The post Bitcoin Price Nears $100K as Holiday Rally Boosts Altcoins appeared on BitcoinEthereumNews.com.

The cryptocurrency market is staging a strong holiday recovery, with Bitcoin price approaching the $100,000 level as traders anticipate a potential Christmas milestone. Data from blockchain analytics firm Santiment reveals a strong ecosystem of Bitcoin holders across various wallet sizes, with particular strength among larger investors. The market’s upward momentum comes as whale wallets, those holding over 1,000 BTC, maintain consistent accumulation patterns throughout 2024. This end-of-year rally appears supported by strong fundamentals, as demonstrated by the distribution of Bitcoin across different holder categories. BTC Wallet Distribution Analysis as Bitcoin Price Maintains Above Key Level Current data shows over 50 million small wallets holding up to 0.1 BTC, while more than 4.3 million wallets contain between 0.1 and 10 BTC. Most notably, the number of holders remains substantial, with 150,130 wallets holding between 10 and 1,000 BTC, and 2,050 whale wallets controlling over 1,000 BTC each, suggesting sustained institutional and high-net-worth investor interest. 📈 Bitcoin and altcoins have recovered well heading into Christmas Day. BTC has rebounded as high as $99K with traders hoping for a $100K Xmas gift. Here are the number of BTC wallets by size: 🦐 0-0.1 BTC Wallets: 50.17M🐠 0.1-10 BTC Wallets: 4.31M🦈 10-1,000 BTC Wallets:… pic.twitter.com/D2I5Lntu09 — Santiment (@santimentfeed) December 25, 2024 The current distribution of Bitcoin wallets reveals a healthy market structure with strong participation across all investor categories. The largest group consists of retail investors, with 50.17 million wallets holding less than 0.1 BTC. – Advertisement – These “shrimp” wallets, while individually small, collectively represent widespread adoption and growing interest from everyday investors. Their continued growth throughout 2024 suggests sustained grassroots market participation. The mid-tier segment, holding between 0.1 and 10 BTC, comprises 4.31 million wallets and represents a crucial market foundation. These holders, often referred to as “fish” in market terminology, typically…

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Filed under: News - @ December 26, 2024 1:31 am