BlockBeats News, May 19th, according to Santiment data, the number of whale addresses holding at least 100 BTC has risen to 20,229, an 11.2% increase from the 18,191 addresses in the same period last year. These addresses currently hold an average value of over $7.7 million and are typically associated with whales, large investors, institutions, and high-net-worth long-term holders.

Despite Bitcoin's significant volatility over the past year, the number of large addresses has not decreased but has continued to steadily accumulate. Historical data shows that the increase in whale addresses is often seen as a signal that key stakeholders still have confidence in Bitcoin's future value and scarcity. Of particular note is that during periods when retail investors frequently exhibit panic, impatience, or doubt, the growth of 100+ BTC addresses continues.