ChainCatcher reports that, according to data from the crypto analytics platform Santiment, as of this Thursday, the number of independent wallets holding 100 or more Bitcoin has reached 19,993, just 7 short of the 20,000 mark. Santiment expects this milestone to be reached by Friday. Based on the Bitcoin price at the time of writing, each of these wallets is worth approximately $6.71 million.
Santiment notes that the increase in large-holder wallets indicates that holdings are becoming more dispersed among major investors rather than concentrated in a few whales, which helps reduce the risk of price manipulation and is a bullish signal. However, the total supply of Bitcoin held by this group has not changed, indicating that some long-term holders are still selling, which is one of the main reasons for recent price pressure.
Currently, Bitcoin has fallen about 47% from its all-time high of $126,100. Analyst Poppe states that Bitcoin needs to form higher lows to continue its upward trend.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Square Enables Bitcoin Payments for 4 Million US Small Businesses with Instant Dollar Conversion
Square, the payments subsidiary of Block, began automatically enabling Bitcoin payments for eligible US small businesses on March 31, 2026, shifting from an opt-in to an opt-out model that integrates cryptocurrency acceptance directly into existing payment systems for approximately 4 million merchants.
CryptopulseElite8m ago
Cuba’s central bank approves 10 companies to use cryptocurrencies for international payments
Cuba’s central bank has for the first time approved 10 companies to use cryptocurrencies for international payments, including 9 small and micro enterprises and 1 joint venture, with a license validity period of 1 year. This marks the first time that Cuban companies have been granted permission to directly operate international payments, which must be handled through approved virtual asset service providers and with transaction information reported on a regular basis.
GateNews13m ago
Strategy’s Latest SEC Filing Shows No Bitcoin Purchases or Share Sales During Quiet Week
Strategy Inc.'s recent SEC filing indicates no bitcoin purchases or equity sales, emphasizing disciplined capital management while highlighting the stability and yield of its digital asset holdings.
Coinpedia16m ago
BTC breaks through $68,000, up 2.14% over the past 24 hours
Gate News message, on March 31, according to Gate market data, BTC/USDT is currently trading at $68,016.1, with a 24-hour gain of 2.14%.
GateNews17m ago
BTC Breaks Through 68000 USDT
Gate News bot message, Gate market shows, BTC breaks through 68000 USDT, current price is 68016.1 USDT.
CryptoRadar21m ago
BTC 15-minute surge 0.80%: spot incremental buy orders and changes in the order book structure drive a price breakout
From 2026-03-31 01:15 to 2026-03-31 01:30 (UTC), BTC showed a clear breakout move. The candlestick data indicates a return rate of +0.80%, with the price ranging between 67,241.1 and 67,884.3 USDT, and a recorded amplitude of 0.96%. During this period, trading activity in the market was active, risk appetite rebounded, and short-term bullish sentiment dominated, driving the price to break through local resistance.
The main driving forces behind this breakout were the synchronized rise in trading volume across the spot and derivatives (futures/perpetual) markets, along with a significant net inflow of funds into exchanges. The spot trading volume surged sharply compared with the average value of the previous hour.
GateNews23m ago
