The number of Bitcoin addresses holding at least 100 BTC (Bitcoin whales) has hit a new all-time high, according to on-chain data from Bitcoin Magazine Pro, indicating continued accumulation among large holders despite the recent drop in Bitcoin prices and widespread volatility in the crypto market.
This metric tracks the total number of unique Bitcoin addresses with a balance of 100 BTC or more. This is the cohort commonly associated with so-called “Bitcoin whales” such as high-net-worth individuals, funds, corporations, and long-term strategic holders.
According to Bitcoin Magazine Pro, the latest data shows that the number has surpassed all previous peaks, extending a multi-year uptrend that has persisted over multiple market cycles.
Unlike price charts, Bitcoin whale and address balance data shows how Bitcoin is actually held on the network. The growing number of wallets with large BTC balances suggests that capital is being concentrated among large holders, which analysts often read as a sign of long-term confidence rather than short-term speculation.
This milestone comes as Bitcoin continues to fall 30% from historic highs, after a year marked by increased participation by institutional investors, greater acceptance of Bitcoin as a treasury asset, and expanded access through regulated investment products.
Analysts note that accumulation by large holders has remained resilient even during periods of consolidation and decline, indicating that distributions from this cohort will be limited.
While a single entity can control multiple addresses, i.e. the number of addresses does not directly correspond to individual owners, changes in indicators are still widely used to assess structural trends in the market.
Historically, sustained increases in Bitcoin whale addresses have coincided with periods of secular accumulation and decline in sell-side pressure.
Recent Bitcoin Price Trends Despite Bitcoin Whale Purchases
Bitcoin hovered around $90,000 on Friday as markets stabilized following a delay in a high-profile U.S. Supreme Court ruling related to President Donald Trump’s tariff policies. The postponement eased short-term macroeconomic uncertainty and helped reduce volatility across risk assets, including digital currencies.
At the time of writing, Bitcoin is trading around $90,443, down about 1% over the past 24 hours. Daily trading volume reached nearly $45 billion, but market capitalization fell to about $1.8 trillion.
Despite the slight pullback, Bitcoin remains in a tight range around its recent highs, about 2% below its seven-day high and slightly above its weekly low.
The circulating supply of Bitcoin has increased to nearly 20 million coins, reinforcing the long-term scarcity narrative.
However, in the short term, traders see the $90,000 to $91,000 range emerging as a key technical support zone, with the asset consolidating after a rally to begin the year, as the market awaits a clearer catalyst, according to Bitcoin Magazine Pro analysis.
