Bitcoin Whale Wallets Increase as Bullish Sentiment Builds

The number of Bitcoin (BTC) wallets containing 1,000 or more BTC has increased by nearly 3.5% over the past 52 weeks. This growth is accompanied by a 75% increase in the number of wallets holding 0.0001 BTC or less. On the surface, these numbers indicate growth at both ends of the spectrum. However, a categorical examination reveals that Bitcoin’s middle class—those holding between one and ten BTC—appears to be shrinking. This data, derived from BitInfoCharts, shows the percentage change in the number of wallets containing specific amounts of BTC between Oct. 1, 2023, and Sept. 23, 2024. While the approximately