On January 22, 2025, mid-tier Bitcoin holders reached a new high as BTC prices topped $105,000.
Record Growth in Mid-Tier Wallets
According to Santiment, the number of wallets holding between 100 and 1,000 BTC hit a historic high of 15,777, indicating growing confidence among key market players. This increase in wallet numbers closely correlates with Bitcoin’s price movements, especially after October 2024, following a significant market rally.
Confidence of Key Market Stakeholders
Santiment's data highlights a consistent trend of accumulation among mid-tier Bitcoin holders, intensifying during the late 2024 and early 2025 period. The number of wallets has steadily increased, while Bitcoin's price has shown an upward trend, recovering swiftly from minor dips.
Optimistic Prospects for 2025
Bitcoin's price momentum is robust, supported by the growing number of wallets and strong market activity. The new record for wallet numbers on January 22, 2025, aligns with Bitcoin’s resistance above $105,000. This growth reflects strengthening confidence among mid-tier stakeholders, indicating possible positive trends for 2025. Despite slight pullbacks in mid-January, the broader trend remains upward, suggesting sustained accumulation and bullish sentiment.
The growth in mid-tier wallet numbers and Bitcoin's strong price movement reflect increasing market confidence and optimistic prospects for 2025.
