Bitcoin wallets holding 10-10,000 BTC hit all time high as price tests $80,400 support

Bitcoin rose 1.7% to around $82,300 on Friday, October 16, as the broader digital asset market rebounded. The uptick in prices coincided with a notable milestone for Bitcoin’s on-chain activity, as the number of wallets holding between 10 and 10,000 BTC reached a record level. Market analytics firm Santiment reported that the number of Bitcoin wallets controlling between 10 and 10,000 BTC climbed to 20,338, hitting an all-time high. This group of wallets represents a wide cohort of significant holders, often described as “large holders” or “whales” in the market.

Source: CoinTurk News