The number of huge whales holding the largest crypto by market cap, Bitcoin ( BTC ), is on the rise, according to the crypto analytics firm Santiment.
Santiment notes that the number of Bitcoin whale addresses holding between 10,000-100,000 BTC ($190,000,000-$1,900,000,000) have reached their highest level since February 2021, as have addresses holding between 10-100 BTC ($190,000-$1,900,000).

“As the number of addresses on a network rise, utility should follow suit.”
Source: Santiment
The analytics firm also notes that Bitcoin addresses holding between 0.1 and 10 BTC now hold 15.9% of the crypto asset’s available supply, an all-time high.
Conversely, smaller whales holding between 100 and 10,000 BTC only control 45.6% of Bitcoin’s available supply, the lowest level since June 2019.
Santiment also adds that stablecoin market caps have reached their lowest level since last December.
Source: Santiment
Additionally, Santiment notes that Bitcoin has been flying off exchanges.
“Bitcoin saw a massive surge of coins moving off of exchanges yesterday, its largest daily amount (40,572 BTC) in 4 months. The supply of coins on exchanges is down to 8.48%. As exchange supply decreases, it de-risks chances of a future sell-off.”
Source: Santiment
Bitcoin is trading at $19,219 at time of writing and has been crawling sideways since mid-June. The top-ranked crypto asset by market cap is down 0.05% in the past 24 hours, up more than 0.37% in the past week, and down nearly 1.7% in the past month.
BTC also remains more than 72% down from its all-time high of more than $69,000, which it hit last November.
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The post Bitcoin Addresses Holding Up to $1,900,000,000 BTC Hit 20-Month High: Crypto Analytics Firm Santiment appeared first on The Daily Hodl .