Bitcoin 10k+ Wallet Count Surges to 90, Marking Six-Month High

Wallets holding 10,000+ Bitcoin hit 90, a six-month peak. Mid-tier holders added $1.5B since July 29, while micro-wallets decline amid security and regulatory concerns.

Woofun AI data shows that the count of wallets possessing at least 10,000 Bitcoin has climbed to 90, reaching its highest level in six months. Since July 29, addresses holding between 10 and 10,000 Bitcoin have accumulated approximately $1.5 billion worth of the asset.

Concurrently, the number of 'micro' wallets continues to drop, attributed to security issues and regulatory delays.

Analysts at Santiment observe that this migration of tokens from smaller holders to 'power players' typically precedes significant price volatility. They note that the likelihood of Bitcoin breaking above $70,000 has increased under these conditions.