Bitcoin is approaching a key onchain milestone, with 19,993 unique wallets now holding at least 100 BTC, according to data shared by Santiment.
Each of these wallets holds roughly $6.7 million worth of Bitcoin at current prices near $67,000, and Santiment expects the total to surpass 20,000 wallets imminently.
Santiment said that growth in the number of 100+ BTC wallets suggests distribution among a broader group of large holders rather than extreme concentration among a few whales.
“In that sense, it points to less extreme consolidation at the very top,”
The firm noted, framing the development as a structurally bullish signal for Bitcoin.
However, while the number of large wallets is increasing, the total percentage of supply held by this cohort has not changed, implying that some long-term holders may be distributing coins as new wallets cross the 100 BTC threshold.
Bitcoin remains about 47% below its October all-time high of $126,100 and is currently trading around $67,260, reflecting continued market caution despite improving wallet distribution metrics.