Particularly, the growth is spotted among wallet addresses containing between 10 BTC and 10,000 BTC. On-chain data shows that these key stakeholders have increased to 151,820 active wallet addresses despite short-term price action remaining unpredictable.
Santiment revealed that these investors have also been on a massive accumulation run, as seen in the chart. After examining their activity in the last 7 days, the platform highlighted that the stakeholders have collectively acquired an additional 79,244 BTC during this short period. This translates to a daily purchase of 11,321 BTC by the cohort, bringing the overall number of these wallets to about 13.57 million.
Martinez’s post reveals a sharp uptick in buying pressure by big wallet addresses with 1,000 and 10,000 BTC in the last 96 days. According to the expert, some of these major investors on the network have purchased nearly 30,000 BTC during the period, indicating sustained confidence in its long-term performance.
