Bitcoin Surges to $106,500: Wallets Holding 100 BTC Increase by Nearly 10% Amid Bull Market

On December 16, reputable source COINOTAG highlighted findings from Santiment, revealing that Bitcoin has reached a milestone value of $106,500, marking an unprecedented achievement in its over 16-year existence. This bullish sentiment has been mirrored by a notable uptick in significant wallet accumulation: since the market’s bullish resurgence on October 10, there has been an impressive increase of 1,582 wallets holding a minimum of 100 BTC. This surge represents a 9.9% rise in wealth concentration among top Bitcoin holders within a brief timeframe, underscoring the increasing strength of institutional and retail investor interest in cryptocurrency. As Bitcoin continues to solidify its market position, analysts are closely monitoring these trends, which may offer insights into future price movements and overall market dynamics.