As market participants focus on short-term price movements, Bitcoin is approaching a notable on-chain milestone, with the number of wallets holding at least 100 BTC climbing toward record levels. This growing concentration of high-value holdings reflects increasing accumulation by large investors, and is viewed as a sign of strong long-term confidence in the world’s leading cryptocurrency. How Large Holders Influence Bitcoin’s Market Cycles Bitcoin is approaching a major milestone, with the number of wallet addresses holding at least 100 BTC set to surpass 20,000. An on-chain analytics firm, Santiment, highlighted on X that at current market valuations, a wallet holding 100 BTC or more is valued at roughly $6