The number of Bitcoin addresses (bitcoin whales) with at least 100 BTC has risen to a new record high, according to on-chain data from Bitcoin Magazine Pro, pointing to continued accumulation among large holders despite some recent bitcoin price declines and broader crypto market volatility.
The metric tracks the total number of unique Bitcoin addresses with balances of 100 BTC or more — a cohort commonly associated with so-called “bitcoin whales,” including high-net-worth individuals, foundations, corporations, and long-term strategic holders.
The latest data shows the number has surpassed all previous highs, extending a multi-year uptrend that has persisted across multiple market cycles, according to Bitcoin Magazine Pro.
Unlike price charts, bitcoin whale and address balance data show how bitcoin is actually held across the network. As the number of wallets with large BTC balances grows, it suggests capital is being concentrated in larger owners, often read by analysts as a sign of long-term confidence rather than short-term speculation.
The milestone comes as bitcoin continues to trade down 30% from historic highs after a year marked by increased institutional participation, growing acceptance of bitcoin as a financial asset and expanded access through regulated investment products.
Analysts note that accumulation of large owners has remained resilient even during periods of consolidation and pullbacks, indicating limited distribution from this cohort.
While a single entity may control multiple addresses—meaning address counts do not directly correspond to individual holders—changes in the metric are still widely used to assess structural trends in the market.
Historically, sustained increases in bitcoin whale addresses have coincided with periods of long-term accumulation and reduced sell-side pressure.
Recent Bitcoin Price Action Despite Bitcoin Whale Buying
Bitcoin hovered near the $90,000 level on Friday as markets stabilized following a delay in a closely watched US Supreme Court ruling related to President Donald Trump’s tariff policies. The postponement eased macroeconomic uncertainty in the near term and helped limit volatility across risk assets, including digital currencies.
At the time of writing, bitcoin was trading at around $90,443, down around 1% over the past 24 hours. Daily trading volume was close to $45 billion, while total market capitalization fell to around $1.80 trillion.
Despite the modest pullback, bitcoin remains tightly bounded near recent highs, sitting about 2% below its seven-day high and slightly above its weekly low.
Bitcoin’s circulating supply has risen to nearly 20 million coins, reinforcing long-term scarcity narratives.
In the near term, however, traders see the asset consolidating after an early-year rally, with the $90,000-$91,000 range emerging as a key technical support zone as markets wait for a clearer catalyst, according to Bitcoin Magazine Pro analysis.