Wallet holding 100+ BTC reaches 17-month high in Bitcoin

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While small traders are panic-selling amid price weakness, Bitcoin whales were busy stacking up more BTC.

The number of Bitcoin wallets holding 100 BTC or more has just hit a remarkable 17-month high. According to blockchain analytics platform Santiment, this surge was propelled by a notable increase in whale holdings over the past month.

In an X post on August 31, Santiment shared that over 283 wallets holding at least 100 BTC emerged within the past month alone. With this addition, “16,120 such wallets on the network has broken a 17-month high,” Santiment said.

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