• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
Bitcoin

Bitcoin Whales On The Rise: Number Of Wallets Holding 10 Or More BTC Increases

Godspower Owie
by Godspower Owie
1 year ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Amidst a negative sentiment surrounding Bitcoin and the entire digital asset sector, BTC whales are becoming increasingly noticeable on the cryptocurrency market as the number of wallets containing 10 or more of the flagship coin has reached a record high.

This surge highlights a strong conviction in Bitcoin’s long-term value as it navigates a challenging landscape of price volatility and regulatory obstacles. It also indicates that BTC has solid foundational support going forward, which is consistent with the general optimism in the market.

Bitcoin Whales Accumulation Reach 2-year High

According to blockchain analytics firm Santiment, the number of these significant holdings has peaked at a level not seen since 2022, indicating a strategic move by major players to strengthen their positions in the top cryptocurrency asset.

Related Reading: Bitcoin Whales Buy While Market Panics As $950M Worth Of BTC Leaves Exchanges

On-chain data shows that since February 2022, the number of wallets with 10 or more BTC now controls an astounding 82% of supply, indicating a resurgence of belief in the long-term worth of the cryptocurrency. Given the erratic nature of the cryptocurrency market and the regulatory uncertainty that has beset it lately, this pattern is especially important.

Furthermore, Santiment noted that since then a lot has happened such as Bitcoin’s value increasing by over 226%, demonstrating its position as a potential coin in the crypto market.

The post read:

Wallets holding 10 or more Bitcoin have collectively just matched their same level of holdings from exactly 2 years ago. Much has changed since then, including a rise in Bitcoin’s market value by +226%.

Drawing attention to the collapse of FTX in 2022, the analytics platform underscores the crypto community’s belief that the incident successfully suppressed cryptocurrency prices in the second half of 2022. However, following the exchange’s demise in November 2022, there has been a clear correlation between the total market value of Bitcoin and the wallets holding more than 10 BTC.

Bitcoin
Wallets holding 10 or more BTC reaches 2-year high | Source: Santiment on X

The rising number of major holdings is noteworthy because these whales frequently have a significant impact on the dynamics of the market, especially with regard to price stability and liquidity. 

Consequently, their accumulation of the flagship coin can be an indication of optimism and possibly lead to additional price growth. However, it is important to confront the market knowing exactly what risks are involved, even though this accumulation could be a bullish indication.

Large BTC Holders Deemed Useless

With these kinds of developments generally considered as a bullish signal for price movement, TOBTC, a trading platform has highlighted several analysts’ views on the development. According to the platform, BTC whale watching or following the moves of major Bitcoin investors is popular on social media, but traders consider it useless for valuable analysis.

Related Reading: If Bitcoin ETFs Are Buying, Who Is Selling? Top Analyst Answers

Several analysts contend that whale movements are mostly misunderstood and are not a reliable indicator of market trends. Thus they warn against making declarations about the market based on just whale metrics, pointing out that these data are sometimes noisy and essentially act as social media engagement bait.

Bitcoin
BTC trading at $65,750 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from iStock, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Godspower Owie

Godspower Owie

Follow

Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person's existence. Not illusions, but dreams are what I pursue.

Full Profile

Related Posts

Bitcoin

Is The Bitcoin Top In? This Metric Points Toward Possible Bull Cycle End – Here’s The Timeline

1 hour ago
Bitcoin

Bitcoin Treasury Firm Supported By Winklevoss Twins Announces Upcoming IPO

12 hours ago
Bitcoin Reserve news US Japan

No US Bitcoin Reserve Without Japan, Bitwise Exec Argues

18 hours ago
Dormant Bitcoin Supply Awakens: Swapping BTC For ETH On Hyperliquid

Dormant Bitcoin Supply Awakens: Swapping BTC For ETH On Hyperliquid

1 day ago
Bitcoin Derivative Pressure Score Hits 30%: Downside Risk Signal

Bitcoin Derivative Pressure Score Hits 30%: Downside Risk Signal

1 day ago
Bitcoin

Bitcoin Whale Dumps $4 Billion In BTC, Here’s What They Bought

2 days ago

Premium Sponsors

Press Releases

  • Bitget and Bitget Wallet Support Trading of Over 100...

    44 minutes ago
  • miner

    XRP Price From a High of $3.65 to a Low of $2.72: How GMO...

    3 hours ago
  • miner

    7 Trending Crypto Mining Apps This Year That Give Free...

    5 hours ago
  • mining

    6 Most Reliable Crypto Mining Software to Help Miners...

    6 hours ago
  • MemeCore...

    12 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.