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A Very Curious Thing Happened to Bitcoin for the First Time in 2023

Dimitar Dzhondzhorov Oct 19, 2023 10:15
The number of Bitcoin addresses owning at least 100 BTC has risen to 15,970.

TL;DR

  • The number of Bitcoin wallets with at least 100 BTC recently surged to nearly 16,000, with the largest single-day increase this year recorded on October 13.
  • Following these developments, the price of Bitcoin increased by over 5%. Rumors of the US SEC approving BlackRock’s BTC ETF application further influenced the price, although they were later debunked.
  • Bitcoin whales have significantly increased their asset holdings since the market crash in mid-August, with large investors buying over 11,600 BTC in less than a week by the end of August.

The Rapid Surge

As revealed by the behavior analytics platform Santiment, the number of Bitcoin wallets containing at least 100 BTC has recently spiked to almost 16,000. The figure was pumped with 115 new addresses last Saturday (October 13), registering the highest single-day increase this year. 


Interestingly, the price of the leading cryptocurrency has soared by over 5% since these developments. The surge could have been even more significant should the reports indicating that the US SEC approved BlackRock’s application to launch a spot BTC ETF in America were true. 

The primary digital asset exploded to nearly $30,000 (per CoinGecko) minutes after the coverages circulated the crypto space. However, it quickly retraced to approximately $28,000 once there was more clarity.

Whales Have Been on an Accumulation Spree

As CryptoPotato previously reported, Bitcoin sharks and whales have considerably increased their exposure to the asset since the market crash in mid-August. Data from the end of August showed that such large investors have purchased over 11,600 BTC in less than a week. 

We also released a video depicting the six Bitcoin billionaires. Those willing to take a look at their exclusive club could watch the clip below:

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Dimitar Dzhondzhorov

Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. His hobby is football.