Bitcoin Whale Wallets Hit 20,229 as Confidence Stays Strong
Santiment reports Bitcoin whale wallets holding at least 100 BTC have risen to 20,229, an 11.2% increase from a year ago, signaling strong institutional confidence despite retail fear and Bitcoin’s price dip below $80,000. The crypto market remains bearish, with Bitcoin trading near $77,200 and a Fear & Greed Index at 28, though Santiment notes increased bearish sentiment may signal a potential rebound.
Santiment data shows Bitcoin whale wallets—those holding at least 100 BTC—have grown to 20,229, up 11.2% from 18,191 wallets a year ago. These wallets, valued at approximately $7.7 million each at current prices, include wealthy investors, institutions, and long-term holders, reflecting strong confidence in Bitcoin’s long-term prospects despite recent market declines. The rise in whale wallets contrasts with retail traders, who Santiment says have shown fear, impatience, or skepticism during the same period. Bitcoin’s price has dipped below $80,000, trading around $77,200 as of recent data, with a market cap of $1.54 trillion and a 24-hour trading volume of $40.3 billion. Over the past week, BTC dropped 5.1%, though it has seen a 4.8% gain month-to-date and a 25.1% decline year-to-date. Supply inflation remains low at 0.83%, with medium volatility at 2.37%, according to Coincodex. The crypto market as a whole is up 0.4% in the past 24 hours, with a total market cap of $2.655 trillion and trading volume of $94.478 billion. Bitcoin’s dominance stands at 58.2%, while Ethereum holds 9.71%. The Fear & Greed Index currently points to fear at 28, with sentiment described as bearish, though Bitcoin has outperformed 62% of the top 100 cryptocurrencies over the past year. Santiment noted that Bitcoin recently dipped to $76,000, triggering widespread fear and uncertainty across social media. Data shows more bearish comments about BTC than bullish for the first time since April 21, 2026. Santiment suggests this shift in sentiment could be a positive sign, as crypto prices often move opposite to crowd expectations. The firm also highlighted that as retail traders sell during mild downswings, the probability of a rebound may increase. Institutional accumulation continues despite short-term volatility, reinforcing Bitcoin’s position as a long-term asset. The divergence between whale activity and retail sentiment underscores a broader trend of institutional confidence amid broader market caution.
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