Bitcoin Nears 20,000 Mega-Whale Wallets in Key Distribution Milestone

[cryptohog]

Santiment reports that Bitcoin is on the verge of surpassing 20,000 wallets holding at least 100 BTC — a potentially significant milestone for market structure. As of Thursday, 19,993 wallets held 100 BTC or more, with each wallet valued at roughly $6.7 million. Santiment expects the 20,000 mark could be reached imminently.

According to the firm, growth in 100+ BTC wallets suggests distribution among a broader group of large holders rather than increasing concentration in a few hands. That dynamic can reduce fears of extreme whale-driven volatility. In Santiment’s view, this signals “less extreme consolidation” at the top — a structural shift that could point to a healthier long-term ownership landscape.

[cryptoenthusiast]

ogs are done selling aggressively for now aka they need exit liquidity later