Bitcoin Whales Scoop Up Over 113k BTC in Two Months

The number of Bitcoin wallets holding between 100 to 1,000 BTC has accumulated an impressive 113,950 BTC since mid-July. This increase brings their total holdings to approximately 5.24 million BTC.

According to data from Santiment, a blockchain analytics platform, these large Bitcoin holders have been adding to their balances consistently over the reported period. The trend suggests that more Bitcoin is being held by big addresses instead of being moved out, which could impact the amount available for trading if market demand remains firm.

The accumulation figures do not guarantee a price rally, but it's often viewed as a positive sign when large holders maintain or expand their sizable balances. This on-chain indicator provides valuable insights into Bitcoin's broader market structure.