February 27 News: On-chain data shows that the number of Bitcoin whale wallets is rapidly approaching a key threshold. According to Santiment statistics, wallets holding 100 or more Bitcoins are nearing 20,000, reaching a new high for this phase. Notably, this growth occurs during a price correction phase, rather than during a period of high market sentiment.
Historical experience indicates that when retail investors reduce their positions amid volatility, well-funded participants often absorb the chips. The current on-chain structure exhibits similar characteristics: exchange balances are slowly decreasing, long-term holding addresses are steadily increasing, and supply is shifting from short-term holders to steadfast investors. This redistribution of chips typically reduces short-term selling pressure and amplifies price elasticity when demand rebounds.
Looking back at the trends in 2019, 2020, and mid-2023, whale wallet numbers expanded during market fluctuations, followed by new upward cycles. Approaching the 20,000 mark has significant psychological importance and reflects high-net-worth investors’ recognition of long-term scarcity.
From a structural perspective, whale accumulation is not a chase for the rally but a strategic positioning during liquidity contraction and market hesitation. Such strategies emphasize a comprehensive judgment of macro cycles, halving mechanisms, and on-chain activity, rather than short-term speculation.
Of course, a single indicator cannot determine market direction, as the market remains influenced by global liquidity conditions and policy variables. However, the trend of whale holdings has historically been viewed as a leading signal. As wallet concentration increases and circulating supply tightens, the probability of asymmetric upward price potential is rising. For investors focused on Bitcoin on-chain data and long-term trends, whale movements may outline the next phase of the market.
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
Data: If BTC breaks through $72,073, the short liquidation intensity on mainstream CEX will reach $1.954 billion.
Gate News message. On March 27, according to Coinglass data, if BTC breaks through $72,073, the cumulative liquidation strength of short positions on major CEXs will reach $1.954 billion. Conversely, if BTC falls below $65,430, the cumulative liquidation strength of long positions on major CEXs will reach $1.282 billion.
GateNews7m ago
Yesterday, the net outflow of Bitcoin spot ETFs in the United States was $171.44 million.
On March 26, the U.S. Bitcoin spot ETF experienced a net outflow of $171.44 million, with BlackRock's IBIT seeing an outflow of $42.15 million, Fidelity's FBTC seeing an outflow of $32.81 million, and Grayscale's GBTC seeing an outflow of $25.06 million, among several other funds that also experienced varying degrees of outflows.
GateNews10m ago
Yesterday, Bitcoin spot ETFs saw a net outflow of $171.3 million, while Ethereum ETFs experienced a net outflow of $189.3 million.
BlockBeats news, on March 27, according to Farside Investors monitoring, yesterday the net outflow of Bitcoin spot ETFs in the United States was $171.3 million, including: IBIT net outflow of $41.9 million, FBTC net outflow of $32.8 million, BITB net outflow of $33.1 million, ARKB net outflow of $30.5 million.
Ethereum ETFs had a net outflow of $189.3 million, with ETHA having a net outflow of $140.2 million.
BlockBeatNews19m ago
Bitcoin Depot taps ex-MoneyGram CEO amid tightening state scrutiny
Bitcoin Depot has appointed Alex Holmes—already a member of the company’s board—as chief executive and chair, replacing Scott Buchanan who stepped down after less than three months in the top role. The move comes as the crypto ATM operator faces growing regulatory pressure across multiple U.S.
CryptoBreaking21m ago
The new address withdrew 340 BTC from a certain CEX, worth approximately 23.14 million USD.
Gate News reports that on March 27, according to Onchain Lens monitoring, a newly created address withdrew 340 BTC from a certain CEX, worth approximately $23.14 million.
GateNews48m ago
