"The number of Bitcoin addresses (bitcoin whales) holding at least 100 BTC has climbed to a new all-time high, according to on-chain data from Bitcoin Magazine Pro, pointing to continued accumulation among large holders despite some recent bitcoin price dips and broader crypto market volatility. The metric tracks the total number of unique Bitcoin addresses with balances of 100 BTC or more - a cohort commonly associated with so-called "bitcoin whales,""
"Unlike price charts, bitcoin whale and address balance data shows how bitcoin is actually being held across the network. When the number of wallets with large BTC balances grows, it suggests capital is concentrating in bigger holders, often read by analysts as a sign of long-term confidence rather than short-term speculation. The milestone comes as bitcoin continues to trade down 30% from historic highs,"
The count of Bitcoin addresses with balances of 100 BTC or more has reached an all-time high, extending a multi-year uptrend across market cycles. That cohort includes high-net-worth individuals, funds, corporations, and long-term strategic holders, and its growth suggests capital concentration in larger holders. Increasing whale addresses is often interpreted as a sign of long-term confidence rather than short-term speculation. The milestone arrives while bitcoin trades about 30% below historic highs amid increased institutional participation and broader regulated access. Address counts do not equal unique entities, but the metric is used to assess structural market trends.
Read at Bitcoin Magazine
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