Bitcoin Whale Wallet Count Reaches All‑Time High Amid Rising Short Positions

According to BeInCrypto, Bitcoin (BTC) wallets that hold between 10 and 10,000 BTC have reached 20,338, an all‑time high, according to Santiment. The increase occurred sharply since mid‑July, even though BTC’s price moved up and down repeatedly during the same period.

Santiment, an on‑chain analytics firm, noted that this group of wallets has historically moved closely with Bitcoin’s overall market dynamics.