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Bitcoin Whale Addresses With Over 100 BTC Spikes
According to on-chain data, the number of addresses holding more than 100 BTC has reached a new all-time high, signaling rising whale accumulation. Currently, Bitcoin addresses with 100+ BTC have surged above the 20,000 mark for the first time in tandem with soaring asset prices.
Experts are interpreting the new milestone as evidence of an accumulation spree by institutional investors and other long-term holders. As a result of the increasing purchases, pundits note that the circulating supply of Bitcoin on exchanges is shrinking, creating the perfect conditions for even stronger rallies.
A glance at the historical trend reveals that whale addresses have always spiked alongside price spurts, strengthening the case for a sustained bull market. While the number of whales surged in the early years of Bitcoin, their numbers flattened to around 16,000 between 2014 and 2020 despite wild price fluctuations.
After 2022, whale addresses rose simultaneously with increases in Bitcoin’s prices, a trend that has remained fairly consistent. Early in the week, Bitcoin whales sent over 15,000 BTC to exchanges, demonstrating their resolve to hold the premier cryptocurrency.
 
The latest milestone came on the heels of Bitcoin price surpassing $126,000 in a meteoric rally that saw the asset rise by double-digit percentages over the last month. A CNBC surge noted that Bitcoin’s latest surge has created over 70,000 crypto millionaires in the last 12 months, with whales being the biggest winners.
Citi projects Bull Run To Spill Into 2026
While fears of a pullback hang around Bitcoin, analysts at Citigroup have reiterated that Bitcoin’s rally will extend into 2026. In a recent interview, a Citigroup executive disclosed that investors will turn to Bitcoin as the primary hedge asset of choice, fuelling upward price movement till late 2026.
Previously, Citigroup tipped Bitcoin to finish the year between $133,000 and $181,000, predicting new all-time highs for the asset. Meanwhile, its analyst has predicted Ethereum to reach $6,400 by the end of the year but notes that a steep drop to $2,200 remains a grim possibility.
Source: https://zycrypto.com/bitcoin-whale-addresses-holding-100-btc-soar-to-new-high-as-citi-projects-bull-run-through-2026/
