
Gate News message, April 7, Eric Balchunas, a senior ETF analyst at Bloomberg, posted on the X platform stating that, according to a listing notice from the New York Stock Exchange (NYSE), the Morgan Stanley Bitcoin exchange-traded fund will be listed tomorrow (April 8), with the trading ticker "MBST".
GateNews2m ago
BTC 跌破 68000 USDT，日内跌幅 1.27%
Gate News message, April 7, according to market data, Bitcoin has fallen below 68,000 USDT and is currently trading at 67,971.75 USDT, with a decline of 1.27% during the day.
GateNews2m ago
BTC 15-minute drop of 0.51%: short-term capital outflow and macro volatility converging to trigger a pullback
Between 2026-04-07 14:00 and 2026-04-07 14:15 (UTC), the BTC price fluctuated within the range of 67801.3 - 68256.1 USDT. The candlestick chart recorded a -0.51% return, with an amplitude of 0.67%. Short-term volatility intensified, and market attention increased significantly. Overall liquidity was still within the normal range, but showed marginal changes.
The main drivers of this unusual move are the combined effect of short-term capital outflows and the simultaneous rise in net inflows to exchanges. Short-term holders take profit or cut losses at market volatility nodes, pushing prices lower. Spot
GateNews6m ago
BTC 跌破 68000 USDT
Gate News bot 消息，Gate 行情显示，BTC 跌破 68000 USDT，现价 67983.9 USDT。
CryptoRadar17m ago
