Bitcoin signals an 'accumulation phase'… Wallets holding 100+ BTC near 20,000

Source

Suehyeon Lee

Summary

It reported that the number of wallets holding 100 BTC or more of Bitcoin (BTC) is nearing 20,000.
It analyzed that this trend is similar to the accumulation phase that typically appears near price bottoms.
It said that if supply moves into long-term holding wallets, the market’s circulating supply can decline.

Forecast Trend Report by Period

The number of wallets holding 100 BTC or more of Bitcoin (BTC) appears to be nearing 20,000.

According to Cointelegraph on the 27th (local time), the count of wallets holding at least 100 BTC is approaching the 20,000 level. Analysts say this trend resembles the accumulation phase that typically emerges around price bottoms.

As large holders absorb supply from retail investors, the number of such wallets tends to rise gradually. Similar patterns have been observed at the early stages of past bull markets, and if supply shifts into long-term holding wallets, it can reduce the amount in circulation in the market.

BTC