Bitcoin Nears $68,000 as Whale Wallets Holding 100+ BTC Approach 20,000

Bitcoin climbed toward $68,000, with the number of addresses holding at least 100 BTC nearing 20,000, each now worth a minimum of $6.78 million, Santiment data show. The analytics firm said these large wallets typically belong to high-net-worth investors, funds, long-term holders, or institutions, and noted the recent increase after price weakness can signal accumulation, though overall supply concentration among major stakeholders has not risen markedly. Market analyst Willy Woo maintained a bearish view, citing weak spot and futures liquidity and identifying $45,000 as a typical bear market bottom, with the current bearish regime potentially persisting until roughly Q4 2026 before a possible shift toward bullish momentum in Q1 or Q2 2027.