- Over 20,000 wallets now hold 100 or more Bitcoin, a key milestone signaling significant accumulation.
- This growth in “whale” wallets during a price decline is considered a historically bullish indicator.
- The data suggests Bitcoin wealth is consolidating among large holders but distributing across more separate entities.
Amidst extreme volatility, the cryptocurrency sector has witnessed a major shift in February 2026, with Bitcoin accumulation reaching a new peak as over 20,000 wallets now hold at least 100 BTC. This milestone, where each qualifying wallet holds a minimum of $6.78 million, indicates deep accumulation by wealthy individuals and institutions.
According to a recent Santiment report, this rise following a price decline typically signals a bullish trend. However, it also highlights a concentration of wealth moving into stronger hands compared to smaller retail investors.
The data suggests these assets are distributing across more large holders rather than consolidating within a small group. Consequently, this marks a significant change in the ownership structure at Bitcoin’s highest tiers.
Santiment noted, “When this number rises during or after price declines (like it has been), it can be considered a bullish sign.” Meanwhile, the overall percentage of supply held by key stakeholders has not significantly risen yet, which has kept prices suppressed.
The firm’s analysis further stated, “it does show that more separate entities are reaching ‘whale’ status.” This trend underscores a growing class of major Bitcoin holders positioning themselves during the current market phase.
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