Number of Bitcoin Addresses Holding Over 100 BTC Reaches New All-Time High
Whales continue to accumulate Bitcoin as the number of addresses surpasses previous records, signaling growing interest from large investors.
BTC
Summary
The number of Bitcoin addresses holding more than 100 BTC has reached a new all-time high, highlighting increasing accumulation by large investors or 'whales.' This surge reflects ongoing confidence in Bitcoin's value as whales continue to build their positions in the digital asset.
Terms & Concepts
- Bitcoin Whales: Individuals or entities that hold large amounts of Bitcoin, typically more than 1,000 BTC, and have the potential to influence the market with their transactions.
- Bitcoin Address: A unique string of characters used to send and receive Bitcoin on the network. An address holding more than 100 BTC typically represents a significant stake in the cryptocurrency.