According to Crypto界网, a tweet from the crypto research firm Santiment states that Bitcoin is approaching a milestone, with the number of wallets holding at least 100 BTC surpassing 20,000. These wallets are currently worth at least $6.78 million and are mainly held by high-net-worth individuals, funds, long-term holders, or institutions. An increase in wallet numbers during a price decline is often seen as a bullish signal, but the proportion of large holders relative to the total supply has not significantly risen, which continues to put downward pressure on the price. The growth in wallet numbers indicates that Bitcoin is being distributed to more large holders rather than concentrated in a few, but wealth remains focused in large wallets rather than dispersed among retail investors. Historical data shows that an increase in whale wallets often occurs during accumulation phases and is usually followed by a price recovery.