Bitcoin Whale Wallets Hit a Record While Shorts Pile In. What Comes Next?
Bitcoin (BTC) wallets holding between 10 and 10,000 BTC have climbed to 20,338, an all-time high, according to Santiment. The count has risen sharply since mid-July, even as BTC’s price swung repeatedly through the same stretch. Bitcoin’s Deep-Pocketed Wallets Keep Multiplying Santiment, an on-chain analytics firm, said this cohort has historically moved closely with Bitcoin’s The post Bitcoin…
Santiment data shows Bitcoin wallets holding 10 to 10,000 BTC reached a record 20,338, climbing sharply since mid-July even as BTC's price swung repeatedly. This cohort has historically moved closely with Bitcoin's price, suggesting accumulation by larger holders. Traders may view the buildup as a bullish signal, though the article also notes rising short positioning that could fuel volatility.
